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RNS Number : 8775X Dolphin Capital Investors Limited 28 April 2023
Dolphin Capital Investors Limited
(the "Company" or "DCI")
Shareholder Loans
28 April 2023
The Board of the Company has entered into a third loan agreement with DCI
shareholders and these are intended to provide additional working capital to
the Company, and they are expected to amount to up to €2.0 million in
aggregate (the "Shareholder Loans" or "Shareholder Loan Agreements"). Two of
the loans amounting to €350,000 have now been advanced to the Company and
the other has yet to be funded. These Shareholder Loans each 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 within six months from initiation,
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
Dolphin Capital Investors
Nicolai Huls / Nick Paris, Managing Directors nickparis@btinternet.com
+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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