REG - DCI Advisors Ltd - Transfer of land plots

DCI AdvisorsAnnouncement

07/05/2025 10:30

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RNS Number : 6861H  DCI Advisors Limited  07 May 2025

DCI Advisors Ltd

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

 

Transfer of land plots

 

7 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 three
plots of residential land located around Paphos in Cyprus that are part of the
transaction to sell our interests in Aristo Developers to

Mr Aristodemou have now been transferred to the Company.

 

In exchange for the land plots which were transacted at €12.8 million
(inclusive of VAT) as per independent valuation made, the Company has
transferred a further ordinary 1,887 shares in DCI Holdings Two Limited, which
owns Aristo Developers, and the Company's holding in that company has now
fallen to 17.81% of the total number of ordinary shares in issue.

 

The land plots have division planning permissions and are to be sold by the
Company rather than be developed so they will be retained as current assets in
the accounting records. One plot of land is located in Peyia which is a
popular residential village to the west of Paphos and it comprises 12
individual building sites on which 12 separate residential houses can be
constructed. It benefits from far reaching views across the coast at Coral
Bay. The other two plots are adjacent to each other and are located on the
seafront near the village of Mandria to the east of Paphos and comprise a
total of 38,000 square meters of development land. The sale process for these
plots is now underway.

 

 

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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