REG - Dekel Agri-Vision - Result of Retail Offer

Dekel Agri-VisionAnnouncement

02/07/2025 07:00

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RNS Number : 3104P  Dekel Agri-Vision PLC  02 July 2025

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF
SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN
OFFER TO SELL OR ISSUE OR A SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE
ACQUIRE ANY SECURITIES IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR
SOLICITATION WOULD BE UNLAWFUL, INCLUDING THE UNITED
STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA. NEITHER
THIS ANNOUNCEMENT NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE
RELIED UPON IN CONNECTION WITH, ANY SUCH OFFER, SOLICITATION OR COMMITMENT
WHATSOEVER IN ANY OF THOSE JURISDICTIONS.

TERMS NOT OTHERWISE DEFINED HEREIN SHALL HAVE THE MEANINGS GIVEN TO THEM IN
THE COMPANY'S ANNOUNCEMENT RELEASED ON 26 JUNE 2025 AT 4.41pm.

2 July 2025

Dekel Agri-Vision Plc

 

('Dekel' or the 'Company')

 

Result of Retail Offer

Dekel Agri-Vision Plc (AIM: DKL), the West African agriculture company focused
on building a portfolio of sustainable and diversified projects, announces
that the Retail Offer launched on 27 June 2025 has raised in aggregate
£115,601 through the issuance of 21,018,429 Retail Offer Shares at a price of
0.55 pence per share.

Accordingly, the Company has conditionally raised total gross proceeds of
approximately £2.5 million in aggregate by way of the Placing, Subscription
and Retail Offer.

A separate announcement will be made following the General Meeting as to the
results of the General Meeting and the total voting rights following
Admission.

Admission

Application will be made to the London Stock Exchange for admission of the New
Shares to trading on AIM ("Admission"). It is expected that, subject to the
necessary resolutions being passed at the General Meeting, Admission will
become effective and dealings in the New Shares will commence at 8:00 a.m. on
23 July 2025.

Admission is conditional, inter alia, upon Admission becoming effective, the
Placing Agreement not having been terminated and becoming unconditional, and
upon the approval of Shareholders at the Company's forthcoming General Meeting
to be held on or around 22 July 2025.

Capitalised terms used but not defined in this announcement have the meanings
given to them in the Company's announcement released at 4.41 p.m. on 26 June
2025 in respect of the Placing, Subscription and Conversion unless the context
provides otherwise.

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

 Fraser Marshall / Simon Johnson (Broking)

 

IMPORTANT NOTICES

 

The content of this announcement has been prepared by and is the sole
responsibility of the Company.

This announcement and the information contained herein is not for release,
publication or distribution, directly or indirectly, in whole or in part, in
or into or from the United States (including its territories and possessions,
any state of the United States and the District of Columbia, Australia,
Canada, Japan, the Republic of South Africa, any member state of the EEA or
any other jurisdiction where to do so might constitute a violation of the
relevant laws or regulations of such jurisdiction.

The distribution of this announcement may be restricted by law in certain
jurisdictions and persons into whose possession any document or other
information referred to herein comes should inform themselves about and
observe any such restriction. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such jurisdiction.

Zeus Capital Limited ("Zeus") is authorised and regulated in the United
Kingdom by the FCA, is acting exclusively for the Company and for no-one else
and will not regard any other person (whether or not a recipient of this
announcement) as its client in relation to the transactions and arrangements
described in this announcement and will not be responsible to anyone other
than the Company for providing the protections afforded to its clients, nor
for providing advice in connection with the contents of this announcement, or
the transactions, referred to in this announcement.

The value of Ordinary Shares and the income from them is not guaranteed and
can fall as well as rise due to stock market and currency movements. When you
sell your investment, you may get back less than you originally invested.
Figures refer to past performance and past performance is not a reliable
indicator of future results. Returns may increase or decrease as a result of
currency fluctuations.

Neither the content of the Company's website (or any other website) nor the
content of any website accessible from hyperlinks on the Company's website (or
any other website) is incorporated into or forms part of this announcement.

The Retail Offer Shares to be issued or sold pursuant to the Retail Offer will
not be admitted to trading on any stock exchange other than AIM.

 

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