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Share Price: 4.65

Bid: 4.50

Ask: 4.80

Change: 0.00 (0.00%)

Spread: 0.30 (6.667%)

Open: 4.65

High: 4.65

Low: 4.65

Prev. Close: 4.65

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Asian Plantations Offer From FELDA Declared Wholly Unconditional

Mon, 13th Oct 2014 17:04

LONDON (Alliance News) - FELDA Global Ventures Holdings Berhad's offer for Asian Plantations Ltd was declared wholly unconditional Monday, as it said that it had received valid acceptances for around 93.9% of Asian Plantations' shares from shareholders and directors.

FELDA, a Malaysia-based agricultural and agri-commodities company, made an offer of 220 pence per share for Asian Plantations in August. The offer values the company at GBP102.9 million.

Shares in Asian Plantations last closed at 215.50 pence.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

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IN BRIEF: Panther Metals raises GBP360,000 for prospecting in Ontario

Panther Metals PLC - mineral exploration in Canada - Raises GBP360,000, as planned, from placing of 4.5 million shares at 8 pence each. The new shares represent 6.3% of the company's enlarged equity. SI Capital Ltd acted as sole bookrunner for the placing. Panther will use the cash for test drilling at the Awkward platinum and paladium prospect and geophysical targeting at Wishbone, both on the Obonga greenstone belt in the province of Ontario.

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