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

Dekel Agri-VisionAnnouncement

13/03/2023 07:15

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RNS Number : 6635S  Dekel Agri-Vision PLC  13 March 2023

 

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 2022 to 31 December 2022 ("Period").  As a result, a
total of 612,554 ordinary shares in the Company will be issued pursuant to his
contract. The price of the shares have been calculated as the monthly average
of 10 daily VWAPs over the 10 trading days prior to month end during the
Period. Following this, Aristide Achy Brou will hold 23,824,324 ordinary
shares in the Company, representing approximately 4.27% of the Company's
enlarged total voting rights.  Aristide Achy Brou has also elected to receive
his entire remuneration in shares for the 2023 calendar year.

 

Application will be made to the London Stock Exchange for the admission of a
total of 612,554 ordinary shares of €0.0003367 each ("Ordinary Shares") to
trading on AIM ("Admission").  It is expected that Admission will become
effective on or around 23 March 2023. Following Admission, the Company's
issued share capital will consist of 558,536,353 Ordinary Shares.

 

Dekel Executive Director Lincoln Moore said: "Aristide's continuing request to
receive shares in Dekel rather than cash in settlement of remuneration in our
view represents an endorsement of the Company and its prospects."

 

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

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

 James Joyce

 Darshan Patel

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

 Christian Dennis

 Jeremy King

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 capacity crude palm oil mill and a cashew processing
project in Tiebissou, which is currently transitioning to full commercial
production in 2023.

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)
                                                                  3.92p     612,554

 
 d)  Aggregated information                                        N/A
 e)  Date of the transaction                                      13 March 2023
 f)  Place of the transaction                                     London Stock Exchange, AIM

 

d)

Aggregated information

 N/A

e)

Date of the transaction

13 March 2023

f)

Place of the transaction

London Stock Exchange, AIM

 

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