21st Nov 2006 09:51
D1 Oils Plc21 November 2006 D1 Oils plc 21 November 2006 Offer Period Update On 5 July 2006, the Board of D1 Oils plc (D1) confirmed that the Company was invery preliminary discussions with a number of parties which may or may not leadto an acquisition of a substantial shareholding in the Company and/or an offerfor the entire issued share capital of the Company. The Board has now ceaseddiscussions regarding a possible offer, but is continuing negotiations withcertain of the parties regarding the possible acquisition of a substantial, butless than a controlling shareholding in the Company. These negotiations arebeing conducted with a view to assisting the Company to accelerate significantlythe roll out of its business plan. As stated at D1's interim results on 27 September 2006, irrespective of theoutcome of these developments, the Board is confident that it can secure fundingto deliver its business plan. Contacts: D1 Oils: Graham Prince, Head of Corporate Communications Tel: +44 (0) 1642 755580 Mobile: +44 (0) 7973 323840 Brunswick Group: Mark Antelme Tel: +44 (0) 20 7404 5959 Notes to EditorsD1 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:
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