Formal Sale Process

RNS Number : 0038D

Asian Plantations Limited

24 March 2014

 

24 March 2014

Asian Plantations Ltd

("Asian Plantations" or the "Company")

Formal Sale Process

Further to the announcement of 3 March 2014, Asian Plantations Limited (LSE: PALM), the AIM-listed palm oil plantation company with operations in Malaysia covering some 24,622 Ha, announces that it has engaged Strand Hanson Limited to act as sole financial adviser to conduct a formal sale process to seek buyers for the Company.

Asian Plantations remains in discussions with a number of parties which might or might not lead to a sale of its entire issued 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, Joint Chief Executive Officer Dennis Melka, Joint Chief Executive Officer	Tel:          [phone]
Strand Hanson Limited London: Simon Raggett James Harris James Spinney Singapore: Mark Greaves	Tel: [phone]     Tel:           [phone]
Macquarie Capital (Europe) Limited Steve Baldwin	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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