REG - Duke Royalty Limited - Result of General Meeting and Issue of Equity

Duke CapitalAnnouncement

26/05/2022 15:30

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RNS Number : 9774M  Duke Royalty Limited  26 May 2022

26 May 2022

 

Duke Royalty Limited

("Duke" or the "Company") (LON: DUKE)

Result of General Meeting and Issue of Equity

Duke Royalty Limited, a provider of long term alternative capital solutions to
a diversified range of private, owner-managed SME businesses in Europe and
abroad, is pleased to announce that the Resolution was duly passed by
Shareholders at the Company's General Meeting held today in connection with
the Fundraising to raise £20 million (before expenses).

Accordingly, an application has been made for 57,142,858 New Ordinary Shares,
representing the 52,857,143 Placing Shares and the 4,285,715 PrimaryBid
Shares, to be admitted to trading on AIM ("First Admission"), which is
expected to take place at 8.00 a.m. on 27 May 2022.

The Company also announces the issuance of a further 205,128 New Ordinary
Shares in the Company in lieu of cash compensation due to Duke's Investment
Committee. Application has been made for these New Ordinary Shares to be
admitted to trading on AIM ("Second Admission"), which is also expected to
take place at 8.00 a.m. on 27 May 2022.

 

Following First Admission and Second Admission, the Company will have
416,151,346 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.

 

Unless otherwise defined, capitalised terms used in this announcement have the
meanings given to them in the Company's announcement released via RNS at
4.44pm on 10 May 2022.

 

 

For further information, please visit 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 / Dan Hodkinson / Julian Morse / Michael  +44 (0) 207 397 8900

                        Johnson

 (Nominated Adviser

 and Joint Broker)
 Canaccord Genuity        Adam James / Sam Lucas / Georgina McCooke                                +44 (0) 207 523 8000

 (Joint Broker)

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

 

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