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 €2.0 million in aggregate (the "Shareholder Loans" or "Shareholder Loan Agreements"). All four of the loans amounting to €350,000 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 Nicolai Huls / Nick Paris, Managing Directors | nickparis@btinternet.com +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) Lesley Lennon / Grainne Devlin (Corporate Governance) | llennon@fim.co.im / gdevlin@fim.co.im
|
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