Date Posted: 2010-02-15 11:28 New Issue: Equatorial Palm Oil plc ( "EPO" or "the Company") Equatorial Palm Oil plc was founded in 2005 and is focused on becoming a sustainable, low-cost producer of crude palm oil. EPOfs operations are located near the coast in Liberia, which is located in West Africa. The Company has entered into two 50-year Government ratified Investment Agreements (the Butaw Investment Agreement and the Palm Bay Investment Agreement) for the investment, rehabilitation and participation by the Company over a sizeable acreage of existing palm oil plantations (10,200 hectares) and a further 78,548 hectares of agricultural land. In addition, the Company has entered into a Memorandum of Intent to establish a joint venture to develop palm oil plantations over at least a further 80,000 hectares of palm oil plantations in Liberia. The Companyfs operational strategy is expected to be implemented through three core business activities:
othe rehabilitation of existing plantations; othe development of new plantations; and othe development of Out-grower plantations. The Companyfs operations have already commenced at the Butaw Plantation and Palm Bay Plantation.
Listing exchange: AIM
Expected first day of trading: 2010-02-26
Expected money raised: TBC Any information, prospectus or other document, or any hypertext link to any of the aforesaid should not be construed as advice on investments or a personal recommendation by ALL IPO plc and is being offered on an execution-only basis. Any decision to invest should be made only after careful consideration of the relevant documentation and particularly after acceptance of the full terms and conditions relating to the specific investment opportunity. Share prices, values and income can go down as well as up and you may get back less than the amount you invested. If in doubt about the suitability of investments referred to in this communication and on our website, you should consult an investment adviser authorised under the Financial Services and Markets Act 2000. |
