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.
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Currency | UK Pounds |
Share Price | 4.80p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 5.55 |
52 Week Low | 4.20 |
Volume | 1,532 |
Shares Issued | 1,809.25m |
Market Cap | £86.84m |
Beta | 0.13 |
RiskGrade | 224 |
Value |
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No dividends found |
Time | Volume / Share Price |
13:22 | 1,532 @ 4.75p |
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