Dekeloil Public Limited Maiden Dividend Declaration & Notice of AGM (3558J)
June 28 2017 - 2:01AM
UK Regulatory
TIDMDKL
RNS Number : 3558J
Dekeloil Public Limited
28 June 2017
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 ('MAR). Upon the
publication of this announcement via a Regulatory Information
Service ('RIS'), this inside information is now considered to be in
the public domain.
DekelOil Public Limited / Index: AIM / Epic: DKL / Sector: Food
Producers
28 June 2017
DekelOil Public Limited ('DekelOil' or the 'Company')
Maiden Dividend Declaration
and Notice of Annual General Meeting
DekelOil Public Limited, operator and 100% owner of the
vertically integrated Ayenouan palm oil project in Côte d'Ivoire
(the 'Project'), is pleased to announce a maiden final dividend of
0.17 pence per ordinary share for the year ending 31 December 2016.
This is in line with the Company's proposed dividend of GBP500,000
announced on 17 January 2017.
Details of the final dividend are as follows:
Dividend per share: 0.17 pence
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Ex-dividend date: 13 July 2017
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Scrip dividend calculation period: 13 - 19 July 2017
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Dividend record date: 14 July 2017
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Latest date to make scrip dividend 4 August 2017
election:
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Scrip Dividend Certificates posted: 1 September 2017
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Payment date: 4 September 2017
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A scrip alternative is being offered with this dividend to those
investors who wish to receive additional DekelOil securities in
lieu of a cash payment. By electing for the scrip dividend
alternative, shareholders can increase their shareholding in the
Company, in most cases without incurring stamp duty or dealing
expenses.
A circular together with scrip dividend election forms are
expected to be posted on 3 July 2017 to all eligible DekelOil
shareholders. The scrip dividend elections will need to be received
as instructed by 4 August 2017 from those investors who wish to
receive shares in lieu of cash. Full details of how and when to
respond will be contained in the circular.
Notice of Annual General Meeting
DekelOil also announces that its Annual General Meeting ('AGM')
will be held at The Broadgate Tower, 20 Primrose Street, London
EC2A 2EW on 3 August 2017 at 10.00 a.m. The Company's results for
the year ended 31 December 2016 were announced to the market on 6
June 2017 and the Company's annual report and accounts for the year
ended 31 December 2016 have been posted to shareholders and were
made available on the Company's website on 6 June 2017. A copy of
the notice of meeting, in addition to the proxy form and dividend
scrip documentation can be found on the Company's website at
www.dekeloil.com.
** ENDS **
For further information please visit the Company's website
www.dekeloil.com or contact:
DekelOil Public Limited
Youval Rasin
Shai Kol
Lincoln Moore +44 (0) 207 236 1177
Cantor Fitzgerald Europe (Nomad and
Broker)
Andrew Craig
Richard Salmond +44 (0) 207 894 7000
Beaufort Securities Limited (Broker)
Elliot Hance +44 (0) 207 382 8300
Optiva Securities Limited (Broker)
Christian Dennis
Jeremy King +44 (0) 203 137 1903
St Brides Partners Ltd (Investor Relations)
Frank Buhagiar
Megan Dennison +44 (0) 207 236 1177
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 100% interest in one of the largest oil processing mills
based in Côte d'Ivoire, which has a capacity of 70,000 tons of CPO.
Feedstock for the Mill comes from several co-operatives and
thousands of 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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