DEKEL AGRI-VISION PLC

Management Reports • Nov 11, 2015

National Storage Mechanism | Additional information

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RNS Number : 2523F

Dekeloil Public Limited

11 November 2015

DekelOil Public Limited / Index: AIM / Epic: DKL / Sector: Food Producers

11 November 2015

DekelOil Public Limited ('DekelOil' or the 'Company')

Miton Group Acquires Significant Interest in Company

DekelOil Public Limited, operator and 51% owner of the vertically integrated Ayenouan palm oil project in Côte d'Ivoire, was notified on 10 November 2015 that Miton Group PLC acquired 51,599,997 shares, representing a 3.35% interest in the Company, on 9 November 2015.

DekelOil Executive Director, Lincoln Moore, said, "We are delighted to welcome Miton Group, the leading fund manager, to our shareholder register.  We view this as an endorsement of the excellent progress we have made to date at our integrated Ayenouan palm oil project in Côte d'Ivoire, where we recently reported a major jump in crude palm oil production to 29,137 tonnes for the nine months to 30 September 2015, which is double the total volumes achieved in 2014.  With a new kernel crushing plant due to commence operations in the near term this is an exciting period for DekelOil, and I look forward to providing updates over the coming months."

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

DekelOil Public Limited Youval Rasin Shai Kol Lincoln Moore	+44 (0) 207 236 1177
Cantor Fitzgerald Europe (Nomad and Broker) Andrew Craig Chris Viggor	+44 (0) 207 894 7000
Beaufort Securities Limited (Broker) Saif Janjua Elliot Hance	+44 (0) 207 382 8300
Optiva Securities Limited (Broker) Christian Dennis Jeremy King	+44 (0) 203 137 1903
St Brides Partners Ltd (Investor Relations) Elisabeth Cowell Frank Buhagiar	+44 (0) 207 236 1177

Notes:

DekelOil Public Limited is a low cost producer of palm oil in West Africa, which it is focused on rapidly expanding.  To this end, it has a 51% interest in one of the largest oil processing mills based in Côte d'Ivoire, which has a capacity of 70,000 tons of CPO.  Feedstock for the Mill comes from 27,000 hectares of mature palm oil plantations that have been secured under long term contracts with smallholders, however it also has nearly 1,900 hectares of its own plantations.  Furthermore, it has a world-class nursery with a 1 million seedlings a year capacity. 

This information is provided by RNS

The company news service from the London Stock Exchange

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