25th Mar 2008 14:15
Dolphin Capital Investors Limited25 March 2008 25 March 2008 Dolphin Capital Investors Limited ("the Company") 2007 Annual Report and Accounts and Exercise of Warrants Dolphin Capital Investors Limited today announces the release of its full set ofannual and audited accounts for the year ended 31 December 2007 - these can beviewed on the Company's website www.dolphinci.com. Furthermore, the Directors of the Company announce that on 18 March 2008,pursuant to a warrant deed dated 26 November 2007, Dolphin Capital PartnersLimited, the Company's Investment Manager has exercised its rights to 31,535,149new common shares of €0.01 each in the capital of the Company and such shareswill be issued and allotted to Dolphin Capital Participations Limited, anaffiliate of the Investment Manager, with effect from 24 March 2008. The newcommon shares will rank pari passu with the existing common shares of theCompany. Application has been made for 31,535,149 common shares to be admitted to tradingon AIM. It is expected that such admission will become effective on 26 March2008. Following this exercise the total issued share capital of the Company will be549,036,141 common shares. For further information, please contact: Dolphin Capital Investors Miltos E. Kambourides [email protected] A. Charalambides [email protected] Grant Thornton Corporate Finance Tel: +44 (0) 20 7383 5100(Nominated Adviser)Philip Secrett/Fiona Kindness Panmure Gordon Tel: +44 (0) 20 7459 3600(Broker)Richard Gray/Dominic Morley/Andrew Potts Financial Dynamics, London Tel: +44 (0) 20 7831 3113(Public Relations)Stephanie Highett/Nicole Marino Notes to Editors Dolphin Capital Investors Dolphin, currently the largest real estate investment company listed on AIM,seeks to provide shareholders with strong capital growth combined with a lowrisk profile through investing in early-stage, large-scale, leisure-integratedresidential resorts mainly in south-east Europe in partnership with worldleading designers and operators. Dolphin's shares commenced trading on AIM inDecember 2005 raising £70.7 million (€104 million) at an issue price of 68p,followed by a £202.7 million (€300 million) secondary offering at a price of 93pper share in October 2006. In June 2007, Dolphin raised an additional £303million (€450 million) in a follow-on issuance priced at 170p per common share. Dolphin has to date invested approximately €550 million and committedapproximately €693 million to various projects in Greece, Cyprus, Croatia,Turkey and the Dominican Republic. Dolphin is also the 85% owner of AristoDevelopers Plc, one of the region's largest and most experienced holiday homedevelopers. Dolphin Capital Partners DCP is an independent investment management business founded in 2004 by MiltosKambourides and Pierre Charalambides after leaving Soros Real Estate Partners. The DCP professionals combine extensive local knowledge and contacts withexpertise gained at some of the world's leading financial institutions. Theyspecialise in providing capital to rigorously selected real estate developmentsmainly in the eastern Mediterranean, typically through joint ventures with localdevelopers. DCP cooperates with an international and sophisticated network ofoperators, designers, master-planners and marketing agents for each of itsdevelopments. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Dci Advisors