REG - DCI Advisors Ltd - Update on Kilada Country Club, Golf & Residences

DCI AdvisorsAnnouncement

05/06/2024 12:15

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RNS Number : 2530R  DCI Advisors Limited  05 June 2024

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                              nickparis@btinternet.com (mailto:nickparis@btinternet.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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