Dekel Agri-Vision PLC Board Changes (1853G)
March 16 2020 - 3:00AM
UK Regulatory
TIDMDKL
RNS Number : 1853G
Dekel Agri-Vision PLC
16 March 2020
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Upon the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
16 March 2020
Dekel Agri-Vision Plc
("Dekel" or the "Company")
Board Changes
Dekel Agri-Vision Plc, the West African focused agricultural
company, is pleased to announce the appointment of Mr. Aristide
("Aris") C. Achy Brou as a Non-Executive Director of the Company.
Mr. Aristide Achy Brou will be taking over from Mr. Bernard
Francois, who is stepping down as Non-Executive Director to pursue
other business interests. The Board changes are effective
immediately.
Over the last 20 years Aristide has held senior positions in the
commodity and derivative trading divisions at Citadel, British
Petroleum, JP Morgan and Goldman Sachs. A native of Côte d'Ivoire,
Aristide and his family have been involved in rubber plantations
and processing operations in the country for over 40 years.
Aristide grew up in both France and Côte d'Ivoire and after
graduating from the leading aerospace engineering school in France,
he moved to the US where he obtained a Master of Science at MIT and
received a PhD in Applied Statistics from Johns Hopkins University.
Additionally, he holds an MBA from the Wharton Business School,
with a focus on Finance and Operational Management of
Corporations.
Commenting on Aris' appointment, Lincoln Moore, executive
director, said: "We are delighted to welcome Aris to the Board.
With extensive experience working in Côte d'Ivoire, and a raft of
industry knowledge trading commodities spanning over 20 years,
Aris's appointment will benefit the Company significantly as we
work towards advancing and growing our diverse portfolio of
agriculture projects.
"I would also like to thank Bernard for his considerable and
invaluable contributions during his time with the Company and on
behalf of the Board I would like to wish him well on all his future
endeavours."
Aris Achy Brou, aged 43, holds or has held the following
directorships or partnerships in the past five years:
Current directorships or partnerships Previous directorships or partnerships
-------------------------------------- ---------------------------------------
Brou Holdings LLC -
QuantSupport LLC
As at the date of this announcement, Aris holds 21,300,000
ordinary shares in the Company , representing approximately 5.02%
per cent. of the total issued share capital of the Company.
Save as set out in this announcement there are no further
matters to be disclosed under Rule 17 or paragraph (g) of Schedule
2 of the AIM Rules for Companies.
** ENDS **
For further information please visit the Company's website or
contact:
DekelOil Public Limited
Youval Rasin
Shai Kol
Lincoln Moore +44 (0) 207 236 1177
Cantor Fitzgerald Europe (Nomad and Joint
Broker)
David Foreman, Luke Philippou (Corporate
Finance)
Keith Dowsing (Equity Sales) +44 (0) 207 894 7000
Optiva Securities Limited (Joint Broker)
Christian Dennis
Jeremy King +44 (0) 203 137 1903
St Brides Partners Ltd (Investor Relations)
Frank Buhagiar
Cosima Akerman +44 (0) 207 236 1177
Notes:
DekelOil Public Limited is a multi-project, multi-commodity
agricultural company focused on West Africa. It has a portfolio of
projects in Côte d'Ivoire at various stages of development: a fully
operational palm oil project in Ayenouan where fruit produced by
local smallholders is processed at the Company's 70,000tpa crude
palm oil mill; a cashew processing project in Tiebissou, which is
due to commence production in 2020; and a second palm oil project
in Guitry which is under development.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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