D1 Oils Plc
26 May 2006
D1 Oils Announces New Group Finance Director
D1 Oils plc (D1), the UK-based global producer of biodiesel, today announces the
appointment of Richard Gudgeon, 35, as Group Finance Director and Company
Secretary. Richard will join the Board of Directors of D1 with immediate effect
Richard joined D1 in September 2005 as Group Financial Controller from Magnet
Limited, the kitchen group. He was appointed Acting Group Finance Director and
Company Secretary in January 2006. Before joining D1 Richard was Magnet's Group
Financial Controller with responsibility for group accounting and reporting.
Richard qualified as a chartered management accountant in 1996, and joined
Magnet that year from National Grid.
On 28 March 2006, the Board granted Richard 100,372 options over Ordinary Shares
at an exercise price of £2.64 per Ordinary Share. These options have been
granted under the D1 Oils Share Option Plan, vest for a period of three years
from grant and expire in 2015.
'I am very pleased that Richard has been appointed Group Finance Director,' said
Elliott Mannis, Chief Executive Officer of D1. 'He has done an excellent job
since joining D1 and he brings strong commercial experience that will be
invaluable as we continue to grow our agronomy, refining and trading
There are no details that are required to be disclosed under schedule 2
paragraph g (sections iii-viii) of the AIM rules.
Graham Prince, Head of Corporate Communications
Tel: +44 (0) 1642 755580
Mobile: +44 (0) 7973 323840
Gill Ackers, Partner
Tel: +44 (0) 20 7404 5959
Notes to Editors
D1 Oils plc is a UK-based global producer of biodiesel. We are building a global
supply chain and network that is sustainable and delivers value from
'earth-to-engine'. Our operations cover agronomy, refining and trading. We are
pioneering the science, planting and production of inedible vegetable oils; we
design, build, own, operate and market biodiesel refineries; and we source,
transport and trade seeds and seedlings, seedcake, crude vegetable oils and
biodiesel. Our vision is to be the world's leading biodiesel business.
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