Dekeloil Public Limited Result of Scrip Dividend and Director Dealing (4597P)
September 01 2017 - 2:00AM
UK Regulatory
TIDMDKL
RNS Number : 4597P
Dekeloil Public Limited
01 September 2017
DekelOil Public Limited / Index: AIM / Epic: DKL / Sector: Food
Producers
DekelOil Public Limited ('DekelOil' or the 'Company')
Result of Scrip Dividend
and Director Dealing
DekelOil Public Limited, operator and 100% owner of the
profitable and vertically integrated Ayenouan palm oil project in
Côte d'Ivoire, announces that in connection with the Company's
maiden dividend, DekelOil has received valid elections from
shareholders for the scrip dividend alternative in respect of
82,756,537 ordinary shares of EUR0.0003367 each ("Ordinary
Shares"), representing 28.0 per cent. of the Company's issued share
capital at the dividend record date.
Accordingly, based on a dividend reference price of 11.8 pence
per share, a total of 1,192,242 Ordinary Shares will be allotted by
the Company to shareholders who have elected to receive the scrip
dividend alternative on 4 September 2017.
Application has been made to the London Stock Exchange for
1,192,242 Ordinary Shares to be admitted to trading on AIM and
admission is expected to become effective on 4 September 2017.
Following Admission, the Company's issued share capital will
consist of 297,311,700 Ordinary Shares.
Director Dealings
Certain of the Directors have elected for a scrip dividend and
as a result their shareholdings in the Company will increase. The
beneficial and non-beneficial interests of those Directors and
persons closely associated with them in Ordinary Shares as at the
date of this announcement and following the scrip dividend issue
are set out in the table below.
Date of this announcement Scrip dividend Immediately following
shares the scrip issue
---------- ------------------------------ --------------- ------------------------------
Director Number Percentage Number Number Percentage
of Ordinary of ordinary of shares of Ordinary of the
Shares share capital acquired Shares enlarged
in scrip issued
dividend share capital
election
---------- ------------- --------------- --------------- ------------- ---------------
Youval
Rasin 47,964,514 16.2% 334,024 48,298,538 16.2%
---------- ------------- --------------- --------------- ------------- ---------------
Shai Kol 10,649,174 3.6% 76,710 10,725,884 3.6%
---------- ------------- --------------- --------------- ------------- ---------------
Lincoln
Moore 1,367,500 0.5% 19,701 1,387,201 0.5%
---------- ------------- --------------- --------------- ------------- ---------------
**S **
For further information please visit the Company's website or
contact:
DekelOil Public Limited
Youval Rasin
Shai Kol +44 (0) 207
Lincoln Moore 236 1177
Cantor Fitzgerald Europe
(Nomad and Broker)
Andrew Craig +44 (0) 207
Richard Salmond 894 7000
Beaufort Securities Limited
(Broker)
Zoe Alexander +44 (0) 207
Elliot Hance 382 8300
Optiva Securities Limited
(Broker)
Christian Dennis +44 (0) 203
Jeremy King 137 1903
St Brides Partners Ltd (Investor
Relations)
Frank Buhagiar +44 (0) 207
Megan Dennison 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 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.
Appendix
1. Details of the person discharging managerial
responsibilities/person closely associated
--- ------------------------------------------------------------
a) Name: Youval Rasin
--- -------------------------------- --------------------------
2. Reason for the notification
--- ------------------------------------------------------------
a) Position/status: Chief Executive
Officer
--- -------------------------------- --------------------------
b) Initial notification/amendment: Initial notification
--- -------------------------------- --------------------------
3. Details of the issuer emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- ------------------------------------------------------------
a) Name: DekelOil Public
Limited
--- -------------------------------- --------------------------
b) LEI:
--- -------------------------------- --------------------------
4. Details of the transaction(s): section
to be repeated for (i) each type of
instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place
where transactions have been conducted
--- ------------------------------------------------------------
a) Description of the financial Ordinary shares
instrument, type of of EUR0.0003367
instrument: each
Identification code: CY0106502111
--- -------------------------------- --------------------------
b) Nature of the transaction: Scrip dividend
election
--- -------------------------------- --------------------------
c) Price(s) and volume(s): Prices(s) Volume(s)
----------- ----------
11.8
pence 334,024
----------- ----------
--- -------------------------------- --------------------------
d) Aggregated information: Single transaction
as in 4 c) above
Aggregated volume: Prices(s) Volume(s)
----------- ----------
Price: 11.8
pence 334,024
----------- ----------
--- -------------------------------- --------------------------
e) Date of transaction: 4 September 2017
--- -------------------------------- --------------------------
f) Place of transaction Outside a trading
venue
--- -------------------------------- --------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
--- ------------------------------------------------------------
a) Name: Shai Kol
--- -------------------------------- --------------------------
2. Reason for the notification
--- ------------------------------------------------------------
a) Position/status: Deputy CEO
--- -------------------------------- --------------------------
b) Initial notification/amendment: Initial notification
--- -------------------------------- --------------------------
3. Details of the issuer emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- ------------------------------------------------------------
a) Name: DekelOil Public
Limited
--- -------------------------------- --------------------------
b) LEI:
--- -------------------------------- --------------------------
4. Details of the transaction(s): section
to be repeated for (i) each type of
instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place
where transactions have been conducted
--- ------------------------------------------------------------
a) Description of the financial Ordinary shares
instrument, type of of EUR0.0003367
instrument: each
Identification code: CY0106502111
--- -------------------------------- --------------------------
b) Nature of the transaction: Scrip dividend
election
--- -------------------------------- --------------------------
c) Price(s) and volume(s): Prices(s) Volume(s)
----------- ----------
11.8
pence 76,710
----------- ----------
--- -------------------------------- --------------------------
d) Aggregated information: Single transaction
as in 4 c) above
Aggregated volume: Prices(s) Volume(s)
----------- ----------
Price: 11.8
pence 76,710
----------- ----------
--- -------------------------------- --------------------------
e) Date of transaction: 4 September 2017
--- -------------------------------- --------------------------
f) Place of transaction Outside a trading
venue
--- -------------------------------- --------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
--- ------------------------------------------------------------
a) Name: Lincoln Moore
--- -------------------------------- --------------------------
2. Reason for the notification
--- ------------------------------------------------------------
a) Position/status: Executive Director
--- -------------------------------- --------------------------
b) Initial notification/amendment: Initial notification
--- -------------------------------- --------------------------
3. Details of the issuer emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- ------------------------------------------------------------
a) Name: DekelOil Public
Limited
--- -------------------------------- --------------------------
b) LEI:
--- -------------------------------- --------------------------
4. Details of the transaction(s): section
to be repeated for (i) each type of
instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place
where transactions have been conducted
--- ------------------------------------------------------------
a) Description of the financial Ordinary shares
instrument, type of of EUR0.0003367
instrument: each
Identification code: CY0106502111
--- -------------------------------- --------------------------
b) Nature of the transaction: Scrip dividend
election
--- -------------------------------- --------------------------
c) Price(s) and volume(s): Prices(s) Volume(s)
----------- ----------
11.8
pence 19,701
----------- ----------
--- -------------------------------- --------------------------
d) Aggregated information: Single transaction
as in 4 c) above
Aggregated volume: Prices(s) Volume(s)
----------- ----------
Price: 11.8
pence 19,701
----------- ----------
--- -------------------------------- --------------------------
e) Date of transaction: 4 September 2017
--- -------------------------------- --------------------------
f) Place of transaction Outside a trading
venue
--- -------------------------------- --------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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