DOO D1 Oils

 

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 
 
 ROMLLFLDFILILII 
 

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