Business
AMENDED AGM Update
DCI Advisors Limited has issued an amendment to its AGM Update announcement, correcting a URL error while confirming all other details remain unchanged. The company's Board recommends shareholders vote in favour of all resolutions at the upcoming AGM on May 26, 2026, including the adoption of the audited Report and Accounts for the eighteen-month period ended June 30, 2025, and the re-appointment of Grant Thornton as auditor. Resolutions 3 and 4 propose the re-appointment of Managing Directors Nicolai Huls and Nicholas Paris for three years, who have made significant progress in asset realisation despite complex market conditions and inherited issues, with their current termination payments estimated at €263,200 each, though they are open to waiving these. Resolution 5 seeks the re-appointment of Nikiforos Charagkionis, who receives a €60,000 annual fee plus a €1,000 per diem allowance for travel. Resolution 6 proposes the appointment of Oliver Corlette, a significant shareholder with 1.3% of outstanding shares, who brings extensive real estate investment and development experience. Resolution 7 concerns the renewal of the company's share buyback authority, allowing for up to 14...
About this update from Dci Advisors Limited
[{"type":"text","content":"\n\nThe following amendment have been made to the 'AGM Update' announcement released on 18/05/2026 at 14:42 under RNS No 7731E.\n \nPrevious annoucement had an error in the URL. \n \nAll other details remain unchanged.\n \nThe full amended text is shown below.\n\nDCI Advisors Ltd\n(the \"Company\" or \"DCI\")\nCommentary on the 2026 Annual General Meeting (\"AGM\")\nAnd\nProposed Directorate Change\n18 May 2026\nThe Board recommends that shareholders vote in favour of all of the resolutions at the AGM as they believe that they are in the interest of all shareholders and of the Company as a whole.\nFurther to the issue of the Notice of the 2026 AGM on 8 May 2026 (which is to be held at 11.30am CEST/10.30am BST on 26 May 2026) and the trading update issued on 12 May 2026, the Directors set out their commentary and recommendation on the resolutions that have been proposed. The AGM notice itself is available to view on the Company's website: www.dciadvisorsltd.com and all shareholders are urged to vote at the meeting either in person or by proxy. Shareholders should note that proxies need to be returned to the Company's registrar by no later than 11.30am CEST/10.30am BST on 21 May 2026.\nAll of the resolutions have been proposed as ordinary resolutions and each requires the approval of more than 50% of those voting at the AGM in order to be passed. The resolutions and the Director's commentary on them are as follows:\nResolution 1 - Adoption of the audited Report and Accounts for the Company for the eighteen-month period ended 30 June 2025.\nThe audited Report and Accounts were published on 31 December 2025 and are available on https://www.dciadvisorsltd.com/investor-relations/reports/index.html . \nThe Board recommends that shareholders vote in favour of Resolution 1.\nResolution 2 - The re-appointment of Grant Thornton as auditor.\nGrant Thornton was appointed as the Company's auditor in September 2025 and their first audit was conducted for the eighteen month period ending 30 June 2025.\nThe Board recommends that shareholders vote in favour of Resolution 2.\nResolutions 3 and 4 - The re-appointment of each of Mr Nicolai Huls and Mr Nicholas Paris as Directors for a period of three years as they are retiring by rotation.\nBoth Nicolai and Nick are Managing Directors of the Company. They m...