REG - DCI Advisors Ltd - Filing of Claim Form

DCI AdvisorsAnnouncement

19/06/2024 16:00

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RNS Number : 1090T  DCI Advisors Limited  19 June 2024

DCI Advisors Limited

(the "Company" or "DCI"))

 

 

Filing of Claim Form

19 June 2024

 

The board of the Company has received notification that Miltos Kambourides and
Michael Tsirikos have filed a counterclaim against the Company in the Greek
Court. The Company believes the Counterclaim to be a response to the Company's
criminal and civil claims against these and seven other people. The Company
considers these claims to be opportunistic and without merit and will be
defending them vigorously.

 

We also would like to use this opportunity to update shareholders about our
recent legal win in Greece. DCP's close business partner Zoniro last year
started legal proceedings against one of DCI's subsidiaries in Greece. The
outcome of this legal proceeding was concluded in favour of DCI. As a result
close to €500k in cash will be freed up over time for DCI's operations in
Greece. We believe this judgement makes clear that the Greek legal system
understands the nature of the dispute and its extent and gravity.

 

Enquiries

 DCI Advisors Ltd

 Nicolai Huls / Nick Paris, Managing Directors                              nick.paris@dciadvisorsltd.com (mailto:nick.paris@dciadvisorsltd.com)

                                                                            +44 (0) 7738 470550
 Cavendish Capital Markets (Nominated Adviser & Broker)

 James King / Jonny Franklin‐Adams / Edward Whiley / Oscar Valeur‐Adu
 (Corporate Finance)

                                                                          +44 (0) 20 7220 0500
 Pauline Tribe (Sales)
 FIM Capital Limited (Administrator)                                        llennon@fim.co.im (mailto:llennon@fim.co.im) / gdevlin@fim.co.im

                                                                          (mailto:gdevlin@fim.co.im)
 Lesley Lennon / Grainne Devlin (Corporate Governance)

 

 

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