REG - Duke Capital - Result of General Meeting and Issue of Equity

Duke CapitalAnnouncement

03/12/2024 11:45

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RNS Number : 6284O  Duke Capital Limited  03 December 2024

3 December 2024

 

Duke Capital Limited

("Duke Capital", "Duke" or the "Company")

Result of General Meeting and Issue of Equity

Duke Capital Limited (AIM: DUKE), a leading provider of hybrid capital
solutions for SME business owners in Europe and North America, is pleased to
announce that the Resolution was duly passed by Shareholders at the Company's
Extraordinary General Meeting held earlier today in connection with the
Fundraising to raise gross proceeds of £23.5 million.

Accordingly, an application has been made for 85,454,636 New Shares,
comprising 56,836,367 Placing Shares, 4,727,362 Broker Option Shares,
5,709,089 Subscription Shares, and 18,181,818 Retail Offer Shares to be
admitted to trading on AIM ("Admission"), which is expected to take place at
8.00 a.m. on 4 December 2024.

Following Admission, the Company will have 509,815,773 Ordinary Shares in
issue carrying voting rights admitted to trading on AIM. This figure may be
used by Shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or a change
to their interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules following Admission.

 

Capitalised terms used in this announcement have the meaning given to them in
the Placing and Retail Offer announcement dated 14 November 2024, unless
otherwise defined in this announcement.

 

 

***ENDS***

 

 

For further information, please visit https://dukecapital.com/
(https://dukecapital.com/)  or contact:

 

 Duke Capital Limited                                                    Neil Johnson / Charles Cannon Brookes / Hugo Evans  +44 (0) 1481 231 816

 Cavendish Capital Markets Limited (Nominated Adviser and Joint Broker)  Stephen Keys / Callum Davidson / Michael Johnson    +44 (0) 207 220 0500

 Canaccord Genuity Limited                                               Adam James / Harry Rees / Sam Lucas                 +44 (0) 207 523 8000

 (Joint Broker)

 SEC Newgate (Financial Communications)                                  Elisabeth Cowell / Alice Cho                        + +44 (0) 20 3757 6882 dukecapital@secnewgate.co.uk

 

 

About Duke Capital

 

Duke is a leading provider of hybrid capital solutions for SME business owners
in Europe and North America, combining the best features of both equity and
debt.

 

Since 2017, Duke has provided unique long-term financing which eliminates
re-financing risk and necessity for a short-term exit by providing a unique
'corporate mortgage' while also aligning its returns to grow with the success
of the business.

 

Duke is focused on generating attractive risk-adjusted returns for
shareholders and has a track record of achieving this across market cycles.
It's three investment pillars are capital preservation, attractive dividend
yield, and to provide upside upon exits.  Duke is listed on the AIM market
under the ticker DUKE and is headquartered in Guernsey.

 

 

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