Exercise of Options

RNS Number : 0045F

Asian Plantations Limited

17 May 2013

 



17 May 2013

Asian Plantations Limited

("APL" or the "Company")

Exercise of Options

Asian Plantations Limited (LSE: PALM), a palm oil plantation company with operations in Malaysia, announces that options over 250,000 ordinary shares each of no par value in the Company ("Ordinary Shares") have been exercised by Dennis Melka, Joint Chief Executive Officer (the "Option Exercise").

Following the Option Exercise, Dennis Melka owns 2,351,001 Ordinary Shares, representing 5.03 per cent of the Company's enlarged issued Ordinary Share capital.

Application has been made for 250,000 new Ordinary Shares to be admitted to trading on AIM, which is expected to occur on 23 May 2013.

The Company's total ordinary share capital following the admission of the new Ordinary Shares will be 46,761,134 Ordinary Shares.

For further information contact:

Asian Plantations Limited Graeme Brown, Joint Chief Executive Officer Dennis Melka, Joint Chief Executive Officer	Tel:  [phone]
Strand Hanson Limited James Harris James Spinney	Tel: [phone]
Panmure Gordon (UK) Limited Tom Nicholson Callum Stewart	Tel: [phone] Tel: [phone]
Macquarie Capital (Europe) Limited Steve Baldwin Dan Iacopetti	Tel: [phone]
Bankside Consultants Simon Rothschild	Tel: [phone]

 

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