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.
4 November 2026
Dekel Agri-Vision Plc / Index: AIM / Epic: DKL / Sector: Food Producers
Dekel Agri-Vision Plc
(‘Dekel’ or the ‘Company’)
Result of Retail Offer, Fundraising & Trading Restoration
Dekel Agri-Vision Plc (AIM: DKL), the West African agriculture company focused on building a portfolio of sustainable and diversified projects, is pleased to announce the result of its Retail Offer via the BookBuild platform, which closed at 4.30 p.m. on 3 November 2026. Unless otherwise defined, capitalised terms used in this announcement have the meanings given in the Company’s announcement released at 12.20 p.m. on 30 October 2026 (the “Fundraising Announcement”).
Result of the Retail Offer
The Company has conditionally raised approximately £24,526 (before expenses) through the Retail Offer, through the issue of 9,433,064 new Ordinary Shares (the “Retail Offer Shares”) at the Issue Price of 0.26 pence per share. The Board would like to thank its retail investors for their continued support.
Fundraising Summary
Together with the Placing and Subscription announced on 30 October 2026, the Company has conditionally raised gross proceeds of approximately £0.72 million through the issue of, in aggregate, 276,740,756 new Ordinary Shares at the Issue Price:
Number of New Ordinary Shares | Gross proceeds (£) | |
Placing | 75,000,000 | £195,000 |
Subscription (including Director participation) | 192,307,692 | £500,000 |
Retail Offer | 9,433,064 | £24,526 |
Total Fundraising | 276,740,756 | £719,526 |
The net proceeds of the Fundraising will be used primarily to acquire and install additional processing equipment to increase the Cashew Operation’s RCN processing capability from approximately 30 tonnes per day to approximately 45 tonnes per day (specifically the unpeeled cashew product), and for working capital.
Following Admission, Aristide Achy Brou, Non-Executive Director, will be interested in 456,225,272 Ordinary Shares, representing approximately 30.68% of the Enlarged Share Capital. As set out in the Fundraising Announcement, his participation in the Subscription is conditional on the approval of shareholders under the takeover provisions of the Company’s Articles of Association given his shareholding will exceed 30%.
Capital Access Window and Restoration of Trading
Following this announcement, the Capital Access Window has ended, and trading in the Company’s Ordinary Shares on AIM is expected to be restored at 7.30 a.m. today, 4 November 2026.
General Meeting and Admission
The Fundraising remains conditional, amongst other things, on the passing of the Resolutions at the General Meeting to be held at 10.00 a.m. on 27 November 2026 at the offices of Hill Dickinson LLP, The Broadgate Tower, 20 Primrose St, London, EC2A 2EW. The Circular, containing the notice of General Meeting, will be posted to shareholders shortly and will be available on the Company’s website, www.dekelagrivision.com.
Application will be made to the London Stock Exchange for 276,740,756 New Ordinary Shares to be admitted to trading on AIM. Subject to the passing of the Resolutions, Admission is expected to become effective, and dealings in the New Ordinary Shares are expected to commence, at 8.00 a.m. on or around 30 November 2026.
Total Voting Rights
On Admission, the Company’s issued share capital is expected to consist of 1,486,840,798 Ordinary Shares, each with one voting right. The Company does not hold any Ordinary Shares in treasury. The Company will confirm its total voting rights after the conclusion of the General Meeting.
** 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 Matthew Diaz-Rainey | +44 (0) 203 829 5000 |
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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