Result of AGM

RNS Number : 4906J

Equatorial Palm Oil plc

30 June 2011

 



30 June 2011

Equatorial Palm Oil Plc

("EPO" or the "Company")

Results of AGM

Equatorial Palm Oil plc, (AIM: PAL), the AIM listed palm oil development company with operations in Liberia, is pleased to announce that all the resolutions proposed to shareholders at the Company's AGM held today, 30 June 2011, were duly passed.

Enquiries:

Equatorial Palm Oil plc Michael Frayne, Chairman	[phone]
Shore Capital & Corporate Ltd. NOMAD and Joint Broker Pascal Keane Edward Mansfield	[phone]
Mirabaud Securities LLP Joint Broker Peter Krens	[phone]
Pelham Bell Pottinger Financial  / Corporate PR Charles Vivian	[phone]

Notes to Editors:

Information on Equatorial Palm Oil Ltd.

The Company's objective is to become a global, sustainable, low cost producer of crude palm oil.

The Company is developing a low-cost CPO production-base sourced from its initial land bank. The Group has acquired oil palm mills to process the Fresh Fruit Bunches ('FFB') harvested from the plantations in Crude Palm Oil ('CPO') and other related products. The CPO produced is initially intended for sale into the local Liberian and West African markets where it is a key staple food. West Africa is currently a significant net importer of CPO. The longer term objective is to develop sufficient scale in its production and processing of CPO in order to widen exports to a broader international market including Europe, where the company will benefit from geographical advantage in freight costs and increasing demand for a sustainable product.

 

END

 

 

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