REG - Dukemount Capital - Result of AGM

DUKemount CapitalAnnouncement

18/04/2024 15:15

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RNS Number : 2154L  Dukemount Capital PLC  18 April 2024

18 April 2024

DUKEMOUNT CAPITAL PLC

("DUKEMOUNT" or the "Company")

RESULTS OF ANNUAL GENERAL MEETING, CAPITAL REORGANISATION, ADMISSION OF NEW
ORDINARY SHARES AND TOTAL VOTING RIGHTS

 

Dukemount Capital Plc announces that its annual general meeting ("AGM") has
been held today at 10:00 a.m. All resolutions set out in the AGM circular
dated 21 March 2024 have been approved.

 

Following the approval of the capital reorganisation ("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 969,316,623 ordinary shares of £0.00001 ("New
Ordinary Shares") each will be admitted to trading and dealings will commence
on the London Stock Exchange at or around 8:00 a.m. 19 April 2024.

 

The New Ordinary Shares have the same rights as the existing ordinary shares,
including voting, dividend, and other rights.

 

In addition, following the AGM, the Company can now issue 750,000,000 New
Ordinary Shares ('Subscription Shares') at a price of £0.0004 per share (the
'Subscription Price'), with one warrant attached to each Subscription Share
("Subscription Warrants"), to Paul Gazzard, a director of Dukemount to raise
£300,000. 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.

Next Steps

Following the previous announcement of the capitalisation of loans on March 4,
2024, and the £300,000 fundraise, the Company is now in a stronger position
to pursue potential strategic opportunities through a reverse takeover.

The Board plans to take a thematic approach, concentrating on identifying
topical sectors with potential for significant capital growth. This will
involve reviewing opportunities of various sizes and, if appropriate, seeking
a listing on AIM. The Board hopes to update shareholders further as matters
progress.  However, at this stage, there can be no certainty that a reverse
takeover will take place and any such transaction will, inter alia, require
shareholder approval.

 

Applications have been made to the FCA and the LSE for the admission of the
Subscription Shares ("Admission"). It is expected that 750,000,000 New
Ordinary Shares of £0.00001 each will be admitted to trading and dealings
will commence on the LSE at or around 8:00 a.m. 19 April 2024.

 

Following Admission, the Company will have 1,719,316,623 New 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 is 1,719,316,623.

 

The above figure of 1,719,316,623 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.

 

 

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

 

Company

Dukemount Capital Plc:
 
        info@dukemountplc.com

Paul Gazzard (CEO)

Geoffery Dart (Non-Executive Director)

 

Corporate Broker

Peterhouse Capital Limited
 
           +44 (0) 207 469 0930

Lucy Williams/Duncan Vasey

 

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Paul Gazzard
 2    Reason for the notification
 a)   Position/status                                              Chief Executive Officer
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Dukemount Capital plc
 b)   LEI                                                          213800IVPZ932NP24O44
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary Shares of £0.00001 each

      Identification code

                                                                   ISIN:   GB00BMWC6Q55
 b)   Nature of the transaction                                    £300,000 Subscription for 750,000,000 new ordinary shares
 c)   Price(s) and volume(s)                                       Price     No. of shares

                                                                   £0.0004  750,000,000
 d)   Aggregated information

      - Aggregated volume

      - Price                                                      750,000,000

                                                                   £0.0004
 e)   Date of the transaction                                      19 April 2024
 f)   Place of the transaction                                     Outside a trading venue

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Paul Gazzard
 2    Reason for the notification
 a)   Position/status                                              Chief Executive Officer
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Dukemount Capital plc
 b)   LEI                                                          213800IVPZ932NP24O44
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary Shares of £0.00001 each

      Identification code

                                                                   ISIN:   GB00BMWC6Q55
 b)   Nature of the transaction                                    Disposal of 750,000,000 new ordinary shares
 c)   Price(s) and volume(s)                                       Price     No. of shares

                                                                   £0.0004  750,000,000
 d)   Aggregated information

      - Aggregated volume

      - Price                                                      750,000,000

                                                                   £0.0004
 e)   Date of the transaction                                      19 April 2024
 f)   Place of the transaction                                     Outside a trading venue

 

 

 

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