Offer Update

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[{"type":"text","content":"\n \n \n Offer Update\n \n \n\n \n Kuala Lumpur Kepong Berhad\n \n \n\n \n \n \n 23 December 2013\n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, \n DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO \n WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH \n JURISDICTION\n \n \n KL-Kepong International Limited (“KLKI”)\n \n \n Mandatory Cash Offer for Equatorial Palm Oil plc (\"Equatorial \n Palm Oil\")\n \n \n CLOSING OF OFFER\n \n \n On 29 November 2013, KLKI, a wholly-owned subsidiary of Kuala Lumpur \n Kepong Berhad (“KLK”), announced the terms of a Mandatory Cash Offer to \n be made by KLKI to acquire the entire issued and to be issued share \n capital of Equatorial Palm Oil not already owned by KLKI (the \"Offer\"). \n The full terms of the Offer and the procedures for acceptance were set \n out in the offer document (\"the Offer Document\").\n \n \n Level of acceptances\n \n \n As at 1:00 pm (London time) on 20 December 2013, KLKI had received valid \n acceptances in all respects of 29,788,330 EPO Shares representing 8.40 \n per cent. of the issued share capital of Equatorial Palm Oil.\n \n \n In addition, KLKI had received valid acceptances but without or with \n insufficient cover of 146,099 EPO Shares representing 0.04 per cent. of \n the issued share capital of Equatorial Palm Oil. These will be accepted \n if sufficient cover is provided.\n \n \n No acceptances have been received from any person acting in concert with \n KLKI nor were any EPO Shares subject to an irrevocable undertaking or \n letter of intent to accept the Offer.\n \n \n Including valid acceptances in all respects, KLKI owns 223,866,969 EPO \n Shares representing 63.18 per cent. of the issued share capital of \n Equatorial Palm Oil.\n \n \n Offer closing\n \n \n As set out in the Offer Document, the Offer was unconditional in all \n respects from the outset. As further described in the Offer Document, \n given that KLKI by virtue of its shareholdings and acceptances of the \n Offer has not acquired or agreed to acquire at least 75 per cent. of the \n issued share capital of Equatorial Palm Oil, the Offer has not been \n extended and closed at 1.00 pm on 20 December 2013.\n \n \n KLKI intends to maintain Equatorial Palm Oil’s admission to trading on \n AIM.\n \n \n Settleme...

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