The original announcement referred to the US$10 million Term Loan made on 5 October 2012. It should have stated that the Term Loan was made on 5 October 2011. The correct announcement is set out below.
12 April 2012
EQUATORIAL PALM OIL plc
("EPO" or the "Company")
Repayment of US$10 million Term Loan
Equatorial Palm Oil plc, (AIM: PAL), the AIM listed palm oil development company with operations in Liberia, announces that, further to the Company's announcement on 6 October 2011 and in accordance with its original terms, the US$10 million loan ("the Loan") made on 5 October 2011 by EPO's subsidiary, Liberian Palm Developments Limited ("LPD"), to Geoff Palm Limited, has been repaid in full. LPD has also received accrued interest of USD$250,684.93 and the arrangement fee of USD$100,000.
Following the repayment of the Loan, accrued interest and arrangement fee, no further liabilities or obligations exist between the parties to the loan agreement.
For further information, please contact:
|
Equatorial Palm Oil plc Michael Frayne (Chairman) |
+44 (0) 20 7766 7555 |
|
Strand Hanson Limited (Nominated Adviser) James Harris / Paul Cocker |
+44 (0) 20 7409 3494 |
|
Mirabaud Securities LLP (Broker) Peter Krens |
+44 (0) 20 7484 3510 |
|
Pelham Bell Pottinger (Financial/ Corporate PR) Archie Berens / Philippe Polman |
+44 (0) 20 7861 3126 |
This information is provided by RNS