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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
DCI Advisors Limited | AQSE:DCI.GB | Aquis Stock Exchange | Ordinary Share | VGG2803G1028 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.75 | 4.00 | 5.50 | 4.75 | 4.75 | 4.75 | 0.00 | 06:57:47 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMDCI
RNS Number : 6561W
Dolphin Capital Investors Limited
19 April 2023
Dolphin Capital Investors Limited
(the "Company" or "DCI")
Shareholder Loans
and
Related Party Transaction
19 April 2023
The Board of the Company has entered into the first two of a number of loan agreements with DCI shareholders which are intended to provide additional working capital to the Company, and which are expected to amount to up to EUR2.0 million in aggregate (the "Shareholder Loans" or "Shareholder Loan Agreements"). One of the loans amounting to EUR350,000 has now been advanced to the Company. These Shareholder Loans will each have identical terms to one another (other than their date of initiation), and are for a 12-month term bearing an interest rate of 12 per cent. p.a., with no fees payable on disbursement or repayment. The Company's intention is to repay the Shareholder Loans from the proceeds of the sale of Company assets. If the Shareholder Loans have not been repaid within six months from initiation, collateral in the form of security over certain Company assets will be put in place which would exceed the aggregate value of the loans.
Related Party Transaction
One of the above Shareholder Loan Agreements, for EUR350,000 in total, has been entered into with Discover Investment Company ("DIC"). Nicolai Huls, Managing Director of the Company, is also a Director of DIC. Accordingly, the entering into of the Shareholder Loan Agreement with DIC is deemed to be a related party transaction pursuant to AIM Rule 13 of the AIM Rule for Companies. The Company's directors (excluding Nicolai Huls) consider, having consulted with the Company's Nominated Adviser, finnCap Limited, that the terms of the DIC Shareholder Loan Agreement are fair and reasonable insofar as the shareholders are concerned.
Enquiries
Dolphin Capital Investors Nicolai Huls / Nick Paris, Managing Directors nickparis@btinternet.com +44 (0) 7738 470550 finnCap (Nominated Adviser & Broker) William Marle / Jonny Franklin-Adams / Edward Whiley / Milesh Hindocha (Corporate Finance) Mark Whitfeld / Pauline Tribe (Sales) +44 (0) 20 7220 0500 -------------------------------------- FIM Capital Limited (Administrator) llennon@fim.co.im / gdevlin@fim.co.im Lesley Lennon / Grainne Devlin (Corporate Governance) --------------------------------------
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(END) Dow Jones Newswires
April 19, 2023 02:00 ET (06:00 GMT)
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