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RNS Number : 4430E DCI Advisors Limited 29 June 2023
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 nickparis@btinternet.com
Nicolai Huls / Nick Paris, Managing Directors +44 (0) 7738 470550
finnCap (Nominated Adviser & Broker)
William Marle / Jonny Franklin-Adams / Edward Whiley / Milesh Hindocha
(Corporate Finance)
+44 (0) 20 7220 0500
Mark Whitfeld / 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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