Dekel Agri-Vision PLC Director Shareholding and Issue of Equity (6635S)
13 Março 2023 - 4:01AM
UK Regulatory
TIDMDKL
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 EUR0.0003367
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
Youval Rasin
Shai Kol
Lincoln Moore +44 (0) 207 236 1177
WH Ireland Ltd (Nomad and Joint Broker)
James Joyce
Darshan Patel +44 (0) 20 7220 1666
Optiva Securities Limited (Joint Broker)
Christian Dennis
Jeremy King +44 (0) 203 137 1903
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/ Initial Notification
Amendment
-------------------------- -------------------------------------------
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 Ordinary shares of EUR0.0003367 each
the financial
instrument, type CY0106502111
of instrument
Identification
code
-------------------------- -------------------------------------------
b) Nature of the Issue of shares in lieu of non-executive
transaction 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
-------------------------- -------------------------------------------
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END
MSCGPUUAWUPWPUP
(END) Dow Jones Newswires
March 13, 2023 03:01 ET (07:01 GMT)
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