REG - Dekel Agri-Vision - Director Shareholding and Issue of Equity

Dekel Agri-VisionAnnouncement

10/01/2022 07:05

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RNS Number : 8481X  Dekel Agri-Vision PLC  10 January 2022

 

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

 

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

Director Shareholding and Issue of Equity

 

Dekel Agri-Vision Plc, the West African focused agriculture company, is
pleased to announce that following the commencement of his employment contract
on 16 March 2020, Aristide Achy Brou, a non-executive director, elected to
receive shares in Dekel rather than cash for all remuneration that became due
for the period 1 January 2021 to 31 December 2021.  As a result, a total of
496,169 ordinary shares in the Company will be issued pursuant to his
contract. Following this, Aristide Achy Brou will hold 23,211,770 ordinary
shares in the Company, representing approximately 4.32% of the Company's
enlarged total voting rights.  Aristide Achy Brou has also elected to receive
his entire remuneration in shares for the 2022 calendar year.

 

In addition, pursuant to their contracts, an employee of the Company and
certain advisers are to be issued an aggregate of 738,703 ordinary shares in
the Company in settlement of fees for services provided.

 

Application will be made to the London Stock Exchange for the admission of a
total of 1,234,872 ordinary shares of €0.0003367 each ("Ordinary Shares")
to trading on AIM ("Admission").  It is expected that Admission will become
effective on or around 14 January 2022. Following Admission, the Company's
issued share capital will consist of 537,098,441 Ordinary Shares.

 

Dekel Executive Director Lincoln Moore said: "Requests from a director to
receive shares in Dekel rather than cash in settlement of remuneration in our
view represents an endorsement of the Company and its prospects.  We believe
that, given the strong results achieved in 2021 and optimism of a further
material step up in performance this year, their confidence is well-founded.
With this in mind, we look forward to providing further updates on our
progress."

 

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.

 

** ENDS **

 

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

 

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

 Youval Rasin

 Shai Kol

 Lincoln Moore

 Arden Partners Plc (Nomad and Joint Broker)  +44 (0) 207 614 5900

 Paul Shackleton / Ruari McGirr /

 Elliot Mustoe (Corporate Finance)

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

 Christian Dennis

 Jeremy King

 St Brides Partners Ltd (Investor Relations)  +44 (0) 207 236 1177

 Frank Buhagiar

 Cosima Akerman

 Megan Dennison

 

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: 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 first production in early January 2022

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them in
accordance with the Market Abuse Regulations

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Aristide ("Aris") C. Achy Brou

 2   Reason for the notification
 a)  Position/status                                              Non-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                                                         Dekel Agri-Vision plc
 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 of the financial instrument, type of instrument  Ordinary shares of EUR0.0003367 each

     Identification code

                                                                  CY0106502111
 b)  Nature of the transaction                                    Issue of shares in lieu of non-executive Director fee
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  5.2pence  496,169

 
 d)  Aggregated information                                        N/A
 e)  Date of the transaction                                      10 January 2022
 f)  Place of the transaction                                     London Stock Exchange, AIM

 

d)

Aggregated information

 N/A

e)

Date of the transaction

10 January 2022

f)

Place of the transaction

London Stock Exchange, AIM

 

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