Business
Director's Shareholding
Director's Shareholding.
About this update from Dci Advisors Limited
[{"type":"text","content":"\n RNS Number : 3887G Dolphin Capital Investors Limited 22 October 2008 \n \n22 October 2008 \nDOLPHIN CAPITAL INVESTORS LIMITED\nDirector's Shareholding\nDolphin Capital Investors Limited ('DCI' or the 'Company') announces that Dolphin Capital Participations Limited ('DCPart'), a wholly owned subsidiary of Dolphin Capital Holdings Limited ('DCH') in turn owned 75% by Mr. Kambourides, has on 21 of October 2008 charged 11,674,449 DCI common shares as additional security for its existing loan facility from Bank of Cyprus Public Company Limited ('BoC'). \n\nThe charging of these common shares follows the initial charge of 25,000,000 common shares announced by the Company on the 12th of May 2008 which was done to enable DCPart to potentially proceed with further purchases of common shares in the Company. The charging of the common shares constitutes a share dealing pursuant to the AIM Rules and by dint of his interest in DCPart, a notifiable dealing by Miltos Kambourides as a director of the Company. DCPart will maintain the voting rights of the charged shares and will remain entitled to any corresponding dividends payable to the charged shares, whilst the terms of the facility are complied with. \n\nTo allow for BoC to take a legal charge over 6,535,149 DCI common shares of the total 11,674,449 to be charged, the Company and Panmure Gordon have consented to a release of the terms of the DCPart lock-up undertaking for these 6,535,149 DCI common shares. Any of these 6,535,149 DCI common shares and any of the 25,000,000 common shares initially charged which are subsequently released from the legal charge to BoC will remain subject to the terms of the DCPart lock-up undertaking which expires in March 2010. The 31,535,149 shares were issued to DCPart on 25 March 2008 following the exercise of over-performance warrants. \n\nFollowing the charging of the common shares held by DCPart, the total number of common shares in the Company controlled by Miltos Kambourides wh...