Dekel Agri-Vision PLC Board Changes (1853G)

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                                 [phone] 
   Cantor Fitzgerald Europe (Nomad and Joint 
    Broker) 
    David Foreman, Luke Philippou (Corporate 
    Finance) 
    Keith Dowsing (Equity Sales)                  [phone] 
   Optiva Securities Limited (Joint Broker) 
    Christian Dennis 
    Jeremy King                                   [phone] 
   St Brides Partners Ltd (Investor Relations) 
    Frank Buhagiar 
    Cosima Akerman                                [phone] 
 

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.

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END

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March 16, 2020 03:00 ET (07:00 GMT)