D1 Oils in offer period for takeover, company confirms

This morning, jatropha pioneer D1 Oils released the following statement:

“The Company notes the recent share price movement and confirms that it is in receipt of a number of preliminary and conditional approaches in relation to possible corporate transactions involving the Company including one which may or may not lead to an offer being made for the issued and to be issued share capital of the Company.

“The Company is therefore deemed to be in an Offer Period for the purposes of the Takeover Code.

“In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the “Takeover Code”), the Company announces that it has 126.625 million ordinary shares of 1.00 pence each in issue and admitted to trading on the AIM market of the London Stock Exchange plc.

“Piper Jaffray Ltd., which is authorised and regulated by the Financial Services Authority, is acting exclusively for D1 Oils and for no-one else in connection with the matters referred to in this announcement and will not be responsible to anyone other than D1 Oils for providing the protections afforded to customers of Piper Jaffray Ltd. nor for giving advice in relation to the matters referred to in this announcement.”

More on D1 Oils

D1 Oils revenues fall 32 percent, losses halved; jatropha plantings now 543,000 acres

D1 Oils, BP divorce; jatropha JV unwound after capital raise falters; D1 signs Bedford Biofuels as plant science licensee

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