Zeus acted as Nomad and Broker in the oversubscribed £2.5m placing, subscription and retail offer for Dekel Agri-Vision plc

Zeus is pleased to announce that it has acted as Nomad and Broker in the oversubscribed £2.5m placing, subscription and retail offer for Dekel Agri-Vision plc.

Dekel Agri-Vision Plc is a multi-project, multi-commodity agriculture company focused on West Africa. It has a portfolio of projects in Côte d’Ivoire at various stages of development: a fully operational palm oil project in Ayenouan where fruit produced by local smallholders is processed at the Company’s 60,000tpa capacity crude palm oil mill and a cashew processing project in Tiebissou.

The net proceeds of the fundraising will be utilised to strengthen the balance sheet to provide for ongoing working capital requirements as the business continues to drive growth, as well as ensuring that the Company remains compliant at all times with its obligations under its existing financing arrangements. This will enable the Company to enhance financial stability and provide a liquidity buffer during the debt reduction period.

James Joyce, Darshan Patel, John Moran, Fraser Marshall, Simon Johnson and Alexandra Scovarza.

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