Exercise of Options

RNS Number : 9106F
Dekeloil Public Limited
31 May 2013
 



 

DekelOil Public Limited / Index: AIM / Epic: DKL / ISIN: CY0103462210 / Sector: Food Producers

 

For immediate release                                                                                        31 May 2013

 

DekelOil Public Limited ('DekelOil' or 'the Company')

Exercise of Options

 

DekelOil Public Limited, operator and 51% owner of an established vertically integrated palm oil project in Côte d'Ivoire announces that it has received notice for the exercise of 3,442,098 options (each over one new Ordinary Share in the capital of the Company exercisable at €0.00003367 per Ordinary Share) which were granted to two senior management prior to the Company's admission to AIM in March 2013 (the 'Exercise').

 

Application will be made for the 3,442,098 new Ordinary Shares issued pursuant to the Exercise, which will rank pari passu with all existing Ordinary Shares, to be admitted to trading on AIM. Admission is expected to take place on or around 5 June 2013.

 

Following the issue of the new Ordinary Shares, the Company's total issued share capital will consist of 1,303,582,195 Ordinary Shares.

 

** ENDS **

 

For further information please visit the Company's website www.dekeloil.com or contact:

 

Youval Rasin

 

DekelOil Public Limited

 

Tel: +44 (0) 20 7024 8391

Shai Kol

DekelOil Public Limited

Tel: +44 (0) 20 7024 8391

Lincoln Moore

DekelOil Public Limited

Tel: +44 (0) 20 7024 8391

Christian Dennis Jason Robertson

Roland Cornish

Rosalind Hill Abrahams

Elisabeth Cowell

Optiva Securities Limited

Optiva Securities Limited

Beaumont Cornish Limited

Beaumont Cornish Limited

 

St Brides Media & Finance Ltd

Tel: +44 (0) 20 3137 1903

Tel: +44 (0) 20 3137 1906

Tel: +44 (0) 20 7628 3396

Tel: +44 (0) 20 7628 3396

 

Tel: +44 (0) 20 7236 1177

Frank Buhagiar

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

 

Notes

DekelOil Public Limited is an asset backed, palm oil production and development company focused on becoming a major West African sustainable, low cost producer of Crude Palm Oil ('CPO').  DekelOil plans to rapidly expand its existing palm oil estates in the Côte d'Ivoire as well as what will be, once construction has been completed by the end of this year, one of the largest oil processing mills in West Africa with a capacity of 70,000 tons of Crude Palm Oil ('CPO') per annum.  The mill is due to commence operations and generate first revenues in 2014.  DekelOil already has 1,886 hectares of planted plantations but until these mature, initial feedstock for the mill will originate from 27,000 hectares of mature palm oil plantations that have been secured under long term contracts with smallholders. 

 

 

 

 

 


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