Appointment of Joint Broker

RNS Number : 4078V

Dekeloil Public Limited

28 October 2014

 



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

28 October 2014

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

Appointment of Beaufort Securities as Joint Broker

DekelOil Public Limited, operator and 51% owner of an established vertically integrated and producing palm oil project in Côte d'Ivoire, is pleased to announce it has appointed Beaufort Securities Limited as the Company's Joint Broker with immediate effect.

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

Youval Rasin	DekelOil Public Limited	Tel: [phone]
Shai Kol
Lincoln Moore
Andrew Craig Ben Wright	Nplus1 Singer Advisory LLP	Tel: [phone]
Christian Dennis Jeremy King Saif Janjua Elliot Hance Elisabeth Cowell	Optiva Securities Limited Beaufort Securities Limited St Brides Media & Finance Ltd	Tel: [phone] Tel: [phone] Tel: [phone]
Frank Buhagiar

Notes:

DekelOil Public Limited is a low cost producer of palm oil in West Africa, which it is focused on rapidly expanding.  To this end, it has a 51% interest in one of the largest oil processing mills ('the Mill') based in Côte d'Ivoire, which has a capacity of 70,000 tons of Crude Palm Oil ('CPO').  Feedstock for the Mill comes from 27,000 hectares of mature palm oil plantations that have been secured under long term contracts with smallholders, however it also has nearly 1,900 hectares of its own plantations.  Furthermore, it has a world-class nursery with a 1 million seedlings a year capacity. 

 

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