Duke Royalty Limited Result of PrimaryBid Offer and Total Voting Rights (5738U)
April 06 2021 - 11:17AM
UK Regulatory
TIDMDUKE
RNS Number : 5738U
Duke Royalty Limited
06 April 2021
THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES
NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR
ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE
FOR, ANY SECURITIES OF DUKE ROYALTY LIMITED.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO
ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS
UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.
6 April 2021
Duke Royalty Limited
(" Duke " or the " Company " ) ( LON : DUKE )
Result of PrimaryBid Offer and Total Voting Rights
Further to its recent announcements regarding a Placing to raise
GBP32 million and PrimaryBid Offer to raise up to an additional
GBP3 million, Duke Royalty Limited, the AIM quoted provider of
alternative capital solutions to a diversified range of profitable
and long-established businesses in Europe and abroad , is pleased
to announce that it has raised the maximum amount under the
PrimaryBid Offer of GBP3.0 million (before expenses) following the
closing of the offer on 6 April 2021.
The PrimaryBid Offer and the Placing remain conditional on the
New Ordinary Shares being admitted to trading on AIM . Application
will be made for 100,000,002 New Ordinary Shares (representing the
91,428,573 Placing Shares and the 8,571,429 PrimaryBid Shares) to
be admitted to trading on AIM ("Admission"), which is expected to
be take place at 8.00 a.m. on 19 April 2021 . Following Admission,
the Company will have 357,906,909 Ordinary Shares in issue carrying
voting rights admitted to trading on AIM. This figure (357,906,909)
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.
Neil Johnson, CEO of Duke Royalty, said: "Duke Royalty is
delighted to give existing shareholders and new individuals the
chance to participate on the same terms as the institutions. It has
been an extremely well supported fundraise and Duke continues to
benefit from a widening breadth of shareholders and new
investors."
Unless otherwise defined, capitalised terms used in this
announcement have the meanings given to them in the Placing
Announcement.
This announcement contains inside information.
For further information, please visit www.dukeroyalty.com or contact:
Neil Johnson / Charlie
Cannon Brookes / Hugo
Duke Royalty Limited Evans +44 (0) 1481 730 613
Cenkos Securities
plc Stephen Keys / Callum
(Nominated Adviser Davidson / Julian Morse
and Joint Broker) / Michael Johnson +44 (0) 207 397 8900
Canaccord Genuity Adam James / Sam Lucas
(Joint Broker) / Georgina McCooke +44 (0) 207 523 8000
PrimaryBid Limited James Deal / Fahim Chowdhury enquiries@primarybid.com
SEC Newgate (PR) Elisabeth Cowell/ Tom + +44 (0) 20 3757 6880
Carnegie/ Megan Kovach dukeroyalty@secnewgate.co.uk
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END
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