Dolphin Capital Investors Limited
(the "Company" or "DCI")
Shareholder Loans
and
Related Party Transaction
26th 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 19th 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) Mark Whitfeld / Pauline Tribe (Sales) |
+44 (0) 20 7220 0500 |
| FIM Capital Limited (Administrator) Lesley Lennon / Grainne Devlin (Corporate Governance) | llennon@fim.co.im / gdevlin@fim.co.im
|
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