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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 | 07:01:06 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMDCI
RNS Number : 6823Q
Dolphin Capital Investors Limited
01 March 2016
1 March 2016
DOLPHIN CAPITAL INVESTORS LIMITED
("Dolphin" or the "Company")
Board Changes
Dolphin, a leading investor in high-end residential resorts in the Eastern Mediterranean, Caribbean and Central America, listed on the London Stock Exchange AIM Market, announces that David Heller and Justin Rimel have resigned from the Board with immediate effect.
David Heller was a Third Point LLC nominee and was appointed to the Board in March 2013 as a non-executive director pursuant to the terms of an equity subscription agreement entered into between Third Point LLC and the Company in September 2012. Justin Rimel was a Third Point LLC representative and was appointed to the Board in February 2015 as a non-executive director.
Other than Andrew Coppel, the newly appointed Company's Independent Non-executive Chairman, the non-executive directors, namely Graham Warner, Mark Townsend and Robert Heller are not considered independent in view of their original nominations to the Board by certain existing shareholders or by their participation in the Stock Incentive Plan while Miltos Kambourides, the other non-executive director, is not independent due to his position as Managing Partner of the Investment Manager.
The Board intends to commence a search process for additional non-executive directors, one of whom will become the Senior Independent Non-Executive Director and Chairman of the Governance Committee. The current intention is to make the appointments over the coming months.
For further information, please contact:
Dolphin Capital Investors Andrew Coppel +44 (0) 7785 577 023 Dolphin Capital Partners miltos@dolphincp.com Miltos E. Kambourides Panmure Gordon (Broker) Richard Gray / Dominic Morley / Andrew Potts +44 (0) 20 7886 2500 Grant Thornton UK LLP (Nominated Adviser) Philip Secrett +44 (0) 20 7383 5100 FTI Consulting, London +44 (0)20 3727 1000 Richard Sunderland / Claire Turvey dolphincapital@fticonsulting.com
Notes to Editors
Dolphin (www.dolphinci.com) is a leading global investor and developer of residential resorts in emerging markets.
Dolphin seeks to generate strong capital growth and cash returns for its shareholders through the development of sophisticated leisure-integrated residential resorts in partnership with some of the world's most recognised architects, golf course designers and hotel operators, and through the orderly disposal of its Non-Core Assets.
Dolphin's portfolio is currently spread over approximately 57 million m(2) of prime coastal developable land in Greece, Cyprus, Croatia, Turkey, the Dominican Republic and Panama and a 49.8% strategic shareholding in Aristo Developers Ltd, the largest developer and private land owner in Cyprus.
In June 2015, the Company adopted a refocused strategy and the Company's investments are now categorised as five Core Projects to be developed over time and 10 Non-Core Assets to be realised as part of an orderly monetisation process. The Core Projects are the Company's existing developments known as Amanzoe, Kilada Hills and the Kea Resort (all in Greece), Playa Grande Club & Reserve (Dominican Republic) and Pearl Island (Panama), and represent the most mature and advanced developments of the Company.
Dolphin is managed by Dolphin Capital Partners, an independent real estate private equity firm.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
March 01, 2016 10:37 ET (15:37 GMT)
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