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LONDON - DCI Advisors Limited, a financial advisory firm, has entered into two new loan agreements totaling €125,000 with a shareholder to bolster its working capital, the company disclosed on Friday. These agreements raise the total number of outstanding shareholder loans to 11, with a combined value of approximately €2.8 million.
The first shareholder loan, initiated before September 2023, was a 12-month term at a 12% annual interest rate, with no disbursement or repayment fees. Subsequent loans, including the latest, share the same terms, except for the absence of a prepayment option, thus also extending for 12 months. The company plans to repay all shareholder loans through the sale of company assets.
Nick Paris, a co-Managing Director of DCI who holds a 0.18% stake in the company, has provided the new loans. The transactions with Paris are considered related party transactions under Rule 13 of the AIM Rules for Companies. One loan agreement with Paris was made for €100,000, and another for €25,000 was entered into on February 12, 2025. Additionally, the terms of an initial loan from April 2024 to Paris have been amended to extend the settlement period by six months, now due on October 15, 2025.
The company’s directors, with the exception of Paris, have consulted with Cavendish Capital Markets Limited and deem the terms of the loan agreements with Paris, and the amendment to the April 2024 loan, to be fair and reasonable for shareholders.
DCI Advisors also plans to secure the loans with collateral exceeding the value of the loans and has agreed to guarantee the repayment of the latest loan and all shareholder loans received to date. Further announcements are expected once the company finalizes new security agreements.
The information in this article is based on a press release statement from DCI Advisors Limited.
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