Duke Royalty Limited Strategic Advisory Agreement (8505V)
November 08 2017 - 1:00AM
UK Regulatory
TIDMDUKE
RNS Number : 8505V
Duke Royalty Limited
08 November 2017
8 November 2017
Duke Royalty Limited
("Duke Royalty", "Duke" or the "Company")
Duke Royalty and Partners Value Investments LP announce Advisory
Agreement
Duke Royalty, a public diversified royalty company, and Partners
Value Investments LP, an investment partnership today announced an
advisory agreement. Partners Value Investment LP ("PVI") is Duke's
second largest shareholder with circa 9.6 per cent of the Company's
issued share capital. Under the advisory agreement, PVI will
provide input on transaction sourcing and capital raising
activities.
In consideration for entering into the advisory agreement and to
reflect the assistance received to date with the development of the
Company's business, PVI has been issued 2,000,000 warrants to
subscribe for shares in Duke at a price of 42p per share. The
warrants may be exercised within a period of five years from the
date of the agreement. PVI may be compensated in the future based
on criteria agreed upon from time to time by Duke and PVI.
Neil Johnson, CEO of Duke commented, "We are pleased to benefit
from the expertise of Partners Value Investments LP as we continue
to build the royalty model of Duke. Having entered into the
advisory agreement, which is complementary to our strategic
collaboration with Oliver Wyman, Duke now has two relationships
with companies with global reach and expertise which far exceeds
anything our in-house team could replicate."
About Duke Royalty
Headquartered in Guernsey, Duke Royalty Limited provides
alternative financing solutions to a diversified range of
businesses in Europe and abroad. Duke Royalty's experienced team
and exclusive partnership 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.
For more information, visit dukeroyalty.com.
About Partners Value Investments LP
Partners Value Investments LP is an investment partnership whose
principal investment is a 9% equity ownership interest in
Brookfield Asset Management Inc. (NYSE:BAM), a global asset manager
focused on Real Assets. Partners Value Investments LP also has a
growing portfolio of other investments in a variety of companies
and industries around the world. Their goal is to invest on a value
basis in companies that can demonstrate an ability to produce
consistent and durable cash flows and profits, in markets that are
growing.
For further information about Partners Value Investments LP,
please visit www.pvii.ca
For further information:
Duke Royalty Limited Neil Johnson / Charlie Cannon-Brookes
+44 (0) 1481 741 240
Grant Thornton UK LLP (Nominated Adviser) Colin Aaronson / Samantha Harrison / Carolyn Sansom
+44 (0) 20 7383 5100
Cenkos Securities plc (Joint Broker) Julian Morse / Michael Johnson
+44 (0) 207 397 8900
Mirabaud Securities LLP (Joint Broker) Peter Krens / Edward Haig-Thomas
+44 (0) 20 3167 7222
This information is provided by RNS
The company news service from the London Stock Exchange
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