TIDMDCI

RNS Number : 4430E

DCI Advisors Limited

29 June 2023

DCI Advisors Ltd

(the "Company" or "DCI")

Shareholder Loans

29 June 2023

The Board of the Company has entered into a fourth loan agreement with a DCI shareholder each of which is 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"). All four of the loans amounting to EUR350,000 each have now been advanced to the Company. These Shareholder Loans 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 by 30 September 2023, collateral in the form of security over certain Company assets will be put in place which would exceed the aggregate value of the loans.

Enquiries

 
 DCI Advisors Ltd                                                                nickparis@btinternet.com 
  Nicolai Huls / Nick Paris, Managing Directors                                   +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) 
                                                                                --------------------------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCSEAFIUEDSELM

(END) Dow Jones Newswires

June 29, 2023 11:50 ET (15:50 GMT)

Dci Advisors (LSE:DCI)
Gráfica de Acción Histórica
De Abr 2024 a May 2024 Haga Click aquí para más Gráficas Dci Advisors.
Dci Advisors (LSE:DCI)
Gráfica de Acción Histórica
De May 2023 a May 2024 Haga Click aquí para más Gráficas Dci Advisors.