REG - Dolphin Capital Inv - Shareholder Loans

DCI AdvisorsAnnouncement

26/05/2023 14:30

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RNS Number : 8538A  Dolphin Capital Investors Limited  26 May 2023

Dolphin Capital Investors Limited

(the "Company" or "DCI")

Shareholder Loans

and

Related Party Transaction

 

26(th) May 2023

 

Following on from previous RNS announcements, the Board of the Company has
drawn down the third of a number of loan agreements with DCI shareholders
which are 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"). This loan has been made
by Discover Investment Company which is a Related Party as disclosed in the
RNS announcement that the Company issued on 19(th) April 2023.

 

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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