General Announcement::Suspension of Roundtable on Sustainable Palm Oil ("RSPO") Certifications

Issuer & Securities

Issuer/ Manager
IOI INVESTMENT (L) BERHAD
Securities
IOI INVES US$600M4.375%N220627 - XS0792911298 - 2EJB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
05-Aug-2016 17:02:47
Status
New
Announcement Sub Title
Suspension of Roundtable on Sustainable Palm Oil ("RSPO") Certifications
Announcement Reference
SG160805OTHRISGA
Submitted By (Co./ Ind. Name)
IOI Corporation Berhad
Designation
Parent Company
Description (Please provide a detailed description of the event in the box below)
Reference is made to the announcements dated 29 March 2016, 9 May 2016 and 6 June 2016 in relation to the suspension of IOI Corporation Berhad (the Holding Company of IOI Investment (L) Berhad) ("IOI")'s RSPO certifications ("Announcements"). Unless otherwise stated, the definitions used in this announcement are the same as those used previously in the Announcements.

The Board of Directors of IOI are pleased to announce that IOI has on 5 August 2016 received the letter from RSPO informing that the RSPO Board of Governors has endorsed the recommendation made by the Complaints Panel ("CP") to lift the suspension of RSPO certifications for the entire IOI Group. The CP is satisfied that IOI Group has met the conditions set out in its letter to the Company dated 14 March 2016, based on the actions that IOI Group has taken and implemented since then.

The lifting of the suspension of the RSPO certifications will be effective from 8 August 2016.

IOI Group will continue to submit its quarterly progress report as mandated by the CP. At the end of a 12-month period, the CP shall again commission an independent ground verification by a team of experts, following which a review of the complaint will be undertaken by the CP.


This announcement is dated 5 August 2016.