Exercise of Warrants

RNS Number : 3631F

Equatorial Palm Oil plc

23 April 2014

 



23 April 2014

EQUATORIAL PALM OIL plc

("EPO" or the "Company")

Exercise of Warrants

Equatorial Palm Oil plc, (AIM: PAL), the AIM listed palm oil development and production company with operations in Liberia, West Africa announces that it has today issued 1,950,000 new ordinary shares of 1p each in the Company ("Ordinary Shares") pursuant to the exercise of warrants at a price of 8 pence per Ordinary Share.

Application has been made for the new Ordinary Shares to be admitted to AIM and dealings in the new Ordinary Shares are expected to commence on 29 April 2014.

The enlarged issued share capital of the Company following the issue of the new 1,950,000 new Ordinary Shares will be 356,277,502 Ordinary Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

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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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