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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Equatorial Palm Oil Plc | LSE:PAL | London | Ordinary Share | GB00BMF75608 | ORD 0.2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 20.00 | 19.50 | 21.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPAL
RNS Number : 7539E
Equatorial Palm Oil plc
10 May 2017
10 May 2017
EQUATORIAL PALM OIL plc
("EPO" or the "Company")
Appointment of Director
Equatorial Palm Oil plc, (AIM: PAL), the AIM listed palm oil development and production company with operations in Liberia, West Africa announces the appointment of Mr Lee Guo Zhang as a Non-Executive Director with immediate effect. Mr Lee Guo Zhang joined Kuala Lumpur Kepong Berhad ("KLK") in 2010 as an executive. He has experience across various departments in KLK and was promoted to his current position as a Senior Manager in the Plantations Division in 2015.
Michael Frayne, Non-Executive Chairman of EPO, commented:
"We are delighted that Guo Zhang has agreed to join the Board of EPO. Guo Zhang has been involved in EPOs business in Liberia since KLK invested into EPO in late 2013. His guidance and input will be extremely valuable for the Company, especially as we draw nearer to completion of the first stage of our new 60 metric tonne per hour palm oil mill at Palm Bay estate and production in 2018."
Mr Lee Guo Zhang, aged 29
Mr Lee Guo Zhang graduated with a Bachelor Degree in Medicinal & Biological Chemistry from the University of Nottingham in 2009.
Current directorships Past directorships within the last 5 years Bornion Estate Sdn. Bhd. N/A Malay Rubber Plantations (Malaysia) Sdn. Bhd. P.T. Safari Riau P.T. Agro Makmur Abadi
Lee Guo Zhang holds 17,000,000 ordinary shares of 1 penny each in the Company representing approximately 4.77 per cent. of the Company's issued share capital.
There is no further information required to be disclosed pursuant to Schedule 2(g) of the AIM Rules.
- END -
For further information, please visit www.epoil.co.uk or contact:
Equatorial Palm Oil plc +44 (0) 20 7016 Geoffrey Brown (Executive Director) 9885 Strand Hanson Limited (Nominated Adviser) +44 (0) 20 7409 James Harris / James Bellman 3494 Mirabaud Securities LLP (Broker) +44 (0) 20 7484 Peter Krens 3510
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.
Notes to editors:
Equatorial Palm Oil plc is an AIM listed crude palm oil developer and producer with palm oil estates in Liberia, West Africa. The Company was founded in 2005 and is focused on becoming a global, sustainable producer of high quality palm oil to regional and international markets.
With a significant land position in Liberia through its operating subsidiary Liberian Palm Developments Limited (LPD), the Company is geographically well positioned to serve the international and regional markets and is committed to making a positive impact on the communities in which it operates through investment in local schools, health clinics, housing and infrastructure.
The Company's largest shareholder in EPO and 50:50 joint venture partner in LPD is Kuala Lumpur Kepong Berhad ("KLK"). KLK is one of the largest palm oil producers in the world and the Company will greatly benefit from their many years of expertise in oil palm development.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
May 10, 2017 10:00 ET (14:00 GMT)
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