REG - Duke Royalty Limited - Dividend Declaration

Duke CapitalAnnouncement

17/09/2020 07:00

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RNS Number : 2241Z  Duke Royalty Limited  17 September 2020

17 September 2020

 

Duke Royalty Limited

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

Dividend Declaration

 

Duke Royalty Limited (AIM: DUKE), a provider of alternative capital solutions
to a diversified range of profitable and long-established businesses in Europe
and abroad, is pleased to announce the payment of 0.5p per share to
shareholders by way of a scrip dividend.

 

Shareholders will receive their dividends for the September quarter in the
form of new ordinary shares in Duke Royalty and the entitlements will be
rounded down to the nearest whole share.

Shareholders are paid based on the following formula:

(Number of ordinary shares held at the record date X 0.5p) ÷ (scrip dividend
reference price)

There is no requirement for shareholders to make an election to receive the
Scrip Dividend as there is no option to elect for a cash dividend. The scrip
dividend reference price will be calculated as the average of the Company's
closing middle market price, as derived from the London Stock Exchange's Daily
Official List, calculated as the five-day mid-market price from 24 September
to 30 September inclusive. A further announcement will be made with details of
the number of new ordinary shares to be issued.

A timetable for the key dates is set out below:

 24 September 2020  Ex-dividend date
 25 September 2020  Record date
 1 October 2020     Scrip reference price announced
 12 October 2020    New ordinary shares admitted to trading on AIM

Scrip dividend pay date

CREST accounts credited

Despatch of Scrip certificates and statements

 

 

***ENDS***

 

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

 

 Duke Royalty Limited             Neil Johnson / Charlie Cannon Brookes / Hugo Evans               +44 (0) 1481 741 240

 Cenkos Securities plc            Stephen Keys / Callum Davidson / Julian Morse / Michael Johnson  +44 (0) 207 397 8900

 (Nominated Adviser and Broker)

 Newgate Communications (PR)      Elisabeth Cowell/ Ian Silvera/ Megan Kovach                      + +44 (0) 20 3757 6880 dukeroyalty@newgatecomms.com

 

About Duke Royalty

 

Duke Royalty Limited provides alternative capital solutions to a diversified
range of profitable and long-established businesses in Europe and abroad.
Duke Royalty's experienced team provide financing solutions to private
companies that are in need of capital but whose owners wish to maintain equity
control of their business. Duke Royalty's royalty investments are intended to
provide robust, stable, long term returns to its shareholders. Duke Royalty is
listed on the AIM market under the ticker DUKE and is headquartered
in Guernsey.

 

 

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