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Transfer of land plots

7 May 2025 10:29

RNS Number : 6861H
DCI Advisors Limited
07 May 2025
 

DCI Advisors Ltd

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

 

Transfer of land plots

 

7 May 2025

 

Further to the announcement that was released by the Company on 21 February 2025, the Directors of the Company are pleased to announce that the three plots of residential land located around Paphos in Cyprus that are part of the transaction to sell our interests in Aristo Developers to

Mr Aristodemou have now been transferred to the Company.

 

In exchange for the land plots which were transacted at €12.8 million (inclusive of VAT) as per independent valuation made, the Company has transferred a further ordinary 1,887 shares in DCI Holdings Two Limited, which owns Aristo Developers, and the Company's holding in that company has now fallen to 17.81% of the total number of ordinary shares in issue.

 

The land plots have division planning permissions and are to be sold by the Company rather than be developed so they will be retained as current assets in the accounting records. One plot of land is located in Peyia which is a popular residential village to the west of Paphos and it comprises 12 individual building sites on which 12 separate residential houses can be constructed. It benefits from far reaching views across the coast at Coral Bay. The other two plots are adjacent to each other and are located on the seafront near the village of Mandria to the east of Paphos and comprise a total of 38,000 square meters of development land. The sale process for these plots is now underway.

 

Enquiries

DCI Advisors Ltd

Nicolai Huls / Nick Paris, Managing Directors

 

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)

Lesley Lennon / Nick Oxley (Corporate Governance)

 

llennon@fim.co.im / noxley@fim.co.im

 

 

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UPDARMLTMTTMMIA
Date   Source Headline
23rd Jun 20261:19 pmRNSApollo land plots sale completed
29th May 20262:11 pmRNSResult of AGM
29th May 202610:48 amRNSHolding(s) in Company
27th May 202610:44 amRNSResult of AGM
19th May 202612:47 pmRNSAGM - FURTHER UPDATE
18th May 20264:35 pmRNSAMENDED AGM Update
18th May 20262:42 pmRNSAGM Update
12th May 202611:56 amRNSBusiness Update
8th May 20264:00 pmRNSNotice of AGM
17th Apr 20263:41 pmRNSTR Major Holding Notification
30th Mar 20262:08 pmRNSUnaudited Condensed Consolidated Interim Accounts
20th Mar 20264:12 pmRNSChange of Board Committee members
31st Dec 20251:29 pmRNSAnnual Financial Report
31st Dec 20251:29 pmRNSAnnual Financial Report
28th Oct 20258:52 amRNSCorrection to Directorate Change announcement
23rd Oct 20258:22 amRNSDirectorate Change
10th Oct 20251:36 pmRNSResult of EGM and Directorate Changes
29th Sep 20259:39 amRNSTR-1 Standard form- notification of major holdings
26th Sep 20259:17 amRNSExtraordinary General Meeting Update
25th Sep 20258:57 amRNSShareholder Update
12th Sep 202512:48 pmRNSFinal Settlement & Resolution of legal disputes
29th Aug 202512:18 pmRNSFurther Re Shareholder Loan
28th Aug 20252:22 pmRNSShareholder Loan
22nd Aug 20252:13 pmRNSUpdate - final pmt to be rec'd from Mr Aristodemou
11th Aug 20259:08 amRNSExtraordinary General Meeting Update
8th Jul 20252:33 pmRNSExtraordinary General Meeting Update
2nd Jul 202512:31 pmRNSSale of Apollo Heights land in Cyprus
12th Jun 20252:20 pmRNSTR1-Standard form - notification of major holdings
11th Jun 202512:51 pmRNSLoan to the Company and Apt. of Alt. Director
21st May 20254:37 pmRNSShareholder Loan
21st May 20253:10 pmRNSSecond cash payment received from Mr Aristodemou
19th May 20257:00 amRNSExtraordinary General Meeting Update
16th May 20254:24 pmRNSShareholder Loans & Related Party Transactions
7th May 202510:29 amRNSTransfer of land plots
30th Apr 20253:45 pmRNSSale of Apollo Heights land in Cyprus
22nd Apr 20252:34 pmRNSEGM Update & Location Change
15th Apr 20252:46 pmRNSNotification - change in substantial shareholding
28th Mar 20253:29 pmRNSUnaudited Interim Results to 31 December 2024
26th Mar 20259:13 amRNSExtraordinary General Meeting Update
27th Feb 20255:07 pmRNSResult of AGM
25th Feb 20257:00 amRNSExtraordinary General Meeting Update
21st Feb 20252:10 pmRNSSale of interests
10th Feb 20254:22 pmRNSNotice of AGM
24th Jan 20257:30 amRNSRestoration - DCI Advisors Ltd
23rd Jan 20255:30 pmRNSHalf-year Report
15th Jan 20258:00 amRNSReadmission - DCI Advisors Ltd
8th Jan 20258:00 amRNSSchedule One Update - DCI Advisors Limited
7th Jan 20256:05 pmRNSFurther update on Re-domicile Timings
7th Jan 202511:00 amRNSSchedule One Update - DCI Advisors Limited
6th Jan 20254:33 pmRNSUpdate on Re-domicile Timings

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