Loan to the Company and Apt. of Alt. Director
€50,000 loan facility entered into and alternate director appointed.
- Loan amount €50,000
- Interest rate 12% per annum
- Loan term 12 months
- Total aggregate loans €3.95 million
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The Board of the Company has entered into a loan agreement for €50,000 to provide additional working capital to the Company. The loan bears an interest rate of 12 per cent. per annum, with no fees payable on disbursement or repayment and is repayable in 12 months and it has the same terms as the shareholder loans received by the Company to date. Although this loan is not from a shareholder, when combined with the shareholder loans announced previously, all of the loans total up to approximately €3.95 million in aggregate (the "Loans"). As previously notified, the Company's intention is to repay all Loans from the proceeds of the sale of Company assets. As previously announced, collateral in the form of security over certain Company assets will be put in place using normal commercial terms which will exceed the aggregate value of all of the Loans.
Appointment of Alternate Director
Mr Alexios Anastasiou has been appointed as an Alternate Director to Nicholas Paris in order to attend meetings of the DCI directors if he is unable to do so. He is based in Athens and has been closely involved in advising DCI on the development of The Kilada Hills Golf Resort for a number of years.
Pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies, the following information is disclosed in respect of Mr Alexios Demetriou Anastasiou (aged 55):
| Current Directorships | Previous Directorships held in the past five years |
| Mindcompass Overseas Agoras Anaptyxis kai Ekmentalleusi Akiniton S.A. | Zoniro Kataskeuasti ki Techniki Symvouleutiki Anaptyxis Akiniton Monoprosopi S.A. |
| Mindcompass Overseas Two Agoras Anaptyxis kai Ekmentalleusi Akiniton S.A. | Attis Akiniton kai Kataskeunon Emporiki kai Techniki S.A. |
| Mindcompass Parks Agoras Anaptyxis kai Ekmentalleusi Akiniton S.A. | Omnieview Monoprosopi Agoras Anaptyxis kai Ekmentalleusis Akiniton S.A. |
| Scorpio Bay Resort Agoras Anaptyxis kai Ekmentalleusi Akiniton S.A. | Aristo Ntevelopers Ktimatiki, Techniki, Oikodomiki, Touristiki, Xenodocheiaki, Emporiki S.A. |
| Golfing Developments Meletitiki Kataskeuastiki S.A. | Varma Developers S.A. |
Etaireia Anaptyxeos Kritis Ktimatiki, Techniki, Touristiki, Emporiki S.A.
Anastasiou A. & Sia L.P
Ingenium Developments L.P
Iglide Single Member P.C
Blocktopus P.C.
Meteorologica P.C.
Pythagoras Systems Single Member Ltd.
Zeus Partners Ltd
I4CU Limited
Mr Anastasiou does not currently hold any shares in the Company. There is no further information regarding Mr Alexios Anastasiou required to be disclosed under the AIM Rules.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.