REG - DCI Advisors Ltd - Legal Update

DCI AdvisorsAnnouncement

08/07/2024 09:30

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RNS Number : 4934V  DCI Advisors Limited  08 July 2024

DCI Advisors Limited

(the "Company" or "DCI")

 

 

Legal Update

8 July 2024

 

The board of the Company has been informed that Miltos Kambourides, Michael
Tsirikos and some other people who worked for or were associated with Dolphin
Capital Partners ("DCP"), the former Investment Manager of the Company
(together the "Group") against whom DCI filed a lawsuit in December 2023 for
money laundering and disloyalty against the Company, claim that they have
filed a criminal lawsuit against Nicolai Huls, Nick Paris and certain other
individuals connected to the current management of DCI. The Group claims that
the accusations made against them are false and were known to be false by the
complainants (DCI) when they made their complaint.

 

DCI is fully convinced this action is baseless and an attempt by DCP to
intimidate DCI and to distract from the fact that DCP was terminated for
serious reasons in March 2023 and that since then, DCI believes it has found
more acts of wrongdoing. It must be noted that the accusations against DCI
comprise two misdemeanours while the accusations against the Group comprise
five serious felonies. DCI always treats carefully any filing of claims
against companies and individuals and does not go to court casually or with
unsubstantiated evidence. Its cases are fact based and not based on
speculation. This process is overseen by a group of five law firms
specializing in civil and criminal law.

 

 Further announcements will be made if necessary in due course.

 

 

Enquiries

 DCI Advisors Ltd

 Nicolai Huls / Nick Paris, Managing Directors                              nick.paris@dciadvisorsltd.com (mailto:nick.paris@dciadvisorsltd.com)

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

 James King / Jonny Franklin‐Adams / Edward Whiley / Oscar Valeur‐Adu
 (Corporate Finance)

                                                                          +44 (0) 20 7220 0500
 Pauline Tribe (Sales)
 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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