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Share Price Information for Dekel Agri (DKL)

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Share Price: 1.15
Bid: 1.10
Ask: 1.20
Change: 0.00 (0.00%)
Spread: 0.10 (9.091%)
Open: 1.15
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Low: 1.15
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DekelOil buys remaining 14% stake in West African palm oil project

Mon, 09th Jan 2017 10:00

(ShareCast News) - Agriculture producer DekelOil Public now owns 100% of a palm oil project in the Côte d'Ivoire after it bought the remaining 14.25% stake in its joint venture with Singapore-based Biopalm Energy.The AIM-listed plantation group bought the remaining stake in the Ayenouan project that it did not already own, including a large crude palm oil mill, through the issue of 35.45m shares of €0.0003 each in the company to Biopalm at 13.25p per share.Biopal will hold about 12.51% in DekelOil.This equates to a purchase price of the remaining 285 shares in CS DekelOil Siva of €21,428.57 per share at a fixed pound and euro exchange rate of 1.3, and 11.5% premium to the exchange rate of about 1.17.The premium on both the conversion price and the exchange rate results in DekeOil's shareholders gaining an additional 14.25% in the project through the issue of only 12.52% in new shares in DekelOil.The new shares are expected to trade on AIM around 12 January and following admission, the company's share capital will consist of 283.41m shares.Lincoln Moore, executive director of DekelOil, said, "Today's acquisition has been secured on terms that are value accretive for our existing shareholders. Equally as important however, is that it gives DekelOil 100% ownership of our producing and profitable palm oil project at Ayenouan. Our shareholders will also enjoy 100% of the benefits of all new initiatives going forward."The acquisition completes the process initiated in May 2016 when a circular was sent to DekeOil's shareholders for the company to buy 30.5% in CS DekelOil Siva which Biopalm then held and also the acquisition in July 2016 of a further 4.25% of Biopalm's shares in CS DekelOil Siva.Shares in DekelOil were up 3.37% to 11.50p at 1009 GMT.
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19 Nov 2018 07:55

DekelOil confirms award of contract for cashew project works

(Sharecast News) - West Africa-focussed agriculture company DekelOil Public announced on Monday that, following a competitive tender process, Capro CI SA had awarded a contract for the construction of civil works and associated infrastructure for its large-scale cashew processing project at Tiebissou in Cote d'Ivoire.

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24 Oct 2018 13:01

Dekeloil Turns Into Multi-Commodity Company To Boost Profitability

LONDON (Alliance News) - Dekeloil Public Ltd on Wednesday said it is making progress towards becoming a multi-project agriculture company with cashew processing project in Cote d'Ivoire under

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10 Oct 2018 11:27

Dekeloil Third-Quarter Production Recovers But Sales And Prices Drop

LONDON (Alliance News) - Palm oil producer Dekeloil Public Ltd said on Wednesday it saw a decline in product sales but an increase in production due to a region-wide recovery in fresh fruit bunch

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13 Sep 2018 10:53

DekelOil Suspends Dividend As Poor Harvest, Lower Prices Lead To Loss

LONDON (Alliance News) - Palm oil firm DekelOil PLC on Thursday halted dividend payments as it blamed a poor harvest in the Ivory Coast for a drop in revenue and a swing to an interim company has

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30 Jul 2018 13:14

Capro's New Senior Management To Be Sourced From Dekeloil Plant Team

LONDON (Alliance News) - DekelOil Public Ltd said Monday a new senior management team has been appointed to Capro CI SA in order oversee the development of its cashew nut processing Ivory plant is

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19 Jul 2018 12:18

DekelOil First Half Palm Oil Production And Sales Fall To Poor Harvest

LONDON (Alliance News) - DekelOil Public Ltd said on Thursday that sales of crude palm oil decreased in the six months to the end of June, reflecting a reduction in the volume of fresh fruit fruit

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14 Nov 2016 09:38

DekelOil Invests In Ayenouan Project To Boost Margins And Capacity

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2 Nov 2016 09:57

DekelOil appoints Vince McAleer CEO of Côte d'Ivoire subsidiary

(ShareCast News) - DekelOil, a part owner of the Ayenouan palm oil project in the Ivory Coast, appointed Vince McAleer chief executive of its subsidiary, Dekeloil Côte d'Ivoire. He will be based in the West Africa country from 16 November and replaces Eyal Timmor, who has decided to pursue other opp

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2 Nov 2016 09:43

DekelOil Appoints Vince McAleer As CEO Of Ivory Coast Subsidiary

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21 Sep 2016 14:26

DekelOil swings to profit after record production in first half

(ShareCast News) - Operator and 85.75% owner of the Ayenouan palm oil project in Côte d'Ivoire, DekelOil Public, announced its interim results for the six months to 30 June on Wednesday, with a record half yearly production of 28,550 tonnes of crude palm oil - up from 21,836 tonnes in the first half

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11 Jul 2016 15:07

UK Shareholder Meetings Calendar - Next 7 Days

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7 Jul 2016 12:48

DekelOil sees H1 EBITDA materially ahead on improved production

(ShareCast News) - DekelOil Public Ltd said it expects to book first-half EBITDA materially higher than the previous-same-period's €2.2m, citing a strong operational performance in the six-month period. "In addition, the recent strengthening of the euro against GBP sterling is expected to have a pos

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5 Jul 2016 09:15

Dekeoil Has Until December To Buy Remaining Stake In Ayenouan

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15 Jun 2016 07:47

DekelOil Buys Another 5% Stake In Ayenouan Palm Oil Project (ALLISS)

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