Holdings in Company / Directors dealings

 

TIDMPALM 
 
RNS Number : 2555V 
Asian Plantations Limited 
29 October 2010 
 

29 October 2010 
 
                            Asian Plantations Limited 
                            ("APL" or the "Company") 
 
                Holdings in the Company and Directors' Dealings 
 
Asian Plantations Limited (LSE: PALM), a palm oil plantation company with 
operations in Malaysia, has been notified that the KSC Closed-Ended Plantation 
Fund ("KSC") disposed of, on 29 October 2010, 2,239,000 ordinary shares of no 
par value in the Company ("Ordinary Shares"), representing approximately 6.7 per 
cent. of APL's issued ordinary share capital (the "Disposal"). 
 
Following the Disposal, KSC no longer holds a notifiable interest in the issued 
share capital of the Company. 
 
Concurrent with the Disposal: 
Dennis Melka and Graeme Brown, Joint Chief Executive Officers of the Company, 
each acquired 75,000 Ordinary Shares at a price of 125 pence per Ordinary Share, 
representing, in aggregate, 0.45 per cent. of the issued share capital of the 
Company.   Following this increase in holdings, Dennis Melka and Graeme Brown 
are now each beneficially interested in 2,101,001 Ordinary Shares, representing 
approximately 12.6 per cent. of the issued ordinary share capital of the 
Company, respectively. 
 
The Asian Agricultural Fund I ("AAF"), managed by Asian Agri Capital Limited, 
also acquired 160,000 Ordinary Shares, representing 0.48 per cent. of the issued 
share capital of the Company. Following this increase in holdings, AAF is now 
beneficially interested in 1,038,000 Ordinary Shares, representing 3.1 per cent. 
of the issued ordinary share capital of the Company. 
 
 
Dennis Melka, APL's Joint Chief Executive Officer, commented: 
 
"KSC was our original private equity investor in 2008, when the Company had less 
than 4,800 hectares of land, all of which was unplanted at the time.  We thank 
them for their support and partnership in growing the Company to its current 
position.  The Disposal has allowed the Company to significantly broaden its 
institutional investor base in the London market and we are pleased to welcome 
these new shareholders to the Company." 
 
 
For further information contact: 
 
+---------------------------------+---------------------------+ 
| Asian Plantations Limited       |                           | 
| Dennis Melka, Joint Chief       |                           | 
| Executive Officer               |       Tel:  [phone] | 
| Graeme Brown, Joint Chief       |                           | 
| Executive Officer               |     Tel:  [phone] | 
|                                 |                           | 
+---------------------------------+---------------------------+ 
| Strand Hanson Limited           |                           | 
| James Harris                    |  Tel: [phone] | 
| Paul Cocker                     |                           | 
| Liam Buswell                    |                           | 
|                                 |                           | 
+---------------------------------+---------------------------+ 
| Panmure Gordon (UK) Limited     |                           | 
| Tom Nicholson                   | Tel: [phone] | 
| Edward Farmer                   |                           | 
|                                 |                           | 
+---------------------------------+---------------------------+ 
| Bankside Consultants            |                           | 
| Simon Rothschild                |  Tel: [phone] | 
| Louise Mason                    |  Tel: [phone] | 
|                                 |                           | 
+---------------------------------+---------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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