REG - DCI Advisors Ltd - Government Grant to the Kilada Project

DCI AdvisorsAnnouncement

27/12/2023 14:30

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RNS Number : 9673X  DCI Advisors Limited  27 December 2023

DCI Advisors Limited

(the "Company")

 

 

Payment of €1.5m in government grant to the Kilada Project

 

27 December 2023

 

The Board of DCI Advisors Ltd ("DCI" or the "Company") would like to inform
shareholders that of the €6m Greek government grants the first tranche of
€1.5m was approved and paid to our Kilada project.

 

The Kilada Country Club, Golf & Residences is our main asset. Finalising
the 18-hole golf course plus the Country Club is therefore our highest
priority and we believe that we should be able to reach that target during
2024.

While the application for the payment of the first €1.5 million of €6
million was expected to be approved in October we are delighted to have now
received the approval of the first tranche of the Greek government grant. The
remaining grants will be drawn down in stages dependent on further spending on
developing the project concerned.

On the development side, construction of the centrepiece Jack Nicklaus
Signature Golf Course at Kilada continues to progress. Currently  7 holes
have been fully finalised,  3 holes are expected to be finalised in the next
of couple of months and the remainder will be finalised during 2024.

Enquiries

 DCI Advisors Ltd

 Nicolai Huls / Nick Paris, Managing Directors                                nickparis@btinternet.com (mailto:nickparis@btinternet.com)

                                                                              +44 (0) 7738 470550
 Cavendish Capital Markets (Nominated Adviser & Broker)

 William Marle / Jonny Franklin-Adams / Edward Whiley / (Corporate Finance)

 Pauline Tribe (Sales)                                                        +44 (0) 20 7220 0500
 FIM Capital Limited (Administrator)                                          llennon@fim.co.im (mailto:llennon@fim.co.im) / gdevlin@fim.co.im

                                                                            (mailto:gdevlin@fim.co.im)
 Lesley Lennon / Grainne Devlin (Corporate Governance)

 

 

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