9th Apr 2008 07:45
D1 Oils Plc09 April 2008 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN D1 Oils plc9 April 2008 D1 Oils plc ("D1") Completion of the Placing of 64,384,000 new Ordinary Shares at 25 pence per share to raise £16.1 million Further to today's earlier announcement regarding the placing of 64,384,000 newOrdinary Shares, the Board of D1 announces that it has completed, subject tocertain conditions, the placing of 64,384,000 new Ordinary Shares at a price of25 pence per share to existing shareholders (the "Placing"), raising £16.1million (approximately £14.9 million after expenses). The Placing is subject, inter alia, to shareholder approval at an ExtraordinaryGeneral Meeting to be held on 9 May 2008. Commenting on the Placing, Elliott Mannis, Chief Executive Officer, said: "We are pleased to announce a proposed placing to raise £14.9m net of expensesto support our continuing development of alternative sustainable feedstocks forthe production of biodiesel. We are particularly pleased that the placing isbeing supported by our leading shareholders who together represent approximately60% of the shareholder base." Enquiries: D1 OilsGraham Prince, Director, Corporate CommunicationsTel: +44 (0) 3043 8732Mob: +44 (0)7973 323 840 Brunswick GroupKate HolgateTel: +44 (0) 20 7404 5959 Dresdner KleinwortDavid Hutchison, Managing DirectorKeith Welch, Vice PresidentTel: +44 (0) 20 7623 8000 This announcement does not constitute an offer to sell or an invitation tosubscribe for, or the solicitation of an offer to buy or to subscribe for,Ordinary Shares in any jurisdiction in which such an offer or solicitation isunlawful and is not for distribution in or into Canada, Japan, the United Statesor Australia (a "Prohibited Jurisdiction"). The Ordinary Shares have not beenand will not be registered under the Securities Act or under the applicablesecurities laws of any state in the United States or any Prohibited Jurisdictionand, unless an exemption under such acts or laws is available, may not beoffered for sale or subscription or sold or subscribed directly or indirectlywithin a Prohibited Jurisdiction or for the account or benefit of any national,resident or citizen of a Prohibited Jurisdiction. The distribution of thisannouncement in other jurisdictions may be restricted by law and thereforepersons into whose possession this announcement comes should inform themselvesabout and observe any such restrictions. Any failure to comply with theserestrictions may constitute a violation of the securities laws of suchjurisdictions. The contents of this announcement are not to be construed as legal, financial ortax advice. If necessary, each recipient of this announcement should consulthis, her or its own legal adviser, financial adviser or tax adviser for legal,financial or tax advice. Dresdner Kleinwort Limited and Dresdner Kleinwort Securities Limited, who areauthorised and regulated by the Financial Services Authority, and Dresdner BankAG, London Branch, which is authorised by BAFin and by the Financial ServicesAuthority and which is regulated by the Financial Services Authority for theconduct of designated investment business in the United Kingdom, are acting forthe Company and for no one else in connection with the Placing and will not beresponsible to anyone other than the Company for providing the protectionsafforded to clients of Dresdner Bank AG, London Branch, Dresdner KleinwortSecurities Limited and Dresdner Kleinwort Limited, or for affording advice inrelation to the Placing, or any other matters referred to herein. Theresponsibilities of Dresdner Kleinwort Limited, as Nominated Adviser under theAIM Rules, are owed solely to the London Stock Exchange and are not owed to theCompany or to any of the Directors. No representation or warranty, express or implied, is made by Dresdner KleinwortLimited, Dresdner Kleinwort Securities Limited and/or Dresdner Bank AG, LondonBranch as to any of the contents of this announcement for which the directors ofD1 Oils are solely responsible. This announcement contains certain statementsthat are or may be forward-looking. These statements typically contain wordssuch as ''intends'', ''expects'', ''anticipates'', ''estimates'' and words ofsimilar import. By their nature, forward-looking statements involve risk anduncertainty because they relate to events and depend on circumstances that willoccur in the future and therefore undue reliance should not be placed on suchforward-looking statements. Forward-looking statements speak only as of the datethey are made and the Company undertakes no obligation to update publicly any ofthem in light of new information or future events except as required by the AIMRules. There are a number of factors that could cause actual results anddevelopments to differ materially from those expressed or implied by suchforward-looking statements. THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT HAVE NOT BEEN REGISTERED WITH,RECOMMENDED, APPROVED OR DISAPPROVED BY ANY UNITED STATES FEDERAL OR STATESECURITIES COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE, THE FOREGOINGAUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THISANNOUNCEMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE IN THEUNITED STATES. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
NEOS.L