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D1 Oils Plc (NEOS)

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Tuesday 21 November, 2006

D1 Oils Plc

Offer Period Update

D1 Oils Plc
21 November 2006


D1 Oils plc

21 November 2006


                              Offer Period Update                               

On 5 July 2006, the Board of D1 Oils plc (D1) confirmed that the Company was in
very preliminary discussions with a number of parties which may or may not lead
to an acquisition of a substantial shareholding in the Company and/or an offer
for the entire issued share capital of the Company. The Board has now ceased
discussions regarding a possible offer, but is continuing negotiations with
certain of the parties regarding the possible acquisition of a substantial, but
less than a controlling shareholding in the Company. These negotiations are
being conducted with a view to assisting the Company to accelerate significantly
the roll out of its business plan.

As stated at D1's interim results on 27 September 2006, irrespective of the
outcome of these developments, the Board is confident that it can secure funding
to deliver its business plan. 

Contacts:

D1 Oils:

Graham Prince, Head of Corporate Communications

Tel: +44 (0) 1642 755580

Mobile: +44 (0) 7973 323840

 

Brunswick Group:

Mark Antelme

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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