Last checked at 22 Oct 2008 07:00
22 October 2008
DOLPHIN CAPITAL INVESTORS LIMITED
Director's Shareholding
Dolphin Capital Investors Limited ("DCI" or the "Company") announces that Dolphin Capital Participations Limited ("DCPart"), a wholly owned subsidiary of Dolphin Capital Holdings Limited ("DCH") in turn owned 75% by Mr. Kambourides, has on 21 of October 2008 charged 11,674,449 DCI common shares as additional security for its existing loan facility from Bank of Cyprus Public Company Limited ("BoC").
The charging of these common shares follows the initial charge of 25,000,000 common shares announced by the Company on the 12th of May 2008 which was done to enable DCPart to potentially proceed with further purchases of common shares in the Company. The charging of the common shares constitutes a share dealing pursuant to the AIM Rules and by dint of his interest in DCPart, a notifiable dealing by Miltos Kambourides as a director of the Company. DCPart will maintain the voting rights of the charged shares and will remain entitled to any corresponding dividends payable to the charged shares, whilst the terms of the facility are complied with.
To allow for BoC to take a legal charge over 6,535,149 DCI common shares of the total 11,674,449 to be charged, the Company and Panmure Gordon have consented to a release of the terms of the DCPart lock-up undertaking for these 6,535,149 DCI common shares. Any of these 6,535,149 DCI common shares and any of the 25,000,000 common shares initially charged which are subsequently released from the legal charge to BoC will remain subject to the terms of the DCPart lock-up undertaking which expires in March 2010. The 31,535,149 shares were issued to DCPart on 25 March 2008 following the exercise of over-performance warrants.
Following the charging of the common shares held by DCPart, the total number of common shares in the Company controlled by Miltos Kambourides which are subject to a charge has changed as follows:
| PDMR | Total number of shares controlled before notification | Total number of shares controlled following notification | Total number of shares indirectly owned before notification | Total number of shares indirectly owned following notification | Total number of charged shares before notification | Total number of shares charged to BoC after notification |
| Miltos Kambourides | 58,764,449 | 58,764,449 (A) | 44,073,337 | 44,073,337 (B) | 47,090,000 | 58,764,449 (C) |
Notes:
For further information, please contact:
Dolphin Capital Partners Limited
Miltos Kambourides / Pierre Charalambides
miltos@dolphincp.com / pierre@dolphincp.com
Grant Thornton Corporate Finance Tel: +44 (0) 20 7383 5100
(Nominated Adviser)
Philip Secrett
Panmure Gordon Tel: +44 (0) 20 7459 3600
(Broker)
Richard Gray / Dominic Morley / Andrew Potts
Financial Dynamics Tel: +44 (0) 20 7831 3113
Stephanie Highett / Rachel Drysdale