30th Jun 2005 11:31
D1 Oils Plc30 June 2005 30 June 2005 D1 Oils plc ("the Company") D1 Oils plc has today been advised that Bailhache Labesse Trustees Limited ("theTrustees"), as Trustees of the D1 Oils Employee Benefit Trust, has entered intoarrangements to dispose of 1,191,335 ordinary shares in the Company at a priceof £2.95 per ordinary share. Accordingly, the Trustees intend to shortly repaythe outstanding loan of £3,462,500 to D1 Oils plc from the proceeds of thissale. The Directors note that the sale has facilitated the continuingdevelopment of the Company's institutional share base. The D1 Oils EmployeeBenefit Trust now no longer has a notifiable interest in the company. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
NEOS.L