Statement re Arbitration Award
2009年3月27日 - 4:16PM
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RNS Number : 5918P
D1 Oils Plc
27 March 2009
27 March 2009
D1 Oils plc
Statement re Arbitration Award
The Board of D1 Oils plc (the "Company") is pleased to report that in relation
to a dispute with a US company, the Company is in receipt of a final and binding
arbitral award valued at GBP4.2m. Notification of the award was received by the
Company after the market closed on 26 March 2009. Steps will now be initiated to
effect the recovery of the amount due.
Enquiries:
D1 Oils plc
Graham Prince,
Director, Corporate Communications 07973-323840
Brunswick
Camilla Gore020 7404 5959
Notes to Editors:
D1 Oils plc is a biofuels technology company. Our strategy is to develop new
energy crops into sustainable commercial fuels. We provide technology and
services for the breeding, development, planting and harvesting of new varieties
of commercial biofuel crops, focusing on alternative, sustainable feedstocks
that are not subject to the same price pressures as food-grade crops. We have an
established plant science and planting programme for Jatropha curcas, a robust,
tropical oilseed bearing tree. Jatropha produces inedible oil feedstock for
biodiesel and is able to make use of land not suitable for arable agriculture.
D1 has a 50:50 joint venture with BP for the global planting of Jatropha.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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