Holdings in Company

RNS Number : 8463R

Equatorial Palm Oil plc

22 November 2012

 



22 November 2012

EQUATORIAL PALM OIL PLC

("EPO" or the "Company")

Holdings in Company

EPO plc (AIM: PAL), the AIM listed palm oil development company with operations in Liberia, announces that it has today received notification from Praetorian Resources Limited ("Praetorian") that it purchased 2,120,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") between 25 September 2012 and 16 November 2012.

On 9 July 2012, the Company announced that a share exchange agreement had been entered into between certain shareholders in the Company and Praetorian. EPO has also been notified today by Praetorian that 850,000 Ordinary Shares due to be transferred to it under such agreement were not in fact transferred.

Accordingly, Praetorian is now interested, in aggregate, in 11,402,950 Ordinary Shares, representing approximately 8.89 per cent. of the Company's issued share capital.

For further information, please contact:

Equatorial Palm Oil plc Michael Frayne (Chairman) www.epoil.co.uk	[phone]
Strand Hanson Limited (Nominated Adviser) James Harris / David Altberg / James Bellman	[phone]

Mirabaud Securities LLP (Broker) Peter Krens	[phone]
Pelham Bell Pottinger (Financial/ Corporate PR) Archie Berens / Joanna Boon	[phone]

 

END

 

 

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