Dekel Agri-Vision Plc (LSE:DKL) has conditionally raised approximately £719,526 before expenses through a combination of placing, subscription and retail share offers, with proceeds intended to expand processing capacity at its cashew operations and provide additional working capital.
The West African agricultural company also confirmed that trading in its ordinary shares on AIM is expected to resume at 7.30 a.m. on 4 November 2026, following the closure of its Capital Access Window.
Retail Offer and Fundraising Details
Dekel raised approximately £24,526 through its Retail Offer, which closed on 3 November 2026, issuing 9,433,064 new ordinary shares at 0.26 pence per share.
The retail allocation forms part of a wider fundraising comprising 75 million placing shares generating £195,000 and 192,307,692 subscription shares raising £500,000, including participation by a company director.
In total, the fundraising involves the conditional issue of 276,740,756 new ordinary shares at 0.26 pence each.
Cashew Processing Expansion
Dekel intends to use the net proceeds primarily to acquire and install additional processing equipment at its cashew operation.
The investment is expected to increase raw cashew nut processing capacity for unpeeled cashew products from approximately 30 tonnes per day to 45 tonnes per day, representing a planned 50% increase.
A portion of the proceeds will also be allocated to working capital requirements.
Director Shareholding and Shareholder Approval
Following admission of the new shares, Non-Executive Director Aristide Achy Brou is expected to hold 456,225,272 ordinary shares, equivalent to approximately 30.68% of the enlarged share capital.
His participation in the subscription remains conditional on shareholder approval under the takeover provisions of Dekel’s Articles of Association, as his interest will exceed the 30% ownership threshold.
The fundraising is also subject to the approval of resolutions at a General Meeting scheduled for 27 November 2026.
Trading Restoration and Share Admission
Dekel confirmed that its Capital Access Window has closed, with trading in its existing ordinary shares on AIM expected to resume on 4 November 2026.
Subject to shareholder approval, the 276,740,756 new ordinary shares are expected to be admitted to trading on or around 30 November 2026.
Following admission, Dekel’s issued share capital is expected to comprise 1,486,840,798 ordinary shares, each carrying one voting right.
The company will confirm its total voting rights following the General Meeting.
More About Dekel Agri-Vision
Dekel Agri-Vision Plc is a West African agricultural company developing and operating agricultural processing businesses. Its activities include cashew processing, with the company pursuing additional processing capacity and operational development across its portfolio.
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