REG - DCI Advisors Ltd - Sale of Apollo Heights land in Cyprus

DCI AdvisorsAnnouncement

Wed 16:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250430:nRSd8896Ga&default-theme=true

RNS Number : 8896G  DCI Advisors Limited  30 April 2025

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE
INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE
REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW
BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). ON THE
PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE INFORMATION IS NOW CONSIDERED TO
BE IN THE PUBLIC DOMAIN.

DCI Advisors Ltd

(the "Company" or "DCI")

Sale of Apollo Heights land in Cyprus

30th April 2025

The Directors of the Company are pleased to announce that terms have been
agreed for the sale of the land owned by it at Apollo Heights in Paramali,
Cyprus for an agreed price of €7.5 million versus a current Net Asset Value
of €5.6 million. The Company has signed a non-binding Reservation Agreement
giving the purchaser until 30 May to complete their due diligence and sign a
binding Sale Agreement and has received a non-refundable deposit of
€250,000. Once a Sale Agreement is signed a further 25% of the sale price is
expected to be paid by the purchaser with the balance to be paid when the
transaction completes, which is expected to take up to three months. The
Company will announce updates to the receipt of potential payments in due
course.

Enquiries

 DCI Advisors Ltd                                            nick.paris@d (mailto:nick.paris@dciadvisorsltd.com) ciadvisorsltd

                                                           (mailto:nick.paris@dciadvisorsltd.com) .com
 Nicolai Huls / Nick Paris, Managing Directors               (mailto: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 (mailto:llennon@fim.co.im) /noxley@fim.co.im

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCSDDFLSEISELL