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RNS Number : 8599R
New Britain Palm Oil Limited
07 May 2009
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NEW BRITAIN PALM OIL LIMITED
('NBPOL' or 'the Company')
Appointment of Financial Adviser
New Britain Palm Oil Limited (LSE: NBPO), a large scale integrated industrial
producer of palm oil in Australasia, is pleased to announce the appointment of a
new adviser in order to assist with the future development of the Company.
Akur Partners, an independent corporate finance firm with an advisory
specialisation in soft commodities and renewable power has been appointed
financial adviser to the Company and will work alongside Liberum Capital, the
Company's joint corporate broker.
Enquiries:
+-------------------------------------+-------------------------------------+
| New Britain Palm Oil Limited | Tel: +44 (0)20 7554 1400 |
| Nick Thompson | |
| Alan Chaytor | |
| David Dann | |
| | |
+-------------------------------------+-------------------------------------+
| Akur Partners | Tel: +44 (0)20 7955 1513 |
| Andrew Dawber | |
| Tom Frost | |
| Anthony Richardson | |
| | |
+-------------------------------------+-------------------------------------+
| Kreab Gavin Anderson | Tel: +44 (0)20 7554 1400 |
| Ken Cronin | Email: |
| Janine Brewis | nbpol@kreabgavinanderson.co.uk |
| Anthony Hughes | |
| | |
+-------------------------------------+-------------------------------------+
Website: www.nbpol.com.pg
Notes to editors:
New Britain Palm Oil is a large scale integrated industrial producer of
sustainable palm oil in Australasia and is headquartered in Papua New Guinea
('PNG'). It has over 44,500 hectares of planted palm oil plantations and long
term leases over 30,000 hectares of additional land, some of which will be
converted to palm oil, six oil mills, a refinery and a seed production and plant
breeding facility. The Company is quoted on both the Main Market of the London
Stock Exchange and on the Port Moresby Stock Exchange in PNG.
NBPOL is fully vertically integrated, producing its own seed (which it also
sells globally) and planting, cultivating and harvesting its own land and
processing and refining palm oil. It also contracts directly with its end
customers in the EU and arranges shipping of its products.
NBPOL has high regard for the importance of its sustainability credentials and
is active in proving its performance through its certification to ISO 14001 and
its close involvement and support of the Roundtable on Sustainable Palm Oil
('RSPO'). In September 2008, NBPOL announced that its operations in Papua New
Guinea were officially certified by the RSPO as conforming to RSPO Principles
and Criteria on sustainability.
Akur Partners is an independent corporate finance and equity capital markets
advisory firm combining in-depth industry knowledge with extensive capital
markets and mergers & acquisitions expertise. The firm enjoys an advisory
specialisation in soft commodities and renewable power as well as in several
other industrial sectors.
Liberum Capital is an investment bank whose core activities are the provision of
research, sales, trading and market making in European equities together with
corporate finance activities.
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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