Equatorial Palm Oil plc Board Changes (2825Q)
18 June 2020 - 4:00PM
UK Regulatory
TIDMPAL
RNS Number : 2825Q
Equatorial Palm Oil plc
18 June 2020
18 June 2020
EQUATORIAL PALM OIL plc
("EPO" or the "Company")
Board Changes
Equatorial Palm Oil plc (AIM: PAL) announces that Mr Lee Oi Hian
and Mr Lee Guo Zhang, both Non-Executive Directors of the Company,
have resigned from the board with immediate effect.
As EPO is now an AIM Rule 15 cash shell, it has been deemed
prudent to reduce the number of board members of the Company. Kuala
Lumpur Kepong Berhad ("KLK") is still a majority shareholder in the
Company, and after the resignations KLK will still have two
representatives on the EPO board as Non-Executive Directors, being
Ms Yap Miow Kien and Mr Patrick Kee Chuan Peng, alongside Mr
Michael Frayne, Executive Chairman, and Mr Geoffrey Brown,
Non-Executive Director.
- END -
For further information, please visit www.epoil.co.uk or
contact:
Equatorial Palm Oil plc +44 (0) 20 7268
Michael Frayne (Executive Chairman) 4874
Strand Hanson Limited (Nominated Adviser) +44 (0) 20 7409
James Harris / James Bellman 3494
Mirabaud Securities Limited (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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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