Update on Formal Sale Process

RNS Number : 3339I

Asian Plantations Limited

29 May 2014

 



29 May 2014

Asian Plantations Ltd

("Asian Plantations" or the "Company")

Update on Formal Sale Process

Further to the announcement of 28 April 2014 in accordance with its obligations under the Singapore Code on Takeovers and Mergers, Asian Plantations Limited (LSE: PALM), the AIM-listed palm oil plantation company with operations in Malaysia covering some 24,622 Ha, announces that it remains in discussions with several 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.

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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