Duke Royalty Limited Result of EGM and Issue of Equity (0664A)
December 21 2017 - 4:36AM
UK Regulatory
TIDMDUKE
RNS Number : 0664A
Duke Royalty Limited
21 December 2017
21 December 2017
Duke Royalty Limited
("Duke Royalty", "Duke" or the "Company")
Result of EGM and Issue of Equity
Duke Royalty Limited (AIM: DUKE) is pleased to announce that at
the Extraordinary General Meeting of the Company held earlier
today, the Resolution as set out in the notice of Extraordinary
General Meeting dated 5 December 2017, was duly passed by
Shareholders.
Accordingly, pursuant to the Fundraising and further to the
abovementioned passing of the Resolution, the Company is issuing
50,000,000 new Ordinary Shares to new and existing institutional
investors. A further 1,500,000 new Ordinary Shares will also be
issued pursuant to the Support Services Agreement.
Other than where defined, capitalised terms used in this
announcement have the meanings given to them in the fundraising
announcement released by the Company on 4 December 2017.
Total Voting Rights
Application has been made for the admission of 51,500,000 new
Ordinary Shares to trading on the AIM market of the London Stock
Exchange, which is expected to become effective and dealings
commence at 8:00 am on 22 December 2017 ("Admission"). Following
Admission, the Company's enlarged share capital will comprise 96,
877,459 Ordinary Shares, with voting rights. The Company does not
hold any shares in Treasury.
Therefore, the total number of Ordinary Shares in the Company
with voting rights will be 96, 877,459 Ordinary Shares and
Shareholders may use this figure 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 and Transparency Rules.
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.
For further information:
Duke Royalty Limited Neil Johnson / Charlie Cannon-Brookes
+44 (0) 1481 741 240
Grant Thornton UK LLP Colin Aaronson / Samantha
(Nominated Adviser) Harrison / Carolyn Sansom
+44 (0) 20 7383 5100
Cenkos Securities plc Julian Morse / Michael Johnson
(Joint Broker)
+44 (0) 207 397 8900
Mirabaud Securities Peter Krens / Edward Haig-Thomas
LLP (Joint Broker)
+44 (0) 20 3167 7222
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
The notifications below, made in accordance with the
requirements of the Market Abuse Regulation, provide further
details.
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ------------------------------------------------------------------
a) Name Neil Johnson
---- ------------------------------ ----------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------
a) Position/status Chief Executive Officer
---- ------------------------------ ----------------------------------
b) Initial notification Initial
/Amendment
---- ------------------------------ ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ------------------------------------------------------------------
a) Name Duke Royalty Limited
---- ------------------------------ ----------------------------------
b) LEI 213800GUTKPSJ39SER44
---- ------------------------------ ----------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- ------------------------------------------------------------------
a) Description of Ordinary Shares
the financial
instrument, type
of instrument
GG00BYZSSY63
----
Identification
code
b) Nature of the Purchase of Placing Shares
transaction pursuant to the Fundraising
---- ------------------------------ ----------------------------------
c) Price(s) and volume(s)
---- -------------- ---------------
Price(s) Volume(s)
---- -------------- ---------------
40p 252,000
-------------- ---------------
d) Aggregated information
----
- Aggregated volume
- Price
e) Date of the transaction 21 December 2017
---- ------------------------------ ----------------------------------
f) Place of the transaction London Stock Exchange
---- ------------------------------ ----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ------------------------------------------------------------------
a) Name Charles Cannon-Brookes
---- ------------------------------ ----------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------
a) Position/status Executive Director
---- ------------------------------ ----------------------------------
b) Initial notification Initial
/Amendment
---- ------------------------------ ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ------------------------------------------------------------------
a) Name Duke Royalty Limited
---- ------------------------------ ----------------------------------
b) LEI 213800GUTKPSJ39SER44
---- ------------------------------ ----------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- ------------------------------------------------------------------
a) Description of Ordinary Shares
the financial
instrument, type
of instrument
GG00BYZSSY63
----
Identification
code
b) Nature of the Purchase of Placing Shares
transaction pursuant to the Fundraising
---- ------------------------------ ----------------------------------
c) Price(s) and volume(s)
---- -------------- ---------------
Price(s) Volume(s)
---- -------------- ---------------
40p 998,000
-------------- ---------------
d) Aggregated information
----
- Aggregated volume
- Price
e) Date of the transaction 21 December 2017
---- ------------------------------ ----------------------------------
f) Place of the transaction London Stock Exchange
---- ------------------------------ ----------------------------------
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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