REG - Duke Royalty Limited - Trading Update

Duke CapitalAnnouncement

23/12/2021 07:05

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RNS Number : 5572W  Duke Royalty Limited  23 December 2021

23 December 2021

 

Duke Royalty Limited

 

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

 

Trading Update

 

Duke Royalty, a provider of alternative capital solutions to a diversified
range of profitable and long-established businesses in Europe and North
America, is pleased to provide the following trading update for its third
financial quarter ending 31 December 2021 ("Q3 FY22").

 

Having added three new Royalty Partners in Q2 FY22, Duke has continued to
convert its robust pipeline in Q3 FY22, securing two additional Royalty
Partners and completing three follow-on investments into existing Royalty
Partners.

 

Therefore, the Company expects that cash revenue for the quarter, being cash
distributions from its Royalty Partners and cash gains from sales of equity
assets, will total £3.9 million. Duke is cautiously optimistic that it will
be able to announce a further increase in quarterly cash revenue for the
period Q4 FY22.

 

Neil Johnson, CEO of Duke Royalty, said:

 

"This quarter's performance demonstrates how new deals can translate into cash
revenue and having secured two new Royalty Partners in the past four weeks, we
are optimistic that we can continue this upward trend into Q4 FY22 as the
distributions from these agreements start to flow through. As Duke continues
to show the benefits of royalty financing to both business owners and
investors, we look forward to updating the market in due course with further
deployments and quarterly trading updates."

 

***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 730 613

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

 (Nominated Adviser

 and Joint Broker)

 Canaccord Genuity        Adam James / Georgina McCooke                                    +44 (0) 207 523 8000

 (Joint Broker)

 SEC Newgate (PR)         Elisabeth Cowell / Richard Bicknell / Megan Kovach               + +44 (0) 20 3757 6880 dukeroyalty@secnewgate.co.uk
                                                                                           (mailto:dukeroyalty@secnewgate.co.uk)

 

 

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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