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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Dekel Agri-vision Plc | LSE:DKL | London | Ordinary Share | CY0106502111 | ORD EUR0.0003367 (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.025 | 2.08% | 1.225 | 1.20 | 1.25 | 1.225 | 1.20 | 1.20 | 69 | 08:24:52 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Veg Oil Mills,ex Corn & Oth | 31.21M | -833k | -0.0015 | -8.13 | 6.82M |
From Apr 2019 to Apr 2024
TIDMDKL
RNS Number : 3712X
Dekeloil Public Limited
21 February 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
DekelOil Public Limited ('DekelOil' or the 'Company')
Grant of Options
DekelOil Public Limited, operator and 100% owner of the profitable and vertically integrated Ayenouan palm oil project in Côte d'Ivoire (the 'Project'), announces that it has today awarded to certain directors and senior members of the management team options over a total of 11,000,000 ordinary shares of EUR0.000336 ('Ordinary Shares') each in the Company (the 'Options'), representing approximately 3.7 per cent. of the Company's total issued share capital.
The Options have been granted to key employees and directors recognising DekelOil's third consecutive year of record crude palm oil ('CPO') production at Ayenouan, including 39,111 tonnes of CPO produced in 2016 (a 9% year on year increase); and also recognising the acquisition of a 100 per cent. interest in the Ayenouan Project, via a series of value accretive transactions.
The Options, designed to incentivise the directors and senior management of the Company, will vest annually over five years with an exercise price of 13.25 pence, being equivalent to the issue price of shares in the Company's fundraise in June 2016 and representing a 9.3 per cent. premium to the closing price of the Company's shares on 20 February 2017. Three directors of the Company, Youval Rasin, Shai Kol and Lincoln Moore were included in the award.
Together with the 9,000,000 Options outstanding prior to this award, the total options in issue represent 6.76% of the current issued share capital. Details of the new share options are set out below:
Option holder Options awarded ------------------- ---------------- Youval Rasin 2,000,000 ------------------- ---------------- Shai Kol 2,000,000 ------------------- ---------------- Lincoln Moore 2,000,000 ------------------- ---------------- Senior Management 5,000,000 ------------------- ---------------- Total 11,000,000 ------------------- ----------------
Total Voting Rights
The Company also confirms as previously disclosed in the announcements dated 9 January 2017 and 16 January 2017, that 48,171,734 ordinary shares of EUR0.0003367 each ("Ordinary Shares") are expected to be admitted to trading on AIM on 22 February 2017 ("Admission"). Following the issue of the 48,171,734 Ordinary Shares, the Company's issued share capital consists of 295,995,774 Ordinary Shares. No Ordinary Shares are held in treasury at the date of this announcement and therefore following the Admission, the total number of voting rights will be 295,995,774.
The above total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.
**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) Elisabeth Cowell +44 (0) 207 Frank Buhagiar 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. 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.
APPIX
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Hot Features
Premium
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------------------
a) Name Youval Rasin
--- ------------------------------- ---------------------------------------
2. Reason for the Notification
--- ------------------------------------------------------------------------
a) Position/status 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 213800TZMTERFY8P7D14
--- ------------------------------- ---------------------------------------
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 Options over
of the Financial ordinary shares
instrument, of EUR0.0003367
type of instrument
---
Identification CY0106502111
code
--- ------------------------------- ---------------------------------------
b) Nature of the Grant of Options
transaction
--- ------------------------------- ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------------- ----------
Exercise price
13.25 pence
per share 2,000,000
---------------- ----------
--- ------------------------------- ---------------------------------------
d) Aggregated information:
* Aggregated volume Grant of 2,000,000 options
over ordinary shares of EUR0.0003367
at an exercise price of 13.25
* Price pence
--- ------------------------------- ---------------------------------------
e) Date of the 20 February 2017
transaction
--- ------------------------------- ---------------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- ---------------------------------------
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 and CFO
--- ------------------------------- ---------------------------------------
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 213800TZMTERFY8P7D14
--- ------------------------------- ---------------------------------------
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 Options over
of the Financial ordinary shares
instrument, of EUR0.0003367
type of instrument
---
Identification CY0106502111
code
--- ------------------------------- ---------------------------------------
b) Nature of the Grant of Options
transaction
--- ------------------------------- ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------------- ----------
Exercise price
13.25 pence
per share 2,000,000
---------------- ----------
--- ------------------------------- ---------------------------------------
d) Aggregated information:
* Aggregated volume Grant of 2,000,000 options
over ordinary shares of EUR0.0003367
at an exercise price of 13.25
* Price pence
--- ------------------------------- ---------------------------------------
e) Date of the 20 February 2017
transaction
--- ------------------------------- ---------------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- ---------------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------------------
a) Name Lincoln Moore
--- ------------------------------- ---------------------------------------
2. Reason for the Notification
--- ------------------------------------------------------------------------
a) Position/status 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 213800TZMTERFY8P7D14
--- ------------------------------- ---------------------------------------
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 Options over
of the Financial ordinary shares
instrument, of EUR0.0003367
type of instrument
---
Identification CY0106502111
code
--- ------------------------------- ---------------------------------------
b) Nature of the Grant of Options
transaction
--- ------------------------------- ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------------- ----------
Exercise price
13.25 pence
per share 2,000,000
---------------- ----------
--- ------------------------------- ---------------------------------------
d) Aggregated information:
* Aggregated volume Grant of 2,000,000 options
over ordinary shares of EUR0.0003367
at an exercise price of 13.25
* Price pence
--- ------------------------------- ---------------------------------------
e) Date of the 20 February 2017
transaction
--- ------------------------------- ---------------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- ---------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHPGUGWPUPMGMU
(END) Dow Jones Newswires
February 21, 2017 02:01 ET (07:01 GMT)
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