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Dekel Agri-Vision (DKL)

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Wednesday 19 August, 2020

Dekel Agri-Vision

Second shipment of Cashew Milling Equipment

RNS Number : 5114W
Dekel Agri-Vision PLC
19 August 2020
 

 

Dekel Agri-Vision Plc / Index: AIM / Epic: DKL / Sector: Food Producers

 

Dekel Agri-Vision Plc ('Dekel' or the 'Company')

19 August 2020

Second shipment of Cashew Milling Equipment

 

Dekel Agri-Vision Plc, the West African focused agriculture company, is pleased to announce that it has been advised by Italian manufacturer, Oltremare Srl, that the second shipment of milling equipment for its large scale cashew processing project at Tiebissou in Côte d'Ivoire (the 'Project'), has departed Italy.  The shipment is expected to arrive at the port of Abidjan in Côte d'Ivoire in approximately four weeks.

 

The shipment is the second of four due to be despatched from Italy and comprises 12 40ft containers.  The remaining two shipments of milling equipment are expected to be shipped and delivered to Côte d'Ivoire in the coming months.  Further updates will be provided to the market in due course.

 

The delivery of the milling equipment falls under the turnkey contract signed with UK-based engineering company Overseas Projects & Services Limited, a related entity of Oltremare Srl for the engineering, manufacture, delivery, installation and commissioning of the Project, which is expected to become operational in Q2 2021.  At this point Tiebissou will become Dekel's second producing project, alongside its established palm oil operation at Ayenouan in Côte d'Ivoire.

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR').  Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

 

** ENDS **

 

For further information please visit the Company's website at www.dekelagrivision.com or contact:

 

Dekel Agri-Vision Plc

Youval Rasin

Shai Kol

Lincoln Moore

 

+44 (0) 207 236 1177

Arden Partners Plc (Nomad and Joint Broker)

Paul Shackleton / Ruari McGirr /

Dan Gee-Summons (Corporate Finance)

Simon Johnson (Corporate Broking)

 

+44 (0) 207 614 5900

Optiva Securities Limited (Joint Broker)

Christian Dennis

Jeremy King

 

+44 (0) 203 137 1903

St Brides Partners Ltd (Investor Relations)

Frank Buhagiar

Cosima Akerman

Megan Dennison

+44 (0) 207 236 1177

 

 

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 crude palm oil mill; a cashew processing project in Tiebissou, which is due to commence production in Q2 2021. 


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