Equatorial Palm Oil plc Director's Dealing (5847F)
April 25 2014 - 11:15AM
UK Regulatory
TIDMPAL
RNS Number : 5847F
Equatorial Palm Oil plc
25 April 2014
25 April 2014
EQUATORIAL PALM OIL plc
("EPO" or the "Company")
Director's Dealing
Equatorial Palm Oil plc, (AIM: PAL), the AIM listed palm oil
development and production company with operations in Liberia, West
Africa announces that Adelise Services Limited, in which EPO
Chairman Michael Frayne has a beneficial interest, purchased a
total of 100,000 ordinary shares of 1 pence in the Company
("Ordinary Shares") in the market on 22 April 2014, at a price of
10.25 pence per Ordinary Share.
Following the purchase of shares, Michael Frayne's beneficial
interest in the Company's shares is 2,165,000 ordinary shares,
representing 0.6 per cent. of the issued ordinary share capital and
total voting rights of the Company, and is also interested in
warrants to subscribe for 4,816,590 ordinary shares and options to
subscribe for 1,750,000 ordinary shares.
- END -
For further information, please visit www.epoil.co.uk or
contact:
Equatorial Palm Oil plc +44 (0) 20 7493
Geoffrey Brown (Executive Director) 7671
Strand Hanson Limited (Nominated Adviser) +44 (0) 20 7409
James Harris / Andrew Emmott / James Bellman 3494
Mirabaud Securities LLP (Broker) +44 (0) 20 7484
Peter Krens 3510
Notes to editors:
Equatorial Palm Oil plc is an AIM listed crude palm oil
developer and producer with palm oil estates in Liberia, West
Africa. The Company was founded in 2005 and is focused on becoming
a global, sustainable producer of high quality palm oil to regional
and international markets.
With a significant land position in Liberia through its
operating subsidiary Liberian Palm Developments Limited (LPD), the
Company is geographically well positioned to serve the
international and regional markets and is committed to making a
positive impact on the communities in which it operates through
investment in local schools, health clinics, housing and
infrastructure.
The Company's largest shareholder in EPO and 50:50 joint venture
partner in LPD is Kuala Lumpur Kepong Berhad ("KLK"). KLK is one of
the largest palm oil producers in the world and the Company will
greatly benefit from their many years of expertise in oil palm
development.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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