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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 | 4.84 | 4.70 | 4.75 | 15,000 | 08:00:28 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Agents & Mgrs | 318k | -6.92M | -0.0077 | -6.10 | 42.52M |
From May 2019 to May 2024
TIDMDCI
RNS Number : 6090J
Dolphin Capital Investors Limited
03 April 2018
3 April 2018
DOLPHIN CAPITAL INVESTORS LIMITED
("DCI" or "Dolphin" or the "Company",
together with its subsidiaries, the "Group")
Completion of the disposal of the Sitia Bay project
Notice of 2017 Annual Results
DCI, a leading investor in high-end residential resorts in the eastern Mediterranean, is pleased to announce that the disposal of its 78% interest in the Sitia Bay Resort project, the Group's residential resort development in Sitia, eastern Crete, to its minority partner in the project, Iktinos Hellas S.A. (the "Acquirer"), which was announced on 19 January 2018, has been completed for a total cash consideration of EUR14.0 million.
The Acquirer paid EUR12.6 million to DCI on 3 April 2018 (the first day when banks where open for business after 31 March) which, together with the first instalment of EUR1.4 million received on 22 January 2018, entitled it to the agreed EUR1 million early payment discount from the original EUR15.0 million disposal consideration.
The final disposal consideration of EUR14.0 million is equal to Sitia Bay's Net Asset Value after Deferred Income Tax Liabilities included in DCI's financial statements as at 30 June 2017.
Notice of 2017 Annual Results
Dolphin will announce its Annual Results for the year ended 31 December 2017 on Tuesday 8 May 2018 which will include an update on trading.
Enquiries:
Hot Features
Premium
Dolphin Capital Investors
Andrew Coppel, CBE +44 (0) 7785 577023
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
Instinctif Partners
(PR Communications Adviser)
Mark Garraway +44 20 7457 2020
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISDMGGDLFMGRZG
(END) Dow Jones Newswires
April 03, 2018 05:44 ET (09:44 GMT)
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