29: DekelOil Executive Director Lincoln Moore (LON:DKL) Interview
December 21, 2018
Dekeloil PLC Acquisition of 43.8% Interest in Cashew Processing Project, Issue of Equity and Director / PDMR Shareholding
DekelOil Executive DirectorDekelOil Executive Director Lincoln Moore said, "T[he early acquisition of a 43.8% interest in Tiebissou is a significant event for DekelOil](https://www.investegate.co.uk/dekeloil-plc--dkl-/rns/acquisition-of-interest-in-cashew-project/201812210700021959L/) and one which we believe will generate long-term value for shareholders. This is a reflection of both the substantially lower valuation we have secured compared to the Original Option agreement, but also the significant premium at which the new Consideration Shares in DekelOil have been issued. The share price premium is an endorsement of our vision to build a multi-project, multi-commodity agriculture company, the strategy we have in place to achieve this and our management team which, as it successfully demonstrated at our palm oil project in Ayenouan, has the credentials to deliver.