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LONDON - Dekel Agri-Vision Plc (AIM:DKL) announced today a retail offer to existing shareholders aimed at raising up to £0.3 million through the issuance of new ordinary shares priced at 0.55 pence per share.
The retail offer follows the company’s recently closed placing and subscription of new ordinary shares at the same price. The issue price represents a 37.5 percent discount to the closing share price of 0.88 pence on June 25, 2025.
Existing retail shareholders in the United Kingdom (TADAWUL:4280) can participate in the offer through authorized financial intermediaries listed on the BookBuild platform. The retail offer opens today and is expected to close on July 1, 2025, at 4:30 p.m. London time, though it may close earlier if oversubscribed.
The retail offer is conditional upon shareholder approval at a general meeting scheduled for July 22, 2025. If approved, admission of the retail offer shares is expected to take place on July 23, 2025.
Zeus Capital Limited is acting as retail offer coordinator for the transaction.
The proceeds will be utilized in the same manner as those from the placing and subscription announced on June 25, 2025, according to the company’s press release statement.
Dekel Agri-Vision, which has been publicly traded since March 2013, stated that it values its retail shareholder base that has supported the company alongside institutional investors since its IPO.
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