15:17 Tue 26 Jan 2021
Dekel Agri-Vision - Additional EUR900,000 Subscription to New Bond
Dekel Agri-Vision Plc / Index: AIM / Epic: DKL / Sector: Food Producers
Dekel Agri-Vision Plc ('Dekel' or the 'Company')
Additional
Dekel Agri-Vision Plc, the West African focused agriculture company, is pleased to announce that the recently issued first tranche of its c.
The New Bond includes an initial three-year capital repayment holiday, during which time interest will be charged at an annual rate of 7.75%. The three-year capital grace period enables a higher proportion of operating cash flows generated from the Company's producing palm oil project at Ayenouan in
There are no further pending subscriptions for the New Bond. The Company will consider the issue of further tranches of the New Bond, as part of its ongoing debt refinancing programme and growth strategy and while there are no immediate plans to issue further bonds the Directors will monitor market conditions and may do so if opportunistic circumstances arise.
Dekel Agri-Vision Plc Executive Director
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. 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 www.dekelagrivision.com or contact:
Dekel Agri-Vision Plc
|
+44 (0) 207 236 1177 |
Arden Partners Plc (Nomad and Joint Broker)
|
+44 (0) 207 614 5900 |
Optiva Securities Limited (Joint Broker)
|
+44 (0) 203 137 1903 |
St Brides Partners Ltd (Investor Relations) |
+44 (0) 207 236 1177 |
Notes:
Dekel Agri-Vision Plc is a multi-project, multi-commodity agriculture company focused on
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