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D1 Oils Plc (NEOS)

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Thursday 17 July, 2008

D1 Oils Plc

Appointment of Non-Executive

RNS Number : 3164Z
D1 Oils Plc
17 July 2008

17 July 2008

Appointment of Non-Executive Director

D1 Oils plc ('D1' or the 'Company') is pleased to announce that Brian Myerson is appointed to the Board of D1 as a Non-Executive Director with immediate effect.

Brian is Chief Executive Officer of Principle Capital Group, whose managed funds are significant shareholders in D1. Brian co-founded Principle Capital in November 2004 and has been a director of several listed UK companies, including Greycoat plc (1994 to 1996) and Marylebone Warwick Balfour Group Plc (2002 to 2005), where he was Chairman. He was also a Non-Executive Director of Sage Group, a South African listed life assurance and financial services business, from 2003 to 2004

Commenting on his appointment, Lord Oxburgh, Chairman of D1, said: 

'Principle Capital has been a very supportive shareholder since first investing in the Company via our December 2006 placing. Brian has a very strong track record as an investor in the UK, Europe and South Africa and has a keen interest in the biofuels sector. His experience will be a substantial asset to the Board.'

In accordance with Schedule 2(g) of the AIM Rules, the following information is provided:


Brian Alan Myerson, 49, is a Director of Principle Capital Investment Trust Plc ('PCIT') and a Director of Principle Capital Fund Managers Limited, the 100% owner of Principle Capital General Partner Limited, which is the General Partner of Principle Capital, L.P. ('PCLP'). PCIT owns 24,647,119 ordinary shares and PCLP owns 10,241,970 ordinary shares in D1, together these shareholdings represent 27.05 per cent of the issued share capital of D1. Brian Myerson has no legal or beneficial interest in these shares, direct or indirect. 

He is also a Director of the following companies:


Bulldog Financial Limited; Liberty plc, Liberty Retail plc; PME African Infrastructure Opportunities plc; PME African Infrastructure Managers Limited; Principle Capital Holdings S.A.; Principle Energy Limited; Proteus Property Partners Limited; Shawford Park Helicopters Limited; South African Property Opportunities Plc; Principle Capital African Private Equity Plc; Principle Capital African Equity Partners Limited. 

Over the past five years he has been a Director of the following companies: 


Active Value Advisors Limited; Blackstar Investors Plc; BNB Recruitment Solutions Plc; Illuminator Fund Management Limited; Illuminator Holdings Limited; Illuminator Investments Limited; JAB Holdings Limited; Marylebone Warwick Balfour Group Plc; Multimedia Trustees Limited; Purple Capital Limited; Sage Group Limited; Sage Life Limited; Sage Unit Trusts Limited; Shawford Park Polo Limited; The Dell Limited. 

There are no further disclosures required to be made pursuant to Rule 17 and Schedule 2 - paragraph (g) of the AIM Rules for companies in relation to Brian Myerson. 


D1 Oils plc  

Graham Prince,                                                020 7367 5600

Director, Corporate Communications           07973 323840


Kevin Byram/Michael Fuchs                           020 7404 5959

Notes to Editors:

D1 Oils plc is a biofuels technology company. Our strategy is to develop new energy crops into sustainable commercial fuels. We provide technology and services for the breeding, development, planting and harvesting of new varieties of commercial biofuel crops, focusing on alternative, sustainable feedstocks that are not subject to the same price pressures as food-grade crops. We have an established plant science and planting programme for Jatropha curcas, a robust, tropical oilseed bearing tree. Jatropha produces inedible oil feedstock for biodiesel and is able to make use of land not suitable for arable agriculture. D1 has a 50:50 joint venture with BP for the global planting of jatropha. 

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