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On 26 October 2026, DCI Advisors Ltd announced that its subsidiary DCI Holdings Four Limited entered into a binding agreement to sell land in Peyia, Cyprus, for €2,800,000 plus VAT, compared to its 30 June 2026 carrying valuation of €2,511,000. DCI received a deposit of €800,000 plus VAT, with completion expected within four months. Additionally, subsidiary DCI Holdings One Limited agreed to acquire Dolphin Capital Partners' 16.65% stake in DCI Holdings Four Limited for an estimated cash consideration of approximately €2,500,000 plus VAT within 30 days of the sale's completion.
| Date | 26 Oct 2026 |
| Time | 08:26:54 |
| Category | Disposals |
| ID | 4116A |
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
DCI Advisors Ltd
(the "Company" or "DCI")
Sale of Peyia Land in Cyprus
26 October 2026
The Directors of the Company are pleased to announce that terms have been agreed for the sale of the land located at Peyia, Paphos, Cyprus, which is held by its subsidiary DCI Holdings Four Limited ("DCI H4"), for a consideration of €2,800,000 plus VAT, compared to the latest carrying valuation at 30 June 2026 of €2,511,000. DCI H4's equity is ultimately 83.35% owned by DCI through DCI Holdings One Limited ("DCI H1").
DCI H4 has entered into a binding Sale Agreement and has received a deposit of €800,000 plus VAT. The balance of the purchase price is payable upon completion of the transaction, which is expected to occur within four months, subject to obtaining the relevant tax clearances and the other terms of the Sale Agreement.
In addition, to give effect to the settlement agreement between DCI and Dolphin Capital Partners ("DCP") entered into in 2025, DCI H1 has entered into a binding side letter to buy the 16.65% holding in DCI H4 beneficially owned by DCP through an affiliate vehicle. DCI H1 will pay a cash consideration for the shares within 30 days of the completion of the sale, reflecting DCP's pro rata share of the net proceeds of the sale, which depending on transaction costs is expected to be approximately €2,500,000 plus VAT, in total. As DCP holds an interest of greater than 10% in DCI H4 it is treated as a related party under the AIM Rules for Companies and the purchase of its equity is a related party transaction. The directors of the Company consider, having consulted with Cavendish, its nominated adviser, that the terms of the transaction are fair and reasonable insofar as DCI shareholders are concerned.
The Company will provide further updates to shareholders when appropriate in due course.
Enquiries
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Cavendish Capital Markets (Nominated Adviser & Broker) Giles Balleny/Edward Whiley (Corporate Finance) Pauline Tribe (Sales) |
+44 (0) 20 7220 0500 |
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FIM Capital Limited (Administrator) Corporate Governance |