REG - Dukemount Capital - Result of AGM

DUKemount CapitalAnnouncement

12/01/2024 14:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240112:nRSL5845Za&default-theme=true

RNS Number : 5845Z  Dukemount Capital PLC  12 January 2024

12 January 2024

DUKEMOUNT CAPITAL PLC

("DUKEMOUNT" or the "Company")

AGM RESULTS, CAPITAL REORGANISATION, CONVERSION OF CLNS,

TOTAL VOTING RIGHTS AND ADMISSION OF NEW ORDINARY SHARES

 

Dukemount Capital Plc ("the Company") announces that it held its annual
general meeting ("AGM") at 10:00 am today.  All resolutions set out in the
Company's Notice of Annual General Meeting dated 12 January 2024 were proposed
and approved.

 

Following approval of the Capital Reorganisation at the AGM, applications were
made to the FCA and the London Stock Exchange for the Capital Reorganisation
to be reflected on the Official List. It is expected that 61,624,316 Ordinary
Shares of £0.001 each will be admitted to trading and dealings will commence
on the London Stock Exchange at or around 8:00 a.m. 15 January 2024.

 

As part of the Capital Reorganisation, the Existing Ordinary Shares have
undergone a 1:10 consolidation. Following the consolidation, the Consolidated
Ordinary Shares were then subsequently sub-divided into one New Ordinary Share
of £0.001 each and one deferred share of £0.009. The New Ordinary Shares
have the same rights as the Existing Ordinary Shares, including voting,
dividend, and other rights.

 

As previously announced, Chesterfield Capital Limited has undertaken to
convert the existing £500,000 debt at £0.065 per New Ordinary share in the
Company (being 7,692,307 new ordinary shares of £0.001 each) (the "CLN
Shares") following the Capital Reorganisation.

 

An application will be made for the 7,692,307 CLN Shares to be admitted to the
Official List of the UK Listing Authority by way of a Standard Listing
("Admission") and it is expected that Admission will become effective and that
dealing in the CLN Shares will commence on or around 8am on 18 January 2024.
The CLN Shares will rank pari passu with the ordinary shares of the Company.

 

Following Admission, the Company will have 69,316,623 ordinary shares of
£0.001 each in issue, none of which are held in treasury. Therefore, the
total number of voting rights in the Company is 69,316,623.

 

The above figure of 69,316,623 may be used by shareholders in the Company as
the denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change in their interest in, the
share capital of the Company under the FCA's Disclosure and Transparency
Rules.

 

Capitalised terms used but not otherwise defined in this announcement have the
meanings set out in the AGM Notice, which is available on the Company's
website at: https://dukemountcapitalplc.com/publications.php

 

Following the Capital Reorganisation, the amended ISIN for the Company is
GB00BMWC6Q55.

 

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  RAGBTMITMTBBBBI