Dekel Agri-Vision PLC Second shipment of Cashew Milling Equipment (5114W)
19 August 2020 - 4:00PM
UK Regulatory
TIDMDKL
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.
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 rns@lseg.com or visit www.rns.com.
END
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