Information  X 
Enter a valid email address

Dekel Agri-Vision (DKL)

  Print   

Wednesday 27 April, 2022

Dekel Agri-Vision

Appointment of Nominated Adviser and Joint Broker

RNS Number : 5824J
Dekel Agri-Vision PLC
27 April 2022
 

Dekel Agri-Vision Plc

("Dekel" or the "Company")

Appointment of Nominated Adviser and Joint Broker

Further to the announcements by Arden Partners Plc on 11 and 14 April 2022 regarding the loss of its nominated adviser status upon the completion of its recommended takeover, the Company has appointed WH Ireland Limited ("WHI") as its nominated adviser.

Given the timing of the completion of the recommended takeover of Arden Partners Plc, the Exchange has agreed that subject to initial due diligence being undertaken, WHI has until 5pm on 27 July 2022 to complete its full due diligence.

There can be no guarantee on the outcome of the full due diligence and its impact on WHI's decision to continue to act as nominated adviser. Accordingly, in such circumstances there is a risk that if WHI does not continue to act as nominated adviser following completion of its full due diligence and the Company has not found an alternative nominated adviser, the Company's AIM securities may be suspended pursuant to AIM Rule 1. If within one month of that suspension, the Company has failed to appoint a replacement nominated adviser, the admission of its AIM securities will be cancelled.

Notwithstanding the extension of time provided in respect of completing full due diligence obligations at engagement, WHI will continue to be subject to all the ongoing nominated adviser responsibilities under the AIM Rules for Nominated Advisers.

Optiva Securities Limited will remain joint broker alongside WHI.

 

Enquiries:

Dekel Agri-Vision Plc

Youval Rasin

Shai Kol

Lincoln Moore

 

+44 (0) 207 236 1177

WH Ireland Limited (Nomad and Joint Broker)

James Joyce

Ben Good

+44 (0) 20 7220 1666

 

Optiva Securities Limited (Joint Broker)

Christian Dennis

Daniel Ingram

 

+44 (0) 203 137 1903

 

About Dekel

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 crude palm oil mill; a cashew processing project in Tiebissou, which commenced production in early January 2022.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
APPBSGDSCSDDGDR

a d v e r t i s e m e n t