TIDMPAL

RNS Number : 3515Y

Equatorial Palm Oil plc

08 September 2020

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EUREGULATION 596/2014 ("MAR"). UPON PUBLICATION OF THIS ANNOUNCEMENT, THIS INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

8 September 2020

EQUATORIAL PALM OIL plc

("EPO" or the "Company")

Result of GM

Equatorial Palm Oil plc (AIM: PAL), the Rule 15 cash shell, announces, further to its announcement on 20 August 2020 at its General Meeting ("GM") held earlier today the following resolutions were duly approved by shareholders:

   1.   The adoption of new articles of association;

2. The capital reorganisation - whereby each of the issued ordinary shares of 1 pence each in the capital of the Company was subdivided into one new ordinary share of 0.01 pence and one deferred share of 0.99 pence;

3. Granting the Directors authority to allot equity securities up to the maximum aggregate nominal amount of GBP50,000;

4. Empowering the Directors to allot equity securities for cash pursuant to the authority conferred by Resolution 3 up to an aggregate nominal amount of GBP50,000.

Accordingly, the Capital Reorganisation will become effective from 6.00p.m this evening, and the New Ordinary Shares arising from the Capital Reorganisation will be admitted to trading on AIM at 8:00am on 9 September 2020.

It is expected that the Placing Shares will be admitted to trading on AIM at 8:00am on 10 September 2020.

Capitalised terms in this announcement, unless otherwise defined, have the meaning given to them in the announcement dated 20 August 2020.

For further information, please visit www.epoil.co.uk or contact:

 
 Equatorial Palm Oil plc 
  Michael Frayne (Executive Chairman)               +44 (0) 20 7268 4874 
 SPARK Advisory Partners (Nominated 
  Adviser) 
  Neil Baldwin                                      +44 (0) 20 3368 3554 
 Mirabaud Securities Limited 
  (Joint Broker) 
  Peter Krens                                       +44 (0) 20 7484 3510 
 Brandon Hill Capital Limited 
  (Joint Broker) 
  Jonathan Evans/Oliver Stansfield                  +44 (0) 20 3463 5000

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END

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September 08, 2020 05:08 ET (09:08 GMT)

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