Offer for Equatorial Palm Oil plc - Replacement

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[{"type":"text","content":"\n \n \n Offer for Equatorial Palm Oil plc - Replacement\n \n \n\n \n Kuala Lumpur Kepong Berhad\n \n \n\n \n \n \n The issuer advises that the following replaces the 'KL-Kepong \n International Limited Offer for Equatorial Palm Oil plc' announcement \n released at 9.03am GMT today.\n \n \n The correct ISIN and Ticker have now been included for linking purposes.\n \n \n All other details remain unchanged.\n \n \n The full corrected version is shown below.\n \n \n 29 November 2013\n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (DIRECTLY OR \n INDIRECTLY), IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE \n TO DO SO WOULD CONSTITUTE A VIOLATION OF ANY RELEVANT LAWS OF THAT \n JURISDICTION\n \n \n Mandatory Cash Offer\n \n \n By\n \n \n KL-Kepong International Limited (“KLKI”)\n \n \n a wholly owned subsidiary of Kuala Lumpur Kepong Berhad (“KLK”)\n \n \n for\n \n \n the entire issued ordinary share capital of\n \n \n Equatorial Palm Oil plc\n \n \n (“Equatorial Palm Oil” or “Company”)\n \n \n other than shares already held by KL-Kepong International Limited\n \n \n Summary\n \n \n \n KLKI, a wholly owned subsidiary of Kuala Lumpur Kepong Berhad, has \n today completed its subscription for 153,817,648 EPO Shares at 5 pence \n per share as announced on 26 November 2013. Pursuant to this \n subscription, KLKI has a 54.8 per cent. shareholding in Equatorial \n Palm Oil and a Mandatory Cash Offer is required to be extended to all \n other EPO Shareholders to acquire the entire issued and to be issued \n share capital of Equatorial Palm Oil at 5 pence per share.\n \n \n The Offer at 5 pence per share represents:\n \n \n \n \n a premium of 2.6 per cent. to the Closing Price of 4.875 pence per EPO \n Share on 15 October 2013 (being the last business day before the \n beginning of the Offer Period);\n \n \n a premium of 55.8 per cent. to the average Closing Price of 3.210 \n pence per EPO Share for the one month period prior before the \n commencement of the Offer Period; and\n \n \n a discount of 41.1 per cent to the average Closing Price of 8.484 \n pence per EPO Share for the one year period before the commencement of \n the Offer Period\n \n \n \n \n The Offer values the whole of Equatorial Palm Oil’s issued share \n capital at approximately £17.7 million.\n \n \n The EPO Directors believe that the O...

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