By Maryam Cockar
Date: Thursday 08 Dec 2016
LONDON (ShareCast) - (ShareCast News) - Dolphin Capital Investors has completed the sale of its golf resort in the Dominican Republic for €140m.
The AIM-listed company sold the Playa Grande Golf and Resort to a joint venture comprising an affiliate of Third Point, the company's largest shareholder, an affiliate of Discovery Land and others.
So far, the company has received €4.6m in cash, of which €900,000 is earmarked to remain in escrow to cover claims and liabilities.
All of its €50m and $9.17m worth of convertible bonds, which were managed by Third Point, have been cancelled.
Shares in Dolphin Capital Investors were down 2.5% to 7.80p at 1046 GMT.
Email this article to a friend
or share it with one of these popular networks:
Currency | UK Pounds |
Share Price | 4.75p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 4.88 |
52 Week Low | 3.70 |
Volume | 1,960 |
Shares Issued | 904.63m |
Market Cap | £42.97m |
RiskGrade | 224 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
No dividends found |
Time | Volume / Share Price |
13:56 | 1,960 @ 4.55p |
You are here: research