DCI Advisors Limited Further Shareholder Loan
09 Febrero 2024 - 11:07AM
RNS Regulatory News
RNS Number : 7142C
DCI Advisors Limited
09 February 2024
DCI Advisors
Ltd
(the
"Company" or "DCI")
Further Shareholder
Loan
9
February 2024
The Board of the Company has entered
into another loan agreement for €350,000 with a DCI shareholder to
provide additional working capital to the Company (the "Shareholder
Loan"). The shareholder providing this loan has previously entered
into a loan agreement with the Company for €350,000 in October
2023. To date, the Company has received seven loans of €350,000
each and two loans from funds managed by a single shareholder
amounting to US$330,000 in aggregate. The first six loans made up
to September 2023 have identical terms to one another (other than
their date of initiation and currency of denomination) 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. Shareholder Loans
made after September 2023 have identical terms with the previous
loans, except that there is no right of prepayment by the Company
and they will therefore last 12 months. The Company's intention is
to repay all outstanding Shareholder Loans from the proceeds of the
sale of Company assets. When combined with the Shareholder Loans
announced previously, all of the Shareholder Loans received to date
are now expected to total up to €3.1 million in
aggregate.
As previously announced, collateral
in the form of security over certain Company assets will be put in
place using normal commercial terms which will exceed the aggregate
value of each of the loans. In addition, the Board has agreed that
the Company will guarantee the repayment of the latest loan and all
Shareholder Loans received to date.
Enquiries
DCI
Advisors Ltd
Nicolai Huls / Nick Paris, Managing
Directors
|
nickparis@btinternet.com
+44 (0) 7738 470550
|
Cavendish Capital Markets (Nominated Adviser &
Broker)
James King / Jonny Franklin-Adams /
Edward Whiley / Oscar Valeur-Adu (Corporate Finance)
Pauline Tribe (Sales)
|
+44 (0) 20 7220 0500
|
FIM
Capital Limited (Administrator)
Lesley Lennon / Grainne Devlin
(Corporate Governance)
|
llennon@fim.co.im
/ gdevlin@fim.co.im
|
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END
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