Sale of Middlesbrough Site


 

TIDMDOO 
 
RNS Number : 1454W 
D1 Oils Plc 
23 July 2009 
 

23 July 2009 
D1 Oils plc 
Sale of Middlesbrough Site 
 
 
D1 Oils plc ("D1" or "the Company") announces that it has exchanged contracts 
for the sale of its former refinery site at Forty Foot Road, Middlesbrough, TS2 
1HG, to A.V Dawson Ltd.  Completion of the sale is scheduled for later today. 
When the sale of all associated equipment is completed (anticipated over the 
next month or so), the Company expects the total consideration, including the 
monies received from the sale of the site, to be approximately GBP1m, in line 
with the carrying value on the Company's balance sheet at 31 December 2008. 
 
 
The site generated an operating profit of GBPnil over the last twelve months. 
The funds generated by the sale will be used to pay off the mortgage obligation 
of GBP0.7m on the site. 
 
 
Contacts 
 
 
D1 Oils: 
Graham Prince, Head of Corporate Communications 
Tel: +44 (0) 20 7367 5600 
Mobile: +44 (0) 7973 323840 
 
 
Brunswick Group: 
Camilla Gore / Kevin Byram 
Tel:+44 (0) 20 7404 5959 
 
 
Piper Jaffray: 
Michael Covington / William Carnwath (Qualified Executive) 
Tel: +44 (0) 20 3142 8700 
 
Notes to Editors: 
D1 Oils plc is an alternative energy crop company. We are pioneering the 
development of Jatropha curcas, a robust, tropical oilseed bearing tree, into a 
new sustainable energy crop that has the potential to replace food crops as a 
source of biodiesel. Jatropha is a hardy crop that is able to grow on a wide 
range of soils, including soils which are sub-optimal for arable agriculture. 
Its grain is crushed to produce inedible oil for biodiesel and meal that has the 
potential to be processed into a high-value, protein source for animal feed. We 
have an established plant science and planting programme for Jatropha, and we 
provide commercial technology and services to the emerging Jatropha sector, 
including the breeding and selection of Jatropha seeds and seedlings, the 
development of planting practices and husbandry methods, and the harvesting and 
processing of Jatropha oil and meal. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 DISFGGZNVFZGLZG

D1 Oils (LSE:DOO)
過去株価チャート
から 6 2024 まで 7 2024