REG - DCI Advisors Ltd - Update - final pmt to be rec'd from Mr Aristodemou

DCI AdvisorsAnnouncement

22/08/2025 14:15

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RNS Number : 4873W  DCI Advisors Limited  22 August 2025

DCI Advisors Ltd

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

 

Update on the final cash payment to be received from Mr Aristodemou

22nd August 2025

 

Further to the announcement that was released by the Company on 21st February
2025, the Directors of the Company announce that the final cash payment of
€6,150,000 that is part of the transaction to sell its interests in Aristo
Developers to Mr Aristodemou was not paid on 21(st) August as tax clearance in
Cyprus for the sale transaction have not yet been received. As a result, the
Company has delayed the transfer of its remaining 908 ordinary shares in DCI
Holdings Two Limited ("DCI H2"), which owns Aristo Developers, to Mr
Aristodemou. This represents a holding of 10.68% of the ordinary shares. It is
anticipated that the clearances will be obtained within the next few months so
that this transaction can then be completed. Sean Hurst and Nicholas Paris who
are both Directors of DCI resigned from the Board of Directors of DCI H2 on
21st August as previously agreed.

 

Further announcements will be made in due course once the necessary tax
clearance is received, and the transaction can be concluded.

 

 

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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