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  • Dekel Agri-Vision well-positioned to deliver sustained period of operating profitability 07/11/2022

    Jul 11th, 2022

    An update on the ramp-up of production of our large-scale cashew processing plant at Tiebissou, Côte d’Ivoire (the ‘Cashew Project’). Cashew Project · As announced on 13 June 2022, the colour sorter arrived on 12 June and the remaining shelling machines have now been shipped. This will enable the Company to significantly expand its production capacity and we will provide material updates regarding the assembly milestones over the coming weeks. Issue of Equity In addition, application has been made to the London Stock Exchange for the admission of a total of 306,334 ordinary shares of €0.0003367 each issued to certain advisers in settlement of fees for services provided. It is expected that Admission will become effective on or around 15 July 2022. Following Admission, the Company’s issued share capital will consist of 537,404,775 Ordinary Shares which may be used by shareholders as the denominator for the calculations by which to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure and Transparency Rules. 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 commenced production in early January 2021.