Business
Completion of Tender Offer for Playa Grande Bonds
Completion of Tender Offer for Playa Grande Bonds.
About this update from Dci Advisors Limited
[{"type":"text","content":"\n \nRNS Number : 6797C Dolphin Capital Investors Limited 18 April 2013 \n \n\n18 April 2013\n \nDOLPHIN CAPITAL INVESTORS LIMITED(\"Dolphin\" or the \"Company\")\nCompletion of Tender Offer for Playa Grande Bonds and Issue of US$ Convertible Bonds\n- Change of Trading Platform -\nDolphin, a leading global investor in the residential resort sector in emerging markets and one of the largest real estate investment companies quoted on AIM in terms of net assets is pleased to make the following announcements:\n \nCompletion of Tender Offer for Playa Grande Bonds and Issue of US$ Convertible Bonds\n \nFurther to the Company's announcement on 14 March 2013, the Tender Offer for the Playa Grande Bonds launched by the Company's subsidiary DCI Holdings Seven Ltd expired on 17 April 2013 and Playa Grande Bonds with an aggregate principal value of US$ 8,910,000 have been successfully tendered. Dolphin is expected to issue US$ 9,170,000 of new US$ Convertible Bonds on 23 April 2013 to fund the consideration payable pursuant to the Tender Offer. The Playa Grande Bonds purchased by DCI Holdings Seven Ltd pursuant to the Tender Offer will be cancelled.\n \nDefined terms used in this announcement have the same meanings as in the Company's circular to shareholders dated 15 March 2013. \n \n \nChange of Trading Platform\n \nThe Company has arranged with the London Stock Exchange to migrate from the SEAQ quote driven trading platform to the SETqx trading platform which, in addition to the continuous quote driven market making, supports four electronic auctions daily.The migration to the SETqx trading platform will become effective from Friday 19 April 2013.\n \n \n \n \nFor further information, please contact:\n\n\n\n\n \nDolphin Capital Partners\nMiltos E. Kambourides\nPierre A. Charalambides\nKaterina G. Katopis\nEleni Florou\n\n\n \n \[email protected]\[email protected]\[email protected]\[email protected]\n\n\n\n\n \n \nPanmure Gordon\n(Broker)\nRichard Gray / Dominic Morley / Andrew Potts\n \n\n\n \n \n+44 (0) 20 7886 2500\n \n\n\n\n\n \nGrant Thornton Corporate Finance\n(Nominated Adviser)\nPhilip Secrett\n \n\n\n \n+44 (0) 20 7383 5100\n\n\n\n\n \nFTI Consulting, London\nStephanie Highett\nWill Henderson...