Business
AGM - FURTHER UPDATE
DCI Advisors Ltd announced a proposal from its Managing Directors, Nicolai Huls and Nick Paris, to waive termination fees and terminate their current appointment terms by the third anniversary of the 2026 AGM, with terms to be renegotiated thereafter. Effective January 1, 2027, they propose a combined annual fee of €250,000 and are willing to accept an incentive scheme of 1% of total distributions, subject to agreement. The Board views these changes, including the remuneration adjustments, as beneficial to the Company and shareholders, and intends to proceed with amending the contractual arrangements pending the Managing Directors' re-election at the AGM. Any new incentive scheme will require shareholder approval. Disclaimer*
About this update from Dci Advisors Limited
[{"type":"text","content":"\n\nDCI Advisors Ltd\n(the \"Company\" or \"DCI\")\n \nAGM - FURTHER UPDATE\n19 May 2026\nThis announcement should be read in conjunction with the Company's announcement issued on 18 May 2026.\nThe Board of Directors of the Company received a letter on 18 May 2026 from the Managing Directors with the following text:\nQuote\n18-5-2026\nTo the Members of the Board,\nWe would like to formally submit the following proposal for consideration in connection with the upcoming reelection and continuation of our appointments.\nSubject to reelection, we are prepared to agree to a waiver of any applicable termination fee. We further propose that our current terms of appointment be terminated by the third anniversary of the 2026 AGM, at which point all terms and conditions may be revisited and renegotiated in good faith between the parties.\nFurthermore, we are willing to accept a reduced fee structure effective as of 1 January 2027, with a combined total annual fee of €250,000 for both of us.\nIn addition, we would be willing to accept an incentive scheme for both of us along the lines of 1% of total distributions, with the exact terms and conditions to be agreed and negotiated at a later stage.\nWe believe this proposal reflects a constructive and balanced approach that supports continuity, stability, and the long-term interests of the organization.\nWe appreciate the Board's consideration and remain available to discuss the proposal further if needed. Should the Board be supportive of the above proposals, we would propose that the relevant documentation be prepared and drafted accordingly.\nWe authorise DCI with publishing the letter to shareholders.\nKind regards,\nNicolai Huls and Nick Paris\n \nUnquote\nThe Board is of the opinion that this material change to the contractual arrangements with each of the Managing Directors, including the remuneration, is in the interests of the Company and of shareholders.\nSubject to the re-election of Nicolai Huls and Nick Paris pursuant to Resolutions 3 and 4 to be considered at the AGM, the Board intends to proceed to amend the relevant contractual arrangements with each of the Managing Directors.\nAny new incentive scheme will be put to a shareholder vote. \nEnquiries\n\n\n\n\nDCI Advisors Ltd\nNicolai Huls / Nick Paris, Managing Directors\nSean Hurst, Chairman\n\n\nnick.paris@dcia...