REG - Dekel Agri-Vision - Appointment of Nominated Adviser and Joint Broker

Dekel Agri-VisionAnnouncement

27/04/2022 16:00

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RNS Number : 5824J  Dekel Agri-Vision PLC  27 April 2022

Dekel Agri-Vision Plc

("Dekel" or the "Company")

Appointment of Nominated Adviser and Joint Broker

Further to the announcements by Arden Partners Plc on 11 and 14 April 2022
regarding the loss of its nominated adviser status upon the completion of its
recommended takeover, the Company has appointed WH Ireland Limited ("WHI") as
its nominated adviser.

Given the timing of the completion of the recommended takeover of Arden
Partners Plc, the Exchange has agreed that subject to initial due diligence
being undertaken, WHI has until 5pm on 27 July 2022 to complete its full due
diligence.

There can be no guarantee on the outcome of the full due diligence and its
impact on WHI's decision to continue to act as nominated adviser. Accordingly,
in such circumstances there is a risk that if WHI does not continue to act as
nominated adviser following completion of its full due diligence and the
Company has not found an alternative nominated adviser, the Company's AIM
securities may be suspended pursuant to AIM Rule 1. If within one month of
that suspension, the Company has failed to appoint a replacement nominated
adviser, the admission of its AIM securities will be cancelled.

Notwithstanding the extension of time provided in respect of completing full
due diligence obligations at engagement, WHI will continue to be subject to
all the ongoing nominated adviser responsibilities under the AIM Rules for
Nominated Advisers.

Optiva Securities Limited will remain joint broker alongside WHI.

 

Enquiries:

 Dekel Agri-Vision Plc                        +44 (0) 207 236 1177

 Youval Rasin

 Shai Kol

 Lincoln Moore

 WH Ireland Limited (Nomad and Joint Broker)  +44 (0) 20 7220 1666

 James Joyce

 Ben Good

 Optiva Securities Limited (Joint Broker)     +44 (0) 203 137 1903

 Christian Dennis

 Daniel Ingram

 

About Dekel

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: 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; a cashew processing project in
Tiebissou, which commenced production in early January 2022.

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