Equatorial Palm Oil plc Board Changes
RNS Number : 8776X
Equatorial Palm Oil plc
03 September 2020
3 September 2020
EQUATORIAL PALM OIL plc
("EPO" or the "Company")
Equatorial Palm Oil plc (AIM: PAL), the Rule 15 company,
announces the appointment of Mr Teh Kwan Wey as a Non-Executive
Director with immediate effect. Mr Patrick Kee Chuan Peng and Ms
Yap Miow Kien have left the board.
Mr Teh Kwan Wey is a Malaysian National and graduated with a
Masters of Engineering, in Chemical Engineering from Imperial
College London in 2006. After graduating, Kwan Wey remained in the
UK and worked in investment banking before returning to Malaysia to
join Kuala Lumpur Kepong Berhad ("KLK") in 2009. He is currently
the General Manager (Corporate) of KLK and holds multiple corporate
related responsibilities within the Company. Kwan Wey is also a
director of many of KLK's subsidiaries. KLK is the majority
shareholder in the Company.
Michael Frayne, Executive Chairman of EPO, commented:
"We are delighted that Kwan Wey has agreed to join the Board of
EPO. Kwan Wey has been at KLK since 2009 and works as General
Manager in KLK's corporate finance department. His guidance,
experience and input will be extremely valuable for the Company,
especially as EPO is now a Rule 15 company.
I would like to take this opportunity to thank Mr Kee and Ms Yap
for their valuable contribution to the Company since their
respective appointments as directors in 2019 and 2014."
Additional disclosure information
Save for the information in this announcement, there are no
further disclosures to be made in accordance with Schedule Two (g)
of the AIM Rules for Companies in respect of the appointment of Mr
Teh Kwan Wey.
In addition to his appointment to the Board, Mr Teh Kwan Wey,
aged 38, holds or has held the following directorships or
partnerships in the past five years:
Current Directorships: Previous Directorships:
Agro Putra Pte Ltd KLK Premier Oils Sdn. Bhd.
(Director) (Alternate Director)
Caruso Australia Ventures KLK Premier Oils Sdn. Bhd.
Caruso Epping Pty Ltd
Caruso Greenvale Pty Ltd
FKW Global Commodities (Pvt)
KL-Kepong Rubber Products
Malaysia Pakistan Venture
MAPAK Edible Oils (Private)
MAPAK Qasim Bulkers (Pte)
MEO Trading Sdn. Bhd.
Riverlee Caruso Epping Pty
Stolthaven (Westport) Sdn.
Taiko Plantations Pte Ltd
Tecsun Sdn Bhd
Vivaldi Victoria Pty Ltd
Mr Teh Kwan Wey d oes not have any direct and indirect interest
in the issued share capital of the Company.
- END -
For further information, please visit www.epoil.co.uk or
Equatorial Palm Oil plc
Michael Frayne (Executive Chairman) +44 (0) 20 7268 4874
SPARK Advisory Partners (Nominated
Neil Baldwin +44 (0) 20 3368 3554
Mirabaud Securities Limited
Peter Krens +44 (0) 20 7484 3510
Brandon Hill Capital Limited
Jonathan Evans/Oliver Stansfield +44 (0) 20 3463 5000
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.
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(END) Dow Jones Newswires
September 03, 2020 02:00 ET (06:00 GMT)