General Meeting Results
December 10 2010 - 11:18AM
UK Regulatory
TIDMDOO
RNS Number : 7869X
D1 Oils Plc
10 December 2010
D1 Oils plc ("D1" or the "Company")
Result of General Meeting, Completion of Disposal of Certain Subsidiaries and
Resignation of Director
The Board announces that at the General Meeting of D1 Oils plc ("Company") held
earlier today the ordinary resolution to approve the disposal of substantially
all of its Jatropha plant science and technology activities, but excluding the
animal feed programme, via the sale of the entire issued share capital of its
two subsidiary companies, D1 Oils Plant Science Limited and Quinvita Limited,
was duly passed by the requisite majority of shareholders.
Further to the approval by shareholders the Board announces that completion of
the disposal (as described in the Company's circular to shareholders dated 24
November 2010 (the "Circular") has taken place today.
As stated in the Circular, Henk Joos has stepped down from the Board of
Directors with effect from today.
Barclay Forrest, Non-Executive chairman of D1 Oils plc said: "This is an
important step in D1 Oil's restructuring to create a sustainable and exciting
growth company focused on the production of Jatropha oil, and its value added
co-products and also the sourcing and trading of vegetable oil commodities. The
Board wishes Quinvita every success with its scientific and other activities"
Henk Joos, Chief Executive Officer of Quinvita said: "We look forward, as
QUINVITA, to being able to support a new wave of investment into Jatropha with
professional advice and products, and to continuing our co-operation with D1
Oils"
For further information please contact:
+-------------------------------+-----------------------+
| D1 Oils Plc | +44 (0) 20 7936 9104 |
+-------------------------------+-----------------------+
| Martin Jarvis | |
+-------------------------------+-----------------------+
| Chief Executive Officer | |
+-------------------------------+-----------------------+
| | |
+-------------------------------+-----------------------+
| Brunswick Group | + 44 (0) 20 7404 5959 |
+-------------------------------+-----------------------+
| Kevin Byram | |
+-------------------------------+-----------------------+
| Saadia McGlinchey | |
+-------------------------------+-----------------------+
| | |
+-------------------------------+-----------------------+
| WH Ireland | + 44 (0) 20 7220 0470 |
+-------------------------------+-----------------------+
| Chris Fielding | |
+-------------------------------+-----------------------+
| | |
+-------------------------------+-----------------------+
| QUINVITA | +32 9 241 56 12 |
+-------------------------------+-----------------------+
| Vincent Volckaert | |
+-------------------------------+-----------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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