Business
Statement re Share Price Movement
Statement re Share Price Movement.
About this update from Capital Metals Plc
[{"type":"text","content":"\n \nRNS Number : 6192Q Equatorial Palm Oil plc 16 October 2013 \n \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION\n \n15 October 2013\n \nEquatorial Palm Oil PLC\n(\"EPO\" or the \"Company\")\n \nStatement re Share Price Movement\n \nEquatorial Palm Oil PLC (AIM: PAL.L) notes the recent rise in the Company's share price and can confirm that it is in early stage discussions with Kuala Lumpur Kepong Berhad (\"KLK\") regarding the funding of EPO's joint venture, Liberian Palm Developments Limited (\"LPD\"), which may or may not lead to an offer of funding for LPD and which may or may not include an offer for all or part of the Company. LPD is a joint venture with Biopalm Energy Limited (\"Biopalm\"). \n \nThe board of EPO would like to emphasise that these discussions are still openand there can be no certainty that any offer for EPO will be made, nor as to the terms of any such offer should one be forthcoming, nor can there be any certainty that any funding will be provided by KLK as a result of these discussions. This announcement does not amount to a firm intention to make an offer under Rule 2.7 of the City Code on Takeovers and Mergers (the \"Code\").\n \nIn accordance with Rule 2.6(a) of the Code, KLK must, by not later than 5.00 p.m. on 12 November 2013, being the 28th day following the date of this announcement, either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Takeover Panel, in accordance with Rule 2.6(c) of the Code. \n \nPursuant to Rule 2.10 of the Code the Company confirms that there are 200,509,854 ordinary shares of 1p in issue with International Securities Identification Number GB00B2QBNL29. \n \nAs a consequence of this announcement, an 'Offer Period' has now commenced in respect of the Company in accordance with the rules of the Code and the attention of shareholders is drawn to the disclosure requirements of R...