TIDMDKL
RNS Number : 3712X
Dekeloil Public Limited
21 February 2017
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.
DekelOil Public Limited / Index: AIM / Epic: DKL / Sector: Food
Producers
DekelOil Public Limited ('DekelOil' or the 'Company')
Grant of Options
DekelOil Public Limited, operator and 100% owner of the
profitable and vertically integrated Ayenouan palm oil project in
Côte d'Ivoire (the 'Project'), announces that it has today awarded
to certain directors and senior members of the management team
options over a total of 11,000,000 ordinary shares of EUR0.000336
('Ordinary Shares') each in the Company (the 'Options'),
representing approximately 3.7 per cent. of the Company's total
issued share capital.
The Options have been granted to key employees and directors
recognising DekelOil's third consecutive year of record crude palm
oil ('CPO') production at Ayenouan, including 39,111 tonnes of CPO
produced in 2016 (a 9% year on year increase); and also recognising
the acquisition of a 100 per cent. interest in the Ayenouan
Project, via a series of value accretive transactions.
The Options, designed to incentivise the directors and senior
management of the Company, will vest annually over five years with
an exercise price of 13.25 pence, being equivalent to the issue
price of shares in the Company's fundraise in June 2016 and
representing a 9.3 per cent. premium to the closing price of the
Company's shares on 20 February 2017. Three directors of the
Company, Youval Rasin, Shai Kol and Lincoln Moore were included in
the award.
Together with the 9,000,000 Options outstanding prior to this
award, the total options in issue represent 6.76% of the current
issued share capital. Details of the new share options are set out
below:
Option holder Options awarded
------------------- ----------------
Youval Rasin 2,000,000
------------------- ----------------
Shai Kol 2,000,000
------------------- ----------------
Lincoln Moore 2,000,000
------------------- ----------------
Senior Management 5,000,000
------------------- ----------------
Total 11,000,000
------------------- ----------------
Total Voting Rights
The Company also confirms as previously disclosed in the
announcements dated 9 January 2017 and 16 January 2017, that
48,171,734 ordinary shares of EUR0.0003367 each ("Ordinary Shares")
are expected to be admitted to trading on AIM on 22 February 2017
("Admission"). Following the issue of the 48,171,734 Ordinary
Shares, the Company's issued share capital consists of 295,995,774
Ordinary Shares. No Ordinary Shares are held in treasury at the
date of this announcement and therefore following the Admission,
the total number of voting rights will be 295,995,774.
The above total voting rights figure may be used by shareholders
as the denominator for the calculation by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the Company.
**S **
For further information please visit the Company's website or
contact:
DekelOil Public Limited
Youval Rasin
Shai Kol +44 (0) 207
Lincoln Moore 236 1177
Cantor Fitzgerald Europe
(Nomad and Broker)
Andrew Craig +44 (0) 207
Richard Salmond 894 7000
Beaufort Securities Limited
(Broker)
Zoe Alexander +44 (0) 207
Elliot Hance 382 8300
Optiva Securities Limited
(Broker)
Christian Dennis +44 (0) 203
Jeremy King 137 1903
St Brides Partners Ltd (Investor
Relations)
Elisabeth Cowell +44 (0) 207
Frank Buhagiar 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 100% interest in one of the largest oil processing mills
based in Côte d'Ivoire. Feedstock for the Mill comes from several
co-operatives and thousands of 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.
APPIX
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------------------
a) Name Youval Rasin
--- ------------------------------- ---------------------------------------
2. Reason for the Notification
--- ------------------------------------------------------------------------
a) Position/status CEO
--- ------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------------------------
a) Name DekelOil Public Limited
--- ------------------------------- ---------------------------------------
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 Options over
of the Financial ordinary shares
instrument, of EUR0.0003367
type of instrument
---
Identification CY0106502111
code
--- ------------------------------- ---------------------------------------
b) Nature of the Grant of Options
transaction
--- ------------------------------- ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------------- ----------
Exercise price
13.25 pence
per share 2,000,000
---------------- ----------
--- ------------------------------- ---------------------------------------
d) Aggregated information:
* Aggregated volume Grant of 2,000,000 options
over ordinary shares of EUR0.0003367
at an exercise price of 13.25
* Price pence
--- ------------------------------- ---------------------------------------
e) Date of the 20 February 2017
transaction
--- ------------------------------- ---------------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- ---------------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------------------
a) Name Shai Kol
--- ------------------------------- ---------------------------------------
2. Reason for the Notification
--- ------------------------------------------------------------------------
a) Position/status Deputy CEO and CFO
--- ------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------------------------
a) Name DekelOil Public Limited
--- ------------------------------- ---------------------------------------
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 Options over
of the Financial ordinary shares
instrument, of EUR0.0003367
type of instrument
---
Identification CY0106502111
code
--- ------------------------------- ---------------------------------------
b) Nature of the Grant of Options
transaction
--- ------------------------------- ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------------- ----------
Exercise price
13.25 pence
per share 2,000,000
---------------- ----------
--- ------------------------------- ---------------------------------------
d) Aggregated information:
* Aggregated volume Grant of 2,000,000 options
over ordinary shares of EUR0.0003367
at an exercise price of 13.25
* Price pence
--- ------------------------------- ---------------------------------------
e) Date of the 20 February 2017
transaction
--- ------------------------------- ---------------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- ---------------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------------------
a) Name Lincoln Moore
--- ------------------------------- ---------------------------------------
2. Reason for the Notification
--- ------------------------------------------------------------------------
a) Position/status Director
--- ------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------------------------
a) Name DekelOil Public Limited
--- ------------------------------- ---------------------------------------
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 Options over
of the Financial ordinary shares
instrument, of EUR0.0003367
type of instrument
---
Identification CY0106502111
code
--- ------------------------------- ---------------------------------------
b) Nature of the Grant of Options
transaction
--- ------------------------------- ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------------- ----------
Exercise price
13.25 pence
per share 2,000,000
---------------- ----------
--- ------------------------------- ---------------------------------------
d) Aggregated information:
* Aggregated volume Grant of 2,000,000 options
over ordinary shares of EUR0.0003367
at an exercise price of 13.25
* Price pence
--- ------------------------------- ---------------------------------------
e) Date of the 20 February 2017
transaction
--- ------------------------------- ---------------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- ---------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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