REG - Dukemount Capital - Notice of AGM and a conditional subscription

DUKemount CapitalAnnouncement

21/03/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240321:nRSU6651Ha&default-theme=true

RNS Number : 6651H  Dukemount Capital PLC  21 March 2024

21 March 2024

Dukemount Capital Plc

("Dukemount" or the "Company")

 Notice of AGM and a conditional subscription to raise £300,000

The board of directors of Dukemount Capital Plc is pleased to announce that a
circular will be posted to shareholders to convene an annual general meeting
of the Company on 18 April 2024 (the "AGM"). The resolutions (the
"Resolutions") to be proposed at the annual general meeting will be to, inter
alia, restructure the share capital of the Company given the current trading
price is below the nominal value. The proposed nominal value is £0.00001 per
New Ordinary Share.

In addition, the Company has conditionally raised gross proceeds of £300,000
through a subscription of 750,000,000 New Ordinary Shares ("Subscription
Shares") at a price of £0.0004 per share ("Subscription Price") with a one
for one warrant attached (the "Subscription Warrants"), subject to the
Resolutions being passed at the AGM (the "Subscription").

 

The Company is currently unable to admit new shares to trading on the standard
segment of the Main Market without either the publication of an FCA approved
prospectus or relying upon an exemption to the requirement to issue a
prospectus. Consequently, the Subscription is by Paul Gazzard, a director of
Dukemount. Immediately following admission of the Subscription Shares to the
Official List of the UK Listing Authority by way of a Standard Listing
("Admission"), Mr Gazzard has agreed to sell the Subscription Shares and the
Subscription Warrants, at the Subscription Price to unconnected investors.

 

The Subscription Warrants are valid for three years from the date of
Admission, exercisable at £0.0006 per New Ordinary Share. The Subscription
Warrants can only be exercised into New Ordinary Shares if the Company has
regulatory authority to do so.

 

Applications will be made, subject to the approval of all Resolutions at the
AGM, for the Admission of the Subscription Shares and it is expected that
Admission will become effective and that dealing in the Subscription Shares
will commence on or around 19 April 2024. Following Admission, the Company
will have 1,719,316,623 ordinary shares of £0.00001 each in issue, none of
which are held in treasury. Therefore, the total number of voting rights in
the Company will be 1,719,316,623.

 

The AGM Notice will shortly be available on the Company's website at:
https://dukemountcapitalplc.com/publications.php

 

For further information, please visit www.dukemountcapitalplc.com
(http://www.dukemountcapitalplc.com/)  or contact:

 

Dukemount Capital Plc :
 
Email info@dukemountplc.com

CEO: Paul Gazzard

Non-Executive Director: Geoffery Dart

 

Broker Enquiries:

Peterhouse Capital Limited
 
Tel: +44 (0) 207 469 0930

Lucy Williams/Duncan Vasey

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  STRURANRSKUOUAR