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Shareholder Loan

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DCI takes €400,000 shareholder loan from related party; total outstanding shareholder loans now €4.725 million.

  • New shareholder loan €400,000
  • Total outstanding shareholder loans €4.725 million
  • Number of outstanding shareholder loans 16 loans
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The Board of DCI has entered into a new loan agreement with Discover Investment Company ("DIC") for €400,000 to provide additional working capital to the Company and to support DCI's board in implementing its strategy. This follows the repayment of the previously announced €1 million shareholder loan on 21 May 2025. DIC has previously entered into loan agreements with the Company for €350,000 in May 2023, which was repaid in April 2025, and for €350,000 in July 2024, which remains outstanding. To date, the Company has received 23 loans from different shareholders of which 16 are still outstanding amounting to approximately €4.725 million. The Company's intention is to repay all outstanding Shareholder Loans from the proceeds of the sale of Company assets.

The new Shareholder Loan agreement has been entered into with DIC who are considered a related party under the definition of the AIM Rules for Companies by virtue of Nicolai Huls, Managing Director of the Company, also being a Director of DIC. Accordingly, the entering into of the new Shareholder Loan agreement is deemed to be related party transaction pursuant to AIM Rule 13 of the AIM Rule for Companies.

The Company's directors (excluding Nicolai Huls) consider, having consulted with the Company's Nominated Adviser, Cavendish Capital Markets Limited, that the terms of the Shareholder Loan, as described above, is fair and reasonable insofar as the shareholders are concerned.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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