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.

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June 09, 2020 06:30 ET (10:30 GMT)