Duke Royalty rises on $6 mln deal with New Path Fire and Security
25/11/2022 11:23
** Shares of capital solutions provider Duke Royalty
DUKE.L up 3.7% at 34.75p
** Co enters a 5 mln pounds ($6.1 mln) royalty financing
agreement with fire and security services business New Path Fire
And Security Ltd urn:newsml:reuters.com:*:nTUC24DCXP
** "Their (Duke) capital will allow us to assert ourselves
in a sector that we understand well and to gain scale via
acquisition" - New Path's CEO Andrew Hill
** Including session gains, stock has fallen ~19% YTD
($1 = 0.8262 pounds)
(Reporting by Amna Karimi in Bengaluru)
((Amna.Karimi@thomsonreuters.com; +91 8083261226;))