Dekel Agri-Vision PLC Update on cashew project milling equipment

TIDMDKL

Dekel Agri-Vision PLC

26 August 2020

Dekel Agri-Vision Plc / Index: AIM / Epic: DKL / Sector: Food Producers

Dekel Agri-Vision Plc ('Dekel' or the 'Company')

Update on cashew project milling equipment

Dekel Agri-Vision Plc, the West African focused agriculture company, is pleased to advise that the first milling equipment shipment from Italy for the large scale raw cashew nut processing project at Tiebissou in Côte d'Ivoire has been cleared by customs and delivered to the project site from the port of Abidjan.

As announced on 8 July 2020, the milling equipment shipment, which comprises 12 containers of electrical, dryer, steam roasting and workshop hardware, is the first of four to be despatched from Italy by the manufacturer, Oltremare Srl. The remaining three shipments are expected to be shipped and delivered to Côte d'Ivoire in the coming weeks and months. Further updates will be provided to the market in due course.

T he mill remains on course to be commissioned in Q2 2021, at which point Tiebissou will become Dekel's second producing project, alongside its established palm oil operation in Ayenouan, Côte d'Ivoire.

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For further information please visit the Company's website at www.dekelagrivision.com or contact:

 
   Dekel Agri-Vision Plc 
     Youval Rasin 
     Shai Kol 
     Lincoln Moore                                 [phone] 
    Arden Partners Plc (Nomad and Joint Broker) 
     Paul Shackleton / Ruari McGirr / 
     Dan Gee-Summons (Corporate Finance) 
     Simon Johnson (Corporate Broking)             [phone] 
    Optiva Securities Limited (Joint Broker) 
     Christian Dennis 
     Jeremy King                                   [phone] 
    St Brides Partners Ltd (Investor Relations) 
     Frank Buhagiar 
     Cosima Akerman 
     Megan Dennison                                [phone] 
 

Notes:

Dekel Agri-Vision Plc is a multi-project, multi-commodity agriculture company focused on West Africa. It has a portfolio of projects in Côte d'Ivoire at various stages of development including a fully operational palm oil project in Ayenouan where fruit produced by local smallholders is processed at the Company's 60,000tpa crude palm oil mill and a cashew processing project in Tiebissou, which is due to commence production in Q2 2021.

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August 26, 2020 02:00 ET (06:00 GMT)