18th Jul 2006 07:00
D1 Oils Plc18 July 2006 18 July, 2006 Acquisition of Shares in Subsidiary D1 Oils plc ("D1"), the UK-based global producer of biodiesel, has agreed toacquire through its subsidiary, D1 Oils Trading Limited ("D1 Oils Trading"), 20shares in its Southern African subsidiary, D1 Oils South Africa (Pty) Limited,representing 20% of the issued shares in that company. The transaction has beenundertaken to regularise the holding in the subsidiary and bring D1's totalholding to 95%. The consideration for the acquisition of the 20 shares is theissue to the vendors of 40,000 new ordinary shares in D1 (the "ConsiderationShares"). The Consideration Shares are the subject of contractual orderlymarketing arrangements agreed with the vendors. The 40,000 ordinary shares have been allotted and will rank pari passu in allrespects with the existing issued Ordinary Shares in the Company. Applicationhas been made to the London Stock Exchange for these shares to be quoted on AIMand it is expected that dealings will commence on 21 July 2006 Contacts: D1 Oils: Graham Prince, Communications DirectorTel: +44 (0) 1642-755580Mobile: +44 (0) 7973 323840 Brunswick Group: Mark AntelmeTel: +44 (0) 20 7404 5959 Notes to Editors D1 Oils plc D1 Oils plc is a UK-based global producer of biodiesel. We are building a globalsupply chain and network that is sustainable and delivers value from"earth-to-engine". Our operations cover agronomy, refining and trading. We arepioneering the science, planting and production of inedible vegetable oils; wedesign, build, own, operate and market biodiesel refineries; and we source,transport and trade seeds and seedlings, seedcake, crude vegetable oils andbiodiesel. Our vision is to be the world's leading biodiesel business. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
NEOS.L