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IN BRIEF: DCI Advisors enters new €400,000 loan deal with Discover

ALN

DCI Advisors Ltd - British Virgin Islands-based investor in residential resorts in Greece and Cyprus - Enters new €400,000 loan agreement with Discover Investment Co, to provide additional working capital and support DCI’s implementation of its strategy. This follows DCI’s repayment of a €1 million loan with an unnamed minority shareholder agreed in May.

Discover has previously entered loan agreements with DCI for €350,000 in May 2023, which was repaid in April this year, and for another €350,000 in July 2024, which remains outstanding. To date, DCI has received 23 loans from various shareholders, of which 16, or around €4.7 million, are still outstanding. DCI intends to repay all remaining loans from proceeds of assets sales.

Current stock price: 5.20 pence, up 4.0% in London on Thursday afternoon

12-month change: up 2.0%

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