20th Nov 2006 13:46
M. P. Evans Group PLC20 November 2006 20 November 2006 M.P. EVANS GROUP PLC (THE "COMPANY") Placing of existing ordinary shares The board announces that M.P. Evans Malaysia Sdn. Berhad ("MPEM") has todayplaced 350,000 existing ordinary shares of the Company at 300 pence per share(the "Placing Shares"). MPEM is an 80.5 per cent subsidiary of the Company andthe Placing Shares, which represent some 57 per cent of its shareholding in theCompany, were received by MPEM as a result of the merger of Rowe EvansInvestments PLC with Bertam Holdings PLC and Lendu Holdings PLC in February2005. The proceeds from the sale of the Placing Shares will be used to fund investmentin the Group's new Indonesian oil-palm projects. Enquiries: M. P. Evans Group PLC 01892 516333Peter Hadsley-Chaplin Joint Managing Director Hudson Sandler 020 7796 4133Andrew HayesJames White This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
M P Evans