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NBPOL: Update on cash takeover offer from Sime Darby Plantation

Posted: 18 November 2014 | | No comments yet

New Britain Palm Oil Limited, one of the world’s largest fully integrated producers of sustainable palm oil, provides the following update regarding the cash offer by Sime Darby Plantation Sdn Bhd (“Sime Darby Plantation”) for all the issued and to be issued shares in NBPOL at a price of GBP 7.15 or PGK 28.79 per share (the “Offer”)…

Palm Oil

New Britain Palm Oil Limited (LSE: NBPO; POMSoX: NBO), one of the world’s largest fully integrated producers of sustainable palm oil, provides the following update regarding the cash offer by Sime Darby Plantation Sdn Bhd (“Sime Darby Plantation”) for all the issued and to be issued shares in NBPOL at a price of GBP 7.15 or PGK 28.79 per share (the “Offer”).

The Company notes that Kulim (Malaysia) Berhad (“Kulim”) has given notice to its shareholders that an Extraordinary General Meeting, to approve Kulim’s disposal of its 48.97% shareholding in NBPOL to Sime Darby Plantation pursuant to the Offer, will be held on Wednesday, 3 December 2014 at 12 noon.

A full copy of Kulim’s announcement and circular to shareholders can be downloaded at www.bursamalaysia.com.

The Company will continue to update its shareholders of any further material developments in connection with the Offer.

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