Information  X 
Enter a valid email address

D1 Oils Plc (NEOS)

  Print      Mail a friend       Annual reports

Wednesday 09 April, 2008

D1 Oils Plc

Completion of Placing

D1 Oils Plc
09 April 2008






  NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF
                      AMERICA, AUSTRALIA, CANADA OR JAPAN



D1 Oils plc
9 April 2008


                               D1 Oils plc ('D1')

  Completion of the Placing of 64,384,000 new Ordinary Shares at 25 pence per
                          share to raise £16.1 million

Further to today's earlier announcement regarding the placing of 64,384,000 new
Ordinary Shares, the Board of D1 announces that it has completed, subject to
certain conditions, the placing of 64,384,000 new Ordinary Shares at a price of
25 pence per share to existing shareholders (the 'Placing'), raising £16.1
million (approximately £14.9 million after expenses).

The Placing is subject, inter alia, to shareholder approval at an Extraordinary
General Meeting to be held on 9 May 2008.

Commenting on the Placing, Elliott Mannis, Chief Executive Officer, said:

'We are pleased to announce a proposed placing to raise £14.9m net of expenses
to support our continuing development of alternative sustainable feedstocks for
the production of biodiesel. We are particularly pleased that the placing is
being supported by our leading shareholders who together represent approximately
60% of the shareholder base.'


Enquiries:


D1 Oils
Graham Prince, Director, Corporate Communications
Tel: +44 (0) 3043 8732
Mob: +44 (0)7973 323 840


Brunswick Group
Kate Holgate
Tel: +44 (0) 20 7404 5959


Dresdner Kleinwort
David Hutchison, Managing Director
Keith Welch, Vice President
Tel: +44 (0) 20 7623 8000


This announcement does not constitute an offer to sell or an invitation to
subscribe for, or the solicitation of an offer to buy or to subscribe for,
Ordinary Shares in any jurisdiction in which such an offer or solicitation is
unlawful and is not for distribution in or into Canada, Japan, the United States
or Australia (a 'Prohibited Jurisdiction'). The Ordinary Shares have not been
and will not be registered under the Securities Act or under the applicable
securities laws of any state in the United States or any Prohibited Jurisdiction
and, unless an exemption under such acts or laws is available, may not be
offered for sale or subscription or sold or subscribed directly or indirectly
within a Prohibited Jurisdiction or for the account or benefit of any national,
resident or citizen of a Prohibited Jurisdiction. The distribution of this
announcement in other jurisdictions may be restricted by law and therefore
persons into whose possession this announcement comes should inform themselves
about and observe any such restrictions. Any failure to comply with these
restrictions may constitute a violation of the securities laws of such
jurisdictions.


The contents of this announcement are not to be construed as legal, financial or
tax advice. If necessary, each recipient of this announcement should consult
his, her or its own legal adviser, financial adviser or tax adviser for legal,
financial or tax advice.


Dresdner Kleinwort Limited and Dresdner Kleinwort Securities Limited, who are
authorised and regulated by the Financial Services Authority, and Dresdner Bank
AG, London Branch, which is authorised by BAFin and by the Financial Services
Authority and which is regulated by the Financial Services Authority for the
conduct of designated investment business in the United Kingdom, are acting for
the Company and for no one else in connection with the Placing and will not be
responsible to anyone other than the Company for providing the protections
afforded to clients of Dresdner Bank AG, London Branch, Dresdner Kleinwort
Securities Limited and Dresdner Kleinwort Limited, or for affording advice in
relation to the Placing, or any other matters referred to herein. The
responsibilities of Dresdner Kleinwort Limited, as Nominated Adviser under the
AIM Rules, are owed solely to the London Stock Exchange and are not owed to the
Company or to any of the Directors.


No representation or warranty, express or implied, is made by Dresdner Kleinwort
Limited, Dresdner Kleinwort Securities Limited and/or Dresdner Bank AG, London
Branch as to any of the contents of this announcement for which the directors of
D1 Oils are solely responsible. This announcement contains certain statements
that are or may be forward-looking. These statements typically contain words
such as ''intends'', ''expects'', ''anticipates'', ''estimates'' and words of
similar import. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will
occur in the future and therefore undue reliance should not be placed on such
forward-looking statements. Forward-looking statements speak only as of the date
they are made and the Company undertakes no obligation to update publicly any of
them in light of new information or future events except as required by the AIM
Rules. There are a number of factors that could cause actual results and
developments to differ materially from those expressed or implied by such
forward-looking statements.


THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT HAVE NOT BEEN REGISTERED WITH,
RECOMMENDED, APPROVED OR DISAPPROVED BY ANY UNITED STATES FEDERAL OR STATE
SECURITIES COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE, THE FOREGOING
AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS
ANNOUNCEMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE IN THE
UNITED STATES.



                      This information is provided by RNS
            The company news service from the London Stock Exchange