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Investor subscription update
Investor subscription update.
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[{"type":"text","content":"\n RNS Number : 6570R Equatorial Palm Oil plc 26 August 2010 \n\nEquatorial Palm Oil plc / Index: AIM / Epic: PAL / Sector: Food Producers\n26 August 2010\nEquatorial Palm Oil plc ('EPO' or 'the Company')\nInvestor subscription update\n \nEquatorial Palm Oil plc, the AIM listed Liberian focussed sustainable oil palm plantation developer, announces that the due date for the first part of the second tranche of subscription shares under the Investor Subscription Letter (the 'ISL', as described in the Company's AIM Admission Document dated 26 February 2010) has been deferred for six months. The six month deferral, effective from 26 August 2010, is for the subscription of 1,500,000 new Ordinary Shares in EPO at a price of 17.5p per share. The consideration for deferral is the cancellation of 2,014,285 warrants attached to the ISL.\n \n* * ENDS * *\n \n For further information please visit www.epoil.co.uk, or contact: \n\n\n\n\nMichael Frayne\n\n\nEquatorial Palm Oil plc\n\n\nTel: 020 7766 7555\n\n\n\n\nPeter Krens\n\n\nMirabaud Securities LLP\n\n\nTel: 020 7484 3510\n\n\n\n\nPascal Keane\n\n\nShore Capital & Corporate Limited\n\n\nTel: 020 7408 4090\n\n\n\n\nEdward Mansfield\n\n\nShore Capital & Corporate Limited\n\n\nTel: 020 7408 4090\n\n\n\n\nHugo de Salis\n\n\nSt Brides Media & Finance Ltd\n\n\nTel: 020 7236 1177\n\n\n\n\nElisabeth Cowell\n\n\nSt Brides Media & Finance Ltd\n\n\nTel: 020 7236 1177\n\n\n\n\n \nNotes to editors:\n \nAbout Equatorial Palm Oil\nEPO's objective is to become a producer of sustainable, low-cost CPO and to this end it has extensive operations located near the coast in Liberia, West Africa. The Company's operational strategy is expected to be implemented through three core business activities: the rehabilitation of existing oil palm plantations; the development of new plantations; and the development of out-grower small holdings. The Company has secured Government ratified Investment Agreements in Liberia for the investment, rehabilitation and participation by the Group over a sizeable acreage of existing oil palm plantations. EPO's operations have already commenced at the Butaw Plantation and Palm Bay Plantation.\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchang...