Equatorial Palm Oil plc Offer Period Extension (6375S)
November 11 2013 - 2:01AM
UK Regulatory
TIDMPAL
RNS Number : 6375S
Equatorial Palm Oil plc
11 November 2013
11 November 2013
EQUATORIAL PALM OIL PLC
("EPO" or the "Company")
Offer Period Extension
Equatorial Palm Oil PLC (AIM: PAL.L) announced on 16 October
2013 that it was in early stage discussions with Kuala Lumpur
Kepong Berhad ("KLK") regarding the funding of EPO's joint venture,
Liberian Palm Developments Limited ("LPD"), which may or may not
lead to an offer of funding for LPD and which may or may not
include an offer for all or part of the Company.
In accordance with Rule 2.6(a) of the Takeover Code ("the
Code"), KLK was required, by 5.00 p.m. on 12 November 2013 (the
"relevant deadline"), to either announce a firm intention to make
an offer for Equatorial Palm Oil PLC, under Rule 2.7 of the Code,
or announce that it does not intend to make an offer for EPO.
In accordance with Rule 2.6(c) of the Code, at the request of
the Board of the Company, the Panel on Takeovers & Mergers has
consented to an extension of the relevant deadline, until 5.00 p.m.
on 12 December 2013 to enable the parties to progress their ongoing
discussions. There can be no certainty that at the end of this
period any offer for EPO will be made.
Further announcements will be made as appropriate.
Enquiries:
Equatorial Palm Oil PLC
Michael Frayne (Executive Chairman) +44 (0) 20 7493
www.epoil.co.uk 7671
Strand Hanson Limited (Financial Adviser) +44 (0) 20 7409
James Harris / Andrew Emmott 3494
Mirabaud Securities LLP (Broker) +44 (0) 20 7484
Peter Krens 3510
Strand Hanson Limited, which is authorised and regulated in the
United Kingdom by the Financial Conduct Authority, is acting
exclusively for EPO and no one else in connection with the possible
offer and will not be responsible to anyone other than EPO for
providing the protections afforded to clients of Strand Hanson
Limited or for providing advice in relation to the possible offer
or any other matter referred to herein.
Website disclosure
In accordance with Rule 30.4 of the Code, a copy of this
announcement will be available on EPO's website at www.epoil.co.uk
by no later than 12 noon on 12 November 2013.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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