Dekel Agri-Vision Plc (AIM: DKL), the West African multi-commodity agriculture company, has completed its Retail Offer and confirmed total gross proceeds of approximately £719,526 from a combined fundraising effort. The Retail Offer, which closed at 4.30 p.m. on 3 November 2026 via the BookBuild platform, raised approximately £24,526 through the issue of 9,433,064 new Ordinary Shares at 0.26 pence per share. Trading in DKL shares on AIM was expected to be restored at 7.30 a.m. on 4 November 2026 following the end of the Capital Access Window. The fundraising proceeds are earmarked primarily for expanding the company's cashew processing capacity in Côte d'Ivoire.

Key Points

  • Dekel Agri-Vision Plc (AIM: DKL) — West African agriculture company with operations in Côte d'Ivoire
  • Total gross fundraising of approximately £719,526 raised through Placing, Subscription, and Retail Offer at 0.26 pence per share
  • 276,740,756 new Ordinary Shares to be admitted to AIM, with Admission expected on or around 30 November 2026, subject to shareholder approval at a General Meeting on 27 November 2026
  • Investors should watch the General Meeting outcome, as the fundraising remains conditional on the passing of shareholder resolutions

Total Fundraising Breakdown: Placing, Subscription and Retail Offer at 0.26 Pence

The combined fundraising comprises three components. The Placing contributed £195,000 through the issue of 75,000,000 new Ordinary Shares, while the Subscription — which includes Director participation — raised £500,000 through 192,307,692 new shares. The Retail Offer added approximately £24,526 via 9,433,064 shares, bringing the aggregate total to 276,740,756 new Ordinary Shares and gross proceeds of approximately £719,526 before expenses. All new shares were issued at the same Issue Price of 0.26 pence per share. The board thanked retail investors for their continued support, as stated in the announcement.

Cashew Processing Capacity Expansion at Tiebissou Targeted with Net Proceeds

Dekel Agri-Vision operates a cashew processing project in Tiebissou, Côte d'Ivoire, which the company states has recently moved into full commercial production. The net proceeds of the fundraising are intended primarily to acquire and install additional processing equipment, with the aim of increasing the Cashew Operation's raw cashew nut processing capability from approximately 30 tonnes per day to approximately 45 tonnes per day, specifically targeting the unpeeled cashew product. Remaining proceeds will be directed towards working capital. The company also operates a palm oil mill in Ayenouan, Côte d'Ivoire, with a 60,000 tonne per annum crude palm oil capacity.

Aristide Achy Brou Subscription Requires Shareholder Approval Under Takeover Provisions

Following Admission, Non-Executive Director Aristide Achy Brou is expected to hold 456,225,272 Ordinary Shares, representing approximately 30.68% of the Enlarged Share Capital. The announcement states that his participation in the Subscription is conditional on shareholder approval under the takeover provisions of the company's Articles of Association, as his holding will exceed the 30% threshold. This approval will be sought at the General Meeting scheduled for 10.00 a.m. on 27 November 2026 at the offices of Hill Dickinson LLP in London. The Circular containing the General Meeting notice will be posted to shareholders in due course.

AIM Admission of 276.7 Million New Shares Expected on or Around 30 November 2026

Subject to the passing of resolutions at the General Meeting, an application will be made to the London Stock Exchange for all 276,740,756 New Ordinary Shares to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on or around 30 November 2026. On Admission, the company's total issued share capital is expected to comprise 1,486,840,798 Ordinary Shares, each carrying one voting right, with no shares held in treasury. The company confirmed it will publish updated total voting rights following the conclusion of the General Meeting.