TIDMPALM

RNS Number : 0038D

Asian Plantations Limited

24 March 2014

24 March 2014

Asian Plantations Ltd

("Asian Plantations" or the "Company")

Formal Sale Process

Further to the announcement of 3 March 2014, Asian Plantations Limited (LSE: PALM), the AIM-listed palm oil plantation company with operations in Malaysia covering some 24,622 Ha, announces that it has engaged Strand Hanson Limited to act as sole financial adviser to conduct a formal sale process to seek buyers for the Company.

Asian Plantations remains in discussions with a number of 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.

Asian Plantations is subject to the Singapore Code on Takeovers and Mergers.

Further announcements will be made in due course.

-ENDS-

For further information, please contact:

 
 Asian Plantations Limited 
  Graeme Brown, Joint Chief Executive     Tel: +65 6325 
  Officer                                          0970 
  Dennis Melka, Joint Chief Executive 
  Officer 
 Strand Hanson Limited 
  London:                                  Tel: +44 (0) 
  Simon Raggett                            20 7409 3494 
  James Harris 
  James Spinney 
 
  Singapore: 
  Mark Greaves 
                                          Tel: +65 9670 
                                                   7921 
 Macquarie Capital (Europe) 
  Limited                                  Tel: +44 (0) 
  Steve Baldwin                            203 037 2000 
 Panmure Gordon (UK) Limited 
  Tom Nicholson                           Tel: +65 6824 
  Callum Stewart                                   8204 
                                           Tel: +44 (0) 
                                           20 7886 2500 
 Bankside Consultants 
  Simon Rothschild                         Tel: +44 (0) 
                                           20 7367 8871

This information is provided by RNS

The company news service from the London Stock Exchange

END

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