Repayment of Term Loan

RNS Number : 2258B

Equatorial Palm Oil plc

12 April 2012

 



12 April 2012

EQUATORIAL PALM OIL plc

("EPO" or the "Company")

Repayment of US$10 million Term Loan

Equatorial Palm Oil plc, (AIM: PAL), the AIM listed palm oil development company with operations in Liberia, announces that, further to the Company's announcement on 6 October 2011 and in accordance with its original terms, the US$10 million loan ("the Loan") made on 5 October 2012 by EPO's subsidiary, Liberian Palm Developments Limited ("LPD"), to Geoff Palm Limited, has been repaid in full. LPD has also received accrued interest of USD$250,684.93 and the arrangement fee of USD$100,000.

Following the repayment of the Loan, accrued interest and arrangement fee, no further liabilities or obligations exist between the parties to the loan agreement.

For further information, please contact:

Equatorial Palm Oil plc Michael Frayne (Chairman) www.epoil.co.uk	[phone]
Strand Hanson Limited (Nominated Adviser) James Harris / Paul Cocker	[phone]

Mirabaud Securities LLP (Broker) Peter Krens	[phone]
Pelham Bell Pottinger (Financial/ Corporate PR) Archie Berens / Philippe Polman	[phone]

 

END

 

 

MSCUUAARUWASAAR