Equatorial Palm Oil plc Result of GM and Update re Disposal (4137P)
09 Junio 2020 - 05:30AM
UK Regulatory
TIDMPAL
RNS Number : 4137P
Equatorial Palm Oil plc
09 June 2020
9 June 2020
EQUATORIAL PALM OIL plc
("EPO" or the "Company")
Result of GM and Update re Disposal
Equatorial Palm Oil plc (AIM: PAL) announces, further to its
announcement of 18 May 2020, that the resolution proposed at its
General Meeting ("GM") held earlier today, as set out in the notice
of meeting dated 18 May 2020, was duly approved by shareholders.
Accordingly, the proposed disposal by the Company's wholly owned
subsidiary, Equatorial Biofuels (Guernsey) Limited ("Equatorial
Biofuels"), of its 50 per cent. interest in Liberian Palm
Developments Limited ("LPD") to Kuala Lumpur Kepong Berhad ("KLK")
has now been approved by shareholders pursuant to Rule 15 of the
AIM Rules for Companies (the "Disposal").
There are now no outstanding conditions precedent to completion
of the Disposal save for the completion of final procedural
documentation, which is expected to be completed in the coming
days. A further announcement will be released in due course to
confirm completion of the Disposal, upon which the Company will be
deemed an AIM Rule 15 cash shell as defined in the AIM Rules for
Companies.
For further information, please visit www.epoil.co.uk or
contact:
Equatorial Palm Oil plc +44 (0) 20 7268
Michael Frayne (Executive Chairman) 4874
Strand Hanson Limited (Nominated Adviser) +44 (0) 20 7409
James Harris / James Bellman 3494
Mirabaud Securities Limited (Broker) +44 (0) 20 7484
Peter Krens 3510
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ROMFLFIIRAIAIII
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June 09, 2020 06:30 ET (10:30 GMT)
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