Business
Posting of Circular
Posting of Circular.
About this update from Panther Metals Plc
[{"type":"text","content":"\n \nRNS Number : 6758S Asian Plantations Limited 26 September 2014 \n \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS IN THAT JURISDICTION\n \n \n26 September 2014\n \nAsian Plantations Limited\n(\"Asian Plantations\" or the \"Company\")\n \nPosting of Circular\n \nAsian Plantations Limited (LSE: PALM), a palm oil company with operations in Malaysia, is today posting a circular to Shareholders, Option Holders and Note Holders in relation to the voluntary conditional cash offer by Merrill Lynch (Singapore) Pte. Ltd. for and on behalf of FELDA Global Ventures Holdings Berhad (the \"Circular\"). \nThe Circular includes, inter alia, a letter from the Board (the \"Letter\") setting out their recommendation in relation to the Offer, the Options Proposal and the Notes Offer and the advice of MS Corporate Finance Pte. Ltd. (\"MSCF\"), the independent financial adviser to the Directors of the Company. \nThe Directors, having carefully considered the terms of the Offer, the Options Proposal and the Notes Offer in conjunction with the advice given by MSCF, provide the following recommendations:\n \nOffer: The Directors recommend that Shareholders accept the Offer\nOptions Proposal: The Directors recommend that Option Holders accept the Options Proposal\nNotes Offer: The Directors recommend the Note Holders reject the Notes Offer\n \nA copy of the Letter is provided below, however the Board recommends that all Shareholders, Option Holders and Note Holders read the contents of the Circular in full and seek professional advice if in any doubt as to its contents or the action they should take. \nThe Circular is available on the Company's website at www.asianplantations.com.\n \nDefined terms used in this announcement shall have the same meanings set out in the Circular.\n&nbs...