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21 May 2025 23:11:51
- Source: Sharecast
DCI Advisors Ltd
(the "Company" or "DCI")
Shareholder Loan
The Board of the Company has entered into a further loan agreement for €1,000,000 with a minority DCI shareholder to provide additional working capital to the Company. The shareholder loan bears an interest rate of 9 per cent. per annum, with no fees payable on disbursement or repayment. If the shareholder loan is not repaid by mid-August, the interest rate will increase to 12 per cent. per annum. When combined with the shareholder loans announced previously, all of the Shareholder Loans are expected to total up to approximately €3.9 million in aggregate (the "Shareholder Loans" or "Shareholder Loan Agreements"). The Company's intention is to repay all Shareholder Loans from the proceeds of the sale of Company assets.
Enquiries
|
DCI Advisors Ltd Nicolai Huls / Nick Paris, Managing Directors |
nick.paris@dciadvisorsltd.com +44 (0) 7738 470550 |
|
Cavendish Capital Markets (Nominated Adviser & Broker) Jonny Franklin-Adams / Edward Whiley (Corporate Finance) Pauline Tribe (Sales) |
+44 (0) 20 7220 0500 |
|
FIM Capital Limited (Administrator) Lesley Lennon / Nick Oxley (Corporate Governance) |
llennon@fim.co.im/noxley@fim.co.im |
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