Response to Press Speculation

RNS Number : 3219B

Asian Plantations Limited

03 March 2014

 



3 March 2014

Asian Plantations Ltd

("Asian Plantations" or the "Company")

Response to Press Speculation

Asian Plantations Limited (LSE: PALM), a palm oil plantation company with operations in Malaysia, notes the comments which appeared in The  Star newspaper in Malaysia on Saturday 1 March 2014 and which suggested that the Company is in discussions with FELDA Global Ventures Holdings Bhd ("FGV") to dispose of all, or part of, its issued share capital to FGV.

The Company confirms that it is in discussions with a number of parties which might lead to a sale of its entire share capital, however there can be no certainty as to the outcome of these discussions or whether an offer will be made.

Asian Plantations is subject to the Singapore Code on Takeovers and Mergers.

Further announcements will be made in due course.

-ENDS-

For further information, please contact:

Asian Plantations Limited Graeme Brown, Co-Founder & Joint Chief Executive Officer Dennis Melka, Co-Founder & Joint Chief Executive Officer	Tel:          [phone]
Strand Hanson Limited James Harris James Spinney	Tel: [phone]
Macquarie Capital (Europe) Limited Steve Baldwin Dan Iacopetti	Tel: [phone]
Panmure Gordon (UK) Limited Tom Nicholson Callum Stewart	Tel:          [phone] Tel: [phone]
Bankside Consultants Simon Rothschild	Tel: [phone]

 

END

 

 

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