Business
Pre-Close Trading Update
Pre-Close Trading Update.
About this update from Dci Advisors Limited
[{"type":"text","content":"\n RNS Number : 6357Z Dolphin Capital Investors Limited 22 July 2008 \n \n22 July 2008 \nDOLPHIN CAPITAL INVESTORS LIMITED \n('Dolphin' or the 'Company')\n\nShare Buy-back Announcement and Pre-Close Trading Update\n\nDolphin Capital Investors Limited ('Dolphin' or the 'Company'), the leading investor in the residential resort sector in south-east Europe and the largest real estate investment company listed on AIM, announces that it has entered into irrevocable and non-discretionary arrangements with Panmure Gordon to repurchase on its behalf and within certain pre-set parameters, ordinary shares in the Company during the period commencing 23 July 2008 and ending on 22 September 2008. This arrangement is in accordance with the Company's general authority to repurchase shares. To date, Dolphin has invested circa €28.6 million (including transaction costs) in purchasing 24.55 million of its shares at an average share price of 93.4p.\n\nFurthermore, since its Q1 2008 NAV and trading update on 12 June 2008, Dolphin has continued to progress its investment and development activities. Notable achievements include the following:\n\n\n\n\n\n\n1.\n\n\nKilada Hills, Greece: Final construction permits for Kilada Hills' leisure components, which include the new designs and location of the main GHM hotel buildings, restaurants, club suites and spa, have been received.\n\n\n\n\n\n2.\n\n\nSeascape Hills, Greece: Final construction permits for Seascape Hills' first phase of development, which includes the main Aman hotel buildings, spa and hotel pavilions, have been received.\n\n\n\n\n\n3.\n\n\nTriopetra, Greece: Purchase of a 134,315m2 site, along one of southern Crete's most spectacular sandy beaches in Akoumia, Rethymno. The site acquisition, which represents Dolphin's third strategic investment in Crete, was completed for a total cash investment of €3.5 million including closing costs. This site is a valuable addition to&...