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On 05 June 2024, DCI Advisors Limited's board informed shareholders that a Memorandum of Understanding was signed with a potential buyer. This MoU is for DCI's stake in the Kilada asset and grants the potential buyer an initial exclusivity period of 90 days to complete due diligence and present an offer.
| Date | 5 Jun 2024 |
| Time | 12:10:22 |
| Category | Corporate updates |
| ID | 2530R |
DCI Advisors Limited
(the "Company" or "DCI"))
Update on Kilada Country Club, Golf & Residences
5 June 2024
The DCI board wishes to inform shareholders that a Memorandum of Understanding has been signed with a potential buyer for DCI 's stake in the Kilada asset which gives the potential buyer an initial exclusivity period of 90 days to complete further due diligence in order to present an offer.
The potential buyer has the knowledge and strong experience in managing developments like the Kilada Country Club, Golf & Residences and are happy to get involved in finalising phase I of the development, being the 18 holes golf course plus country club.
A further announcement will be made when appropriate in due course.
Enquiries
|
DCI Advisors Ltd Nicolai Huls / Nick Paris, Managing Directors |
+44 (0) 7738 470550 |
|
Cavendish Capital Markets (Nominated Adviser & Broker) James King / Jonny Franklin‐Adams / Edward Whiley / Oscar Valeur‐Adu (Corporate Finance) Pauline Tribe (Sales) |
+44 (0) 20 7220 0500 |
|
FIM Capital Limited (Administrator) Lesley Lennon / Grainne Devlin (Corporate Governance) |
[email protected] / [email protected]
|