Update on Formal Sale Process

RNS Number : 6017F

Asian Plantations Limited

28 April 2014

 

25 April 2014

Asian Plantations Ltd

("Asian Plantations" or the "Company")

Update on Formal Sale Process

Further to the announcement of 24 March 2014 in accordance with its obligations under the Singapore Code on Takeovers and Mergers, Asian Plantations Limited (LSE: PALM), the AIM-listed palm oil plantation company with operations in Malaysia covering some 24,622 Ha, announces that it remains in discussions with several 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.

Further announcements will be made in due course.

-ENDS-

For further information, please contact:

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

 

END

 

 

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