Equatorial Palm Oil plc First Shipment from Port of Buchanan (8048M)

TIDMPAL

RNS Number : 8048M

Equatorial Palm Oil plc

18 September 2019

18 September 2019

EQUATORIAL PALM OIL plc

("EPO" or the "Company")

First Shipment from Port of Buchanan

Equatorial Palm Oil plc (AIM: PAL), the AIM listed palm oil development and production company with operations in Liberia, West Africa, confirms the first export shipment of crude palm oil ("CPO") from the port of Buchanan.

On 20 August 2019, the Company announced that one of the customers of its operating subsidiary (Libinc Oil Palm Inc.) at Palm Bay estate had confirmed the purchase of 2,700 MT of CPO, which was to be collected by parcel tanker ship from the port of Buchanan.

The Company is pleased to confirm that this shipment has now taken place and that the CPO was shipped to Doula in Cameroon.

All shipments to customers going forward are expected to be made by parcel tanker ship from the port of Buchanan, which, utilising the Company's 3,000 MT storage tank export facility, allows customers to purchase the Company's oil palm products in bulk for export.

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For further information, please visit www.epoil.co.uk or contact:

 
 Equatorial Palm Oil plc                        [phone] 
  Geoffrey Brown (Executive Director)            4874 
 
   Strand Hanson Limited (Nominated Adviser)      [phone] 
   James Harris / James Bellman                   3494 
 
   Mirabaud Securities Limited (Broker)           [phone] 
   Peter Krens                                    3510 
 
 

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 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 and 50:50 joint venture partner in LPD is 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.

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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September 18, 2019 05:45 ET (09:45 GMT)