Appointment of Independent Financial Adviser

RNS Number : 9466Q

Asian Plantations Limited

05 September 2014

 



5 September 2014

ASIAN PLANTATIONS LIMITED

("Asian Plantations" or the "Company")

(Incorporated in the Republic of Singapore)

(Company Registration Number: 200919551D)

Appointment of Independent Financial Adviser

Further to the announcement of 29 August 2014, which set out the terms of the Offer (the "Offer Announcement"), the Board has, on 4 September 2014, appointed MS Corporate Finance Pte. Ltd as independent financial adviser (the "IFA") to advise Tan Sri Leo Moggie, the sole director of the Company considered to be independent for the purposes of the Offer (the "Independent Director").

A circular containing, inter alia, the advice of the IFA and the recommendation of the Independent Director in respect of the Offer, the Options Proposal and the Notes Offer will be sent to Shareholders, Option Holders and Note Holders, within 14 days from the date of dispatch of the Offer Document to be issued by the Offeror.

In the meantime, Shareholders, Option Holders and Note Holders, are advised to exercise caution when dealing in their Ordinary Shares and/or Options and/or Notes (as the case may be) or otherwise refrain from taking any action in relation to their Ordinary Shares and/or Options and/or Notes (as the case may be), which may be prejudicial to their interests, until they or their professional advisers have considered the information and the recommendations of the Independent Director as well as the advice of the IFA set out in Offeree Circular to be issued by the Company in due course.

Shareholders, Option Holders and Note Holders, who are in doubt as to the action they should take should consult their stockbroker, bank manager, solicitor or other professional advisers.

Directors' Responsibility Statement

The directors of the Company (including those who may have delegated detailed supervision of this announcement) have taken all reasonable care to ensure that the facts stated and opinions expressed in this announcement are fair and accurate and that there are no other material facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

Where any information has been extracted or reproduced from published or otherwise publicly available sources (including, without limitation, the Offer Announcement), the sole responsibility of the directors of the Company has been to ensure, through reasonable enquiries, that such information is accurately extracted from such sources or, as the case may be, accurately reflected or reproduced in this announcement.

The directors of the Company jointly and severally accept full responsibility accordingly.

Unless otherwise defined, capitalised terms in this Announcement shall bear the same meaning as set out in the Offer Announcement.

**ENDS**

For further information, please contact:

Asian Plantations Limited Graeme Brown, Joint Chief Executive Officer Dennis Melka, Joint Chief Executive Officer	Tel: [phone]
Strand Hanson Limited James Harris James Spinney James Bellman Mark Greaves (Singapore)	Tel: [phone] Tel: [phone]
Macquarie Capital (Europe) Limited Steve Baldwin	Tel: [phone]
Panmure Gordon (UK) Limited Charles Leigh-Pemberton Tom Nicholson	Tel: [phone] Tel: [phone]

 

END

 

 

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