REG - DCI Advisors Ltd - Second cash payment received from Mr Aristodemou

DCI AdvisorsAnnouncement

21/05/2025 15:15

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RNS Number : 6515J  DCI Advisors Limited  21 May 2025

DCI Advisors Ltd

("DCI") or the ("Company")

 

Second cash payment received from Mr Aristodemou

21 May 2025

 

Further to the announcement that was released by the Company on 21 February
2025, the Directors of the Company are pleased to announce that the second
cash payment of €4,108,830 that is part of the transaction to sell its
interests in Aristo Developers to Mr Aristodemou has now been made.

 

The Company received €908,830 and additionally €3,200,000 was paid into an
escrow account until latest 31(st) December 2026 to guarantee DCI's
obligation for its share in any liabilities that might arise on DCI Holdings
Two Limited and its subsidiaries relating to the period until Completion that
was not provided for at the time of signing the Sale and Purchase Agreement.
The remaining €6,100,000 that is due to the Company will be paid on 21(st)
August 2025, subject to tax clearances in Cyprus.

 

In exchange for these payments, the Company has transferred a further 606
ordinary shares in DCI Holdings Two Limited ("DCI H2"), which owns Aristo
Developers, to Mr Aristodemou, and the Company's holding in DCI H2 has now
fallen to 10.68% of the total number of ordinary shares in issue. The
remaining ordinary shares held by the Company in DCI H2 will be transferred to
Mr Aristodemou when the final payment is made, and the Company will issue a
further announcement at that time.

 

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 Limited (Nominated Adviser & Broker)

 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) / noxley@fim.co.im

                                                                   (mailto:noxley@fim.co.im)
 Lesley Lennon / Nick Oxley (Corporate Governance)

 

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