REG - AEP Plantations PLC - Proposed IPO of PT AEP Nusantara Plantations Tbk

AEP PlantationsAnnouncement

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RNS Number : 7794A  AEP Plantations PLC  16 April 2026

16 April 2026

The information communicated in this announcement is inside information for
the purposes of Article 7 of Market Abuse Regulation 596/2014 as it forms part
of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.

AEP Plantations Plc

("AEP" or the "Group")

Proposed Initial Public Offering of PT AEP Nusantara Plantations Tbk

AEP, which owns, operates and develops sustainable palm-oil production in
Indonesia and Malaysia, announces that it is exploring a potential initial
public offering ("IPO") of its Indonesian subsidiary, PT AEP Nusantara
Plantations Tbk (formerly known as PT Sawit Graha Manunggal) ("AEP Nusa"), on
the Indonesia Stock Exchange ("IDX").

AEP Nusa, together with its subsidiary PT Kahayan Agro Plantation ("PT KAP"),
comprises the Group's plantation and processing assets in Central Kalimantan,
Indonesia, with a combined core planted area of approximately 19,000 hectares,
and represents its primary platform for expansion in the Kalimantan region.

The Board believes a listing in Indonesia will create a financially efficient
vehicle for further estate expansion in the region.  Additionally, it will
both align AEP Nusa with its operational footprint and broaden its investor
base. In support of future expansion without regulatory size restrictions in
Kalimantan, investor engagement and its broader Indonesia growth strategy, the
Group has also established a representative office in Jakarta.

It is envisaged that approximately 15% of new shares in AEP Nusa will be
issued as part of the proposed IPO, in line with minimum public float
requirements. The IPO is intended to support AEP Nusa's growth through capital
expenditure, including the development of PT KAP infrastructure and a new palm
oil mill.

The proposed IPO is expected to complete by mid-2026, subject to regulatory
approvals, including from the Indonesian Financial Services Authority (OJK)
and IDX.

Further announcements will be made as and when appropriate.

 

 Enquiries:

 

 AEP Plantations Plc                                                +44 (0) 20 7216 4621
 Marcus Chan Jau Chwen, Executive Director (Corporate Affairs)
 Kevin Wong Tack Wee, Group Chief Executive Officer

 Montfort

 Ann-marie Wilkinson, Shireen Farhana, Catherine Winterton          aep@montfort.london

 Cavendish Capital Markets Limited - Financial Adviser and Broker   +44 (0) 20 7220 0500
 Matt Goode, George Lawson, Trisyia Jamaludin (Corporate Finance)
 Harriet Ward (Corporate Broking)

 

 

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