Business
Final Results and Notice of AGM
Final Results and Notice of AGM.
About this update from Panther Metals Plc
[{"type":"text","content":"\n \nRNS Number : 5821D Asian Plantations Limited 30 April 2013 \n \n\n \n30 April 2013\n \nAsian Plantations Ltd\n(\"APL\" or the \"Company\")\n \nFinal Results for the year ended 31 December 2012\n & Notice of Annual General Meeting\n \nAsian Plantations Limited (LSE: PALM), a palm oil plantation company with operations in Malaysia, is pleased to announce its audited results for the year ended 31 December 2012.\nHighlights\n§ Approximately 13,627 hectares of land planted as at year-end, with a further 157 hectares being used for the mill site, seedling nurseries, staff housing, quarry and related infrastructure works. \n \n§ Milling complex completed and fully operational. Significant third party fresh fruit bunches (\"FFB\") contracts have been secured for processing into crude palm oil.\n \n§ US$2,820,000 of revenue reported (2011: US$578,000), an increase of 388%, based on production and sale of 17,838 tonnes of fresh fruit bunches (FFB). The Company expects to process over 200,000 tonnes of third-party and internally produced FFB in 2013.\n \n§ Announcement of an attractively priced green-field land acquisition to complement the Company's existing estates.\n \nPost-Balance Sheet Events\n§ Successful issuance of the second and final tranche of the RM255,000,000 bond programme.\n \n§ Successful issuance of a US$5,000,000 convertible bond, with an implied conversion price of 286 pence per share, to OCBC Bank.\n \nGraeme Brown, APL's Joint Chief Executive Officer, commented:\n\"We are pleased with the results for 2012 which culminated in the completion of our milling facilities. As an integrated palm oil estate, we are now looking forward to substantially increasing our in-house production of FFB and third party processing volumes.\"\nIn addition to its final results for 2012, the Company announces that the Annual General Meeting (\"AGM\") relating to its financial year ended 31 December 2012 will be held at The American Club at 10 Claymore Hill, Singapore 229573 on 14 June 2013 at 9:30 am (local time). The AGM notice has been published and is available for download from the Company's website at www.asianplantations.com.\n-END-\nFor further information contact:\n \n\n\n\n\nAsian Plantations Limited \nGraeme Brown, Co-Founder & Joint Chief Executive Offic...