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LONDON - DCI Advisors Ltd (DCI) has entered into a new €400,000 loan agreement with Discover Investment Company (DIC) to provide additional working capital and support the implementation of the company’s strategy, according to a press release issued Thursday.
The new financing follows the repayment of a previously announced €1 million shareholder loan on May 21, 2025. DIC had previously provided loans to DCI totaling €350,000 in May 2023, which was repaid in April 2025, and another €350,000 in July 2024, which remains outstanding.
The transaction constitutes a related party transaction under AIM Rule 13, as Nicolai Huls serves as both Managing Director of DCI and Director of DIC. The company’s directors, excluding Huls, have consulted with nominated adviser Cavendish Capital Markets Limited and determined that the loan terms are "fair and reasonable" for shareholders.
DCI has received a total of 23 shareholder loans to date, with 16 still outstanding, amounting to approximately €4.725 million. The company intends to repay all outstanding shareholder loans from proceeds generated by the sale of company assets.
The company stated that collateral in the form of security over certain company assets will be established using "normal commercial terms" that will exceed the aggregate value of each loan. Additionally, DCI’s board has agreed that the company will guarantee repayment of the latest loan and all shareholder loans received to date.
A further announcement regarding new security agreements is expected once they have been finalized.
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