Equatorial Palm Oil plc Appointment of Director (7539E)
11 May 2017 - 12:00AM
UK Regulatory
TIDMPAL
RNS Number : 7539E
Equatorial Palm Oil plc
10 May 2017
10 May 2017
EQUATORIAL PALM OIL plc
("EPO" or the "Company")
Appointment of Director
Equatorial Palm Oil plc, (AIM: PAL), the AIM listed palm oil
development and production company with operations in Liberia, West
Africa announces the appointment of Mr Lee Guo Zhang as a
Non-Executive Director with immediate effect. Mr Lee Guo Zhang
joined Kuala Lumpur Kepong Berhad ("KLK") in 2010 as an executive.
He has experience across various departments in KLK and was
promoted to his current position as a Senior Manager in the
Plantations Division in 2015.
Michael Frayne, Non-Executive Chairman of EPO, commented:
"We are delighted that Guo Zhang has agreed to join the Board of
EPO. Guo Zhang has been involved in EPOs business in Liberia since
KLK invested into EPO in late 2013. His guidance and input will be
extremely valuable for the Company, especially as we draw nearer to
completion of the first stage of our new 60 metric tonne per hour
palm oil mill at Palm Bay estate and production in 2018."
Mr Lee Guo Zhang, aged 29
Mr Lee Guo Zhang graduated with a Bachelor Degree in Medicinal
& Biological Chemistry from the University of Nottingham in
2009.
Current directorships Past directorships
within the last 5 years
Bornion Estate Sdn. Bhd. N/A
Malay Rubber Plantations
(Malaysia) Sdn. Bhd.
P.T. Safari Riau
P.T. Agro Makmur Abadi
Lee Guo Zhang holds 17,000,000 ordinary shares of 1 penny each
in the Company representing approximately 4.77 per cent. of the
Company's issued share capital.
There is no further information required to be disclosed
pursuant to Schedule 2(g) of the AIM Rules.
- END -
For further information, please visit www.epoil.co.uk or
contact:
Equatorial Palm Oil plc +44 (0) 20 7016
Geoffrey Brown (Executive Director) 9885
Strand Hanson Limited (Nominated
Adviser) +44 (0) 20 7409
James Harris / James Bellman 3494
Mirabaud Securities LLP (Broker) +44 (0) 20 7484
Peter Krens 3510
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
Notes to editors:
Equatorial Palm Oil plc is an AIM listed crude palm oil
developer and producer with palm oil estates in Liberia, West
Africa. The Company was founded in 2005 and is focused on becoming
a global, sustainable producer of high quality palm oil to regional
and international markets.
With a significant land position in Liberia through its
operating subsidiary Liberian Palm Developments Limited (LPD), the
Company is geographically well positioned to serve the
international and regional markets and is committed to making a
positive impact on the communities in which it operates through
investment in local schools, health clinics, housing and
infrastructure.
The Company's largest shareholder in EPO and 50:50 joint venture
partner in LPD is Kuala Lumpur Kepong Berhad ("KLK"). KLK is one of
the largest palm oil producers in the world and the Company will
greatly benefit from their many years of expertise in oil palm
development.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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