REG - Dekel Agri-Vision - Result of GM, TVR and Board Appointment

Dekel Agri-VisionAnnouncement

22/07/2025 11:45

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RNS Number : 0791S  Dekel Agri-Vision PLC  22 July 2025

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22 July 2025

Dekel Agri-Vision Plc

 

('Dekel' or the 'Company')

 

Result of General Meeting, Total Voting Rights and Board Appointment

Dekel Agri-Vision Plc (AIM: DKL), the West African agriculture company focused
on building a portfolio of sustainable and diversified projects, is pleased to
announce that, at the General Meeting held earlier today, the Resolution set
out in the Notice of General Meeting contained in the Circular dated 26 June
2025 was duly passed.

Capitalised terms used but not otherwise defined in this announcement shall
have the meanings given to them in the Company's announcement made at 4:41
p.m. on 26 June 2025, unless the context requires otherwise.

Result of the Meeting

Details of the results of the voting at the General Meeting, including the
number of proxy votes for and against the Resolution proposed, and the number
of proxy votes withheld, are set out below. The Resolution was proposed and
passed as a special resolution.

 Resolution                    For                           Against                     Withheld
                               Votes        % of votes cast  Votes      % of votes cast  Votes
 1. Authority to allot shares  143,300,343  97.4             3,515,568  2.4              257,893

The total number of proxy votes received were 147,073,804. Votes withheld are
not votes in law and so have not been included in the calculation of the
proportion of votes for and against a resolution.

The passing of the Resolution is one of the conditions to completion of the
Fundraising, and as a result of the votes cast in their favour, that
particular condition has been satisfied. Completion of the Fundraising remains
conditional upon Admission, which is expected to occur on or around 23 July
2025.

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for admission of the
642,131,341 New Shares to trading on AIM ("Admission"). It is expected that
Admission will become effective and dealings in the New Shares will commence
at 8.00 a.m. on or around 23 July 2025.

Following the Admission, the Company's issued ordinary share capital will
comprise 1,202,945,494 Ordinary Shares, with no shares held in treasury.
Therefore, the number of Total Voting Rights in the Company will be
1,202,945,494, and this figure may be used by Shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the voting rights
of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Board Appointment

The Company is pleased to announce the appointment of Jonathan Johnson-Watts
as Non-Executive Chairman, with immediate effect.

Jonathan is an experienced executive with a proven track record of improving
businesses and returning shareholder value. He excels at partnering with
leadership teams to improve operational efficiency and drive sustainable
growth through strategic and structured approaches.

 

Jonathan has significant experience in the agri-industrial sector particularly
with Volta Red UK Limited, a West Africa-focus palm oil operator. In addition
he brings with him over a decade of senior leadership experience across
various international agribusiness and infrastructure platforms, including
extensive experience in West Africa, specifically the Ivory Coast.

 

Jonathan's commitment to shareholders, his experience and financial discipline
plus his strategy insight and international operational experience are
expected to significantly benefit the Company as it enters the next phase of
growth. Jonathan supported the business in the latest fundraise, highlighting
his commitment to the Company and its projects.

 

Andrew James Tillery, the Company's former Non-Executive Chairman, has elected
to step down from his role to explore other business interests.

 

Lincoln Moore, Executive Director, commented: "We would like to welcome
Jonathan to the Board as our new Chairman. Jonathan has extensive experience
in the industry and has been successful in scaling palm oil projects across
West Africa. With strong momentum in the business across both divisions, we
look forward to working with Jonathan as we enter the next phase of growth and
scale operations."

"On behalf of the Board, I would like to thank Andrew for his Board leadership
and operational contribution over the years. Andrew has been an important part
of Dekel's journey since we became a public company in 2013, and we wish him
all the best in his future endeavours."

The following information is disclosed pursuant to Schedule Two, paragraph (g)
of the AIM Rules for Companies in relation to Jonathan William Johnson-Watts
, aged 63:

 

 Current Directorships           Directorships held over the past 5 years
 Pelle London Limited            Dovelane Limited

 Volta Red UK Limited            Wysepower Limited

 Kadjebi Environmental Limited   Wyse Group Limited

 Radarzone Limited

 

Following the completion of the Fundraising and Conversion, Jonathan
Johnson-Watts is interested in 90,909,090 Ordinary Shares in the Company,
representing 7.6% of the issued share capital.

 

Save as disclosed above, there is no further information required to be
disclosed in accordance with Rule 17 and Schedule Two, paragraph (g) of the
AIM Rules for Companies.

 

Director and PDMR Shareholdings

Following completion of the Fundraising and Conversion, the following
Directors are interested in the following:

 Director / PDMR         Position                 Existing beneficial interest in Ordinary Shares  % of current share capital  New Ordinary Shares subscribed for  Ordinary Shares after Fundraise  % of Enlarged Share Capital
 Youval Rasin            Chief Executive Officer  68,406,705                                       12.2                        187,931,098(1)                      256,337,803                      21.3
 Yehoshua Shai Kol*      Chief Financial Officer  28,221,861                                       5.03                        40,000,000                          68,221,861                       5.7
 Lincoln Moore           Executive Director       7,209,791                                        1.29                        18,181,818                          25,391,609                       2.1
 Jonthan Johnson-Watts   Non-Executive Chairman   -                                                -                           90,909,090                          90,909,090                       7.6
 Aristide C. Archy Brou  Non-Executive Director   23,824,324                                       4.25                        54,545,454                          78,369,778                       6.5

*Yehoshua Shai Kol's entire shareholding is held through Yardeni-Gelfand
Trusts (2000) Ltd.

(1)These shares are in relation to the Conversion Shares in relation to the
Conversion, as set out in the announcement at 4:41 p.m. on 26 June 2025.

 

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

 Zeus (Nomad and Joint Broker)             +44 (0) 203 829 5000

 James Joyce

 Darshan Patel

 John Moran

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

 Christian Dennis

 Daniel Ingram

 

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.

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