Apollo land plots sale completed
DCI Advisors Ltd has completed the sale of 24 land plots at Apollo Heights in Cyprus, receiving net sale proceeds of €3.5 million after paying €1.1 million in capital gains taxes and accounting for VAT and other transaction costs. An additional €2.25 million was received in July 2025 upon contract signing. The company will use these funds for shareholder loan repayment, trade creditors, and general working capital. The sale of the remaining 3 land plots for €0.65 million is pending final tax clearances and corporate actions.
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596/2014 AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
DCI Advisors Ltd
(the "Company" or "DCI")
Completion of the sale of certain Apollo land plots in Cyprus
Further to the announcements released on 2nd July 2025, and 20 April 2025, respectively, the Directors are pleased to announce the completion of the sale of 24 land plots located at Apollo Heights in Paramali, Cyprus for their previously agreed sale prices. Following the payment of €1.1 million in capital gains taxes on the whole sale transaction, net sale proceeds of €3.5 million (after adjustment for VAT and other Cyprus transaction costs) have been received by the Company, which will be used to repay some of the outstanding shareholder loans, trade creditors and for general working capital purposes. €2.25m was previously received by the Company in July 2025 following signing of the contracts.
The completion of the sale of the remaining 3 land plots for the agreed aggregate sale price of €0.65 million will proceed, pending the final tax clearances and completion of other corporate actions.
The Company will announce further updates in due course.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.