Director Dealings, Issue of Equity and TVR
Summary by AI BETAClose X
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
13 May 2026
Dekel Agri-Vision Plc / Index: AIM / Epic: DKL / Sector: Food Producers
Dekel Agri-Vision Plc
('Dekel' or the 'Company')
Director Dealings, Issue of Equity and Total Voting Rights
Dekel Agri-Vision Plc (AIM: DKL), the West African agriculture company focused on building a portfolio of sustainable and diversified projects, announces that it was notified that on 12 May 2026, Aristide Achybrou, Non-Executive Director of the Company, made the following purchases of ordinary shares of €0.0003367 ("Ordinary Shares") each in the Company from existing Directors of the Company as set out below:
|
|
Existing Number of Ordinary Shares |
Existing % of Issued Share Capital |
Number of Shares Purchased / (Sold) at 0.5p |
Number of Shares issued in lieu of fees |
Resultant Number of Ordinary Shares |
Resultant % of Issued Share Capital |
|
Aristide Achybrou |
78,369,778 |
6.5 |
118,393,255 |
7,154,547 |
203,917,580 |
16.85 |
|
Jonathan Johnson-Watts |
90,909,090 |
7.6 |
(30,909,090) |
- |
60,000,000 |
5.0 |
|
Yehoshua Shai Kol |
68,221,861 |
5.7 |
(67,302,347) |
- |
919,514 |
0.1 |
|
Lincoln Moore |
25,391,609 |
2.1 |
(18,181,818) |
- |
7,209,791 |
0.6 |
|
Other (non-PDMR) |
N.D. |
N.D. |
(2,000,000) |
N.D. |
N.D. |
N.D. |
These transactions have been made as part of a strategy for Mr Achybrou to take a more active role in the future operational and corporate direction of the Company as set out in the announcement dated 12 May 2026. The Board of Directors is fully supportive of these purchases by Mr Achybrou and will continue work to assess any potential future transactions considered in the best interests of shareholders. The purchase price of the shares at 0.5p reflects a 5.3% premium to the current mid-price of 0.475p at close of business 12 May 2026.
Issue of Equity
In addition, Aristide Achybrou has elected to receive his outstanding directors' fees in the form of ordinary shares, resulting in the issue of 7,154,547 new ordinary shares at an average issue price of 0.78 pence per share (the "Fee Shares"). Following Admission of the Fee Shares and completion of the transactions referred to above, Mr Achybrou will hold a total of 203,917,580 ordinary shares, representing approximately 16.85 per cent. of the Company's enlarged issued share capital. The selling Directors' resulting shareholdings are also set out in the table above.
Total Voting Rights
Application will be made to the London Stock Exchange for the admission of the Fee Shares of a total of 7,154,547 ordinary shares of €0.0003367 each ("Ordinary Shares"). It is expected that Admission will become effective on or around 21 May 2026. Following Admission, the Company's issued share capital will consist of 1,210,100,042 Ordinary Shares which may be used by shareholders as the denominator for the calculations by which to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
The notifications set out below are provided in accordance with the requirements of the UK Market Abuse Regulation:
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 |
Aristide Achybrou |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Non-Executive Director |
||||
|
b) |
Initial notification/Amendment |
Initial notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Dekel Agri-Vision plc |
||||
|
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 of the financial instrument, type of instrument Identification Code |
Ordinary Shares of €0.0003367
CY0106502111 |
||||
|
b) |
Nature of the transaction |
Purchase of Ordinary Shares |
||||
|
c) |
Price(s) and volume(s) |
Purchase of Ordinary Shares
|
||||
|
d) |
Aggregated information |
|
||||
|
e) |
Date of transaction |
12th May 2026 |
||||
|
f) |
Place of transaction |
Off-market transaction |
||||
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||||||||||
|
a) |
Name |
1. Jonathan Johnson-Watts 2. Yehoshua Shai Kol 3. Lincoln Moore |
||||||||||||
|
2 |
Reason for the notification |
|||||||||||||
|
a) |
Position/status |
1. Non-Executive Chairman 2. Chief Financial Officer 3. Non-Executive Director |
||||||||||||
|
b) |
Initial notification/Amendment |
Initial notification |
||||||||||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||||||||||
|
a) |
Name |
Dekel Agri-Vision plc |
||||||||||||
|
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 of the financial instrument, type of instrument Identification Code |
Ordinary Shares of €0.0003367
CY0106502111 |
||||||||||||
|
b) |
Nature of the transaction |
Sale of Ordinary Shares |
||||||||||||
|
c) |
Price(s) and volume(s) |
|
||||||||||||
|
d) |
Aggregated information |
|
||||||||||||
|
e) |
Date of transaction |
12th May 2026 |
||||||||||||
|
f) |
Place of transaction |
Off-market transaction |
||||||||||||
** ENDS **
For further information, please visit the Company's website www.dekelagrivision.com or contact:
|
Dekel Agri-Vision Plc Youval Rasin Shai Kol
|
+44 (0) 207 236 1177 |
|
Zeus (Nomad and Joint Broker) James Joyce Darshan Patel John Moran
|
+44 (0) 203 829 5000 |
|
Optiva Securities Limited (Joint Broker) Christian Dennis Daniel Ingram
|
+44 (0) 203 137 1903 |
Notes:
Dekel Agri-Vision Plc is a multi-project, multi-commodity agriculture company focused on West Africa. It has a portfolio of projects in Côte d'Ivoire at various stages of development: a fully operational palm oil project in Ayenouan where fruit produced by local smallholders is processed at the Company's 60,000tpa capacity crude palm oil mill and a cashew processing project in Tiebissou, which has recently shifted into full commercial production.
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