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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Dci Advisors Ltd | LSE:DCI | London | Ordinary Share | VGG2803G1028 | COM SHS EUR0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.70 | 4.50 | 4.90 | 4.83 | 4.70 | 4.75 | 0.00 | 08:00:10 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Agents & Mgrs | 318k | -6.92M | -0.0077 | -6.10 | 42.52M |
TIDMDCI
RNS Number : 2514C
Dolphin Capital Investors Limited
15 October 2020
15 October 2020
DOLPHIN CAPITAL INVESTORS LIMITED
("DCI" or "Dolphin" or the "Company"
and together with its subsidiaries the "Group")
Update in relation to Cyprus Citizenship Investment Programme
Dolphin, an investor in high-end residential resort developments in the eastern Mediterranean, notes that the Cyprus government announced on 13 October that it would cancel the Cyprus citizenship investment programme with effect from 1 November. The programme allowed foreign investors to apply for Cypriot citizenship upon making a minimum EUR2 million investment in, inter alia, Cyprus properties.
The Company also notes that the Cyprus authorities have indicated that they would explore the introduction in the near future of alternative investment incentives to replace the existing citizenship programme.
The Cyprus Permanent Residence programme which offers permanent residence status to foreign individuals with a minimum EUR0.3 million property investment in Cyprus remains in place.
The Company is monitoring these developments in close cooperation with the management team at Aristo Developers Ltd ("Aristo"), the Company's 47.9% associate and one of the largest Cyprus property developers. Aristo is likely to remain affected by the COVID-19 pandemic, exacerbated by the expected impact in the short term of the existing citizenship investment programme cancellation. Additional updates will be provided as appropriate.
For further information, please contact:
Dolphin Capital Investors Andrew M Coppel, CBE +44 (0) 7785 577023 Dolphin Capital Partners miltos@dolphincp.com Miltos E Kambourides Panmure Gordon (Broker) Dominic Morley +44 (0) 20 7886 2500 Grant Thornton UK LLP (Nominated Adviser) Philip Secrett +44 (0) 20 7383 5100 Instinctif (PR Communications Adviser) Mark Garraway +44 (0) 20 7457 2007
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(END) Dow Jones Newswires
October 15, 2020 11:27 ET (15:27 GMT)
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