Director's Dealing

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.

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For further information, please visit www.epoil.co.uk or contact:

Equatorial Palm Oil plc Geoffrey Brown (Executive Director)	[phone]
Strand Hanson Limited (Nominated Adviser) James Harris / Andrew Emmott / James Bellman	[phone]

Mirabaud Securities LLP (Broker) Peter Krens

[phone]

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.

 

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