Key Developments: Maple Energy PLC (MPLE.L)

MPLE.L on London Stock Exchange

5.75GBp
22 Aug 2014
Price Change (% chg)

-0.12p (-2.13%)
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Latest Key Developments (Source: Significant Developments)

Maple Energy PLC Announces CFO Change
Monday, 14 Oct 2013 02:00am EDT 

Maple Energy PLC announced that Mr. Jim Pontiff, who currently serves as Chief Financial Officer, has been appointed to the position of Vice President of Business Development effective from 1 November 2013. Mr. Alfonso Morante who currently serves as Vice President of Corporate Finance and Investor Relations has been appointed as the new Chief Financial Officer effective from November 1, 2013.  Full Article

Maple Energy PLC Gets $160 Million Senior Secured Debt Financing-DJ
Thursday, 15 Aug 2013 01:53am EDT 

Dow Jones reported that Maple Energy PLC said the disbursement under the senior secured debt financing for its ethanol business has occurred and it has now received $160 million. Total amount funded was used to pay all of the outstanding obligations, including principal, interest, and prepayment fees of the existing senior secured debt financing with Corporacion Andina de Fomento, Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V., Inter-American Development Bank, and Banco Internacional del Peru S.A.A. previously incurred in connection with the development of the Company's ethanol business. Funds also used to pay the transaction expenses and fees associated with the new debt financing and provide additional funds for general corporate purposes. Funds were provided by Bancolombia Puerto Rico Internacional Inc., Corporacion Financiera de Desarrollo S.A., Interbank, and Banco Itau BBA S.A., Nassau Branch.  Full Article

Maple Energy PLC Appoints Carlos Palacios As Chairman-DJ
Monday, 12 Aug 2013 03:27am EDT 

Dow Jones reported that Maple Energy PLC said that Carlos Palacios Rey, currently an Independent Non-Executive Director of the Board, has been appointed Non-Executive Chairman effective from August 9.  Full Article

Maple Energy PLC Announces Ownership Interest Of Mr. Pierre Salik and Mr. Michel Meeus
Thursday, 25 Jul 2013 02:00am EDT 

Maple Energy plc was notified on July 23, 2013 that on July 21, 2013 each of Mr. Pierre Salik and Mr. Michel Meeus had reached a beneficial interest in 4,994,750 ordinary shares representing 3.04% of the issued and outstanding share capital of the Company on a non-diluted basis for each of them.  Full Article

Maple Energy PLC Announces Execution Of Senior Secured Financing By Its Subsidiaries
Tuesday, 16 Jul 2013 07:40pm EDT 

Maple Energy PLC (Maple) announced that certain of its subsidiaries have executed an agreement with Banco Itau BBA SA, Nassau Branch, Banco Internacional del Peru SAA, and Bancolombia Puerto Rico Internacional Inc. whereby such banks, together with Corporacion Financiera de Desarrollo SA, will provide an eight-year, senior secured term loan for USD 160 million (the Term Loan). The Term Loan is being entered into by two of Maple's subsidiaries, Maple Etanol SRL and Maple Biocombustibles SRL (the Borrowers). Proceeds from the Term Loan are expected to be disbursed in a single draw on or before August 15, 2013, subject to the satisfaction of certain conditions to disbursement. The Term Loan will mature eight years from the date of the disbursement and bear interest at a LIBOR rate plus an escalating applicable margin.  Full Article

Maple Energy PLC's Chief Executive Officer Stepping Down
Monday, 13 May 2013 02:01am EDT 

Maple Energy PLC announced that Rex Canon, Chief Executive Officer and one of Maple's co-founders, is stepping down from the Company and all of its subsidiaries on July 31, 2013.  Full Article

Maple Energy PLC Announces Completion Of Approximately GBP9.03 Million Private Placement
Monday, 4 Feb 2013 09:59am EST 

Maple Energy PLC announced the completion of its share offer by way of a private placement of 14,921,595 ordinary shares (the Placing Shares) at a price of 60.5 pence ($ 0.95) per Placing Share with investors for approximately GBP9.03 million ($14.18 million) in gross proceeds before expenses. Admission of the Placing Shares to trading on AIM became effective and dealings commenced at 08:00 (GMT), February 4, 2013. The Directors intend the net proceeds from the Placing to be used (i) to further expand and enhance the ethanol business, including additional plantation development, the acquisition of additional equipment for harvesting, and the purchase of additional spare parts and equipment to provide for increased Ethanol Plant availability, and (ii) for working capital and general corporate purposes.  Full Article

Maple Energy PLC Announces Pricing and Placing Of Ordinary Shares Raising Aggregate Gross Proceeds Of Approximately £9.03 Million
Tuesday, 29 Jan 2013 02:00am EST 

Maple Energy plc announced that it placed 14,921,595 Shares to investors at price of 60.5 pence (USD 0.95) per share to raise approximately £9.03 million (USD 14.18 million) in gross proceeds. The completion of the Placing and admission to trading of the Placing Shares is expected to occur on February 4, 2013. The Company’s Directors intend the net proceeds from the Placing to be used to further expand and enhance the ethanol business, including additional plantation development, the acquisition of additional equipment for harvesting, and the purchase of additional spare parts and equipment to provide for increased Ethanol Plant availability, and for working capital and general corporate purposes.  Full Article

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