Dukemount Capital PLC
10 March 2021
Dukemount Capital Plc
("Dukemount" or "the Company")
Exercise of Warrants - Issue of Equity
Dukemount Capital plc ("Dukemount"), the property management and long dated income provider, announces that it has received notice from Geoffrey Dart, Chairman of Dukemount, to exercise 27,000,000 warrants at a price of 0.5p per share (the "New Shares") and thereby providing the Company with gross proceeds of £135,000. Mr Dart has placed all the New Shares with investors introduced by the Company's Broker, Peterhouse Capital.
When issued, the New Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares in the share capital of the Company, including the right to receive all dividends and other distributions declared, made or paid on or in respect of such shares after the date of issue of the New Shares.
Application will be made to the Financial Conduct Authority ("FCA") for admission of the Placing Shares to the standard listing segment of the Official List and to the London Stock Exchange (the "LSE") for admission to trading of the New Shares on the LSE's Main Market for listed securities (together "Admission"). It is expected that Admission will take place at 8.00 a.m. on or around 12 March 2021 and that dealings in the New Shares on the LSE's main market for listed securities will commence at the same time.
Total Voting Rights
The Company does not hold any Ordinary Shares in treasury. Therefore, following Admission, the total number of voting rights in Dukemount Capital plc is 481,283,666. 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 in their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.
Market Abuse Regulation (MAR) disclosure
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Geoffrey Dart | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Chairman | ||||
| b) | Initial notification/Amendment |
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| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Dukemount PLC | ||||
| b) | LEI | 213800IVPZ932NP24O44 | ||||
| 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 the Financial instrument, type of instrument |
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| Identification code | GB00B6WZDF03
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| b) | Nature of the transaction |
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| c) | Price(s) and volume(s) | Exercise of warrants
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| d) | Aggregated information: ·Aggregated volume ·Price | n/a | ||||
| e) | Date of the transaction | 8 March 2021 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
For further information, please visit www.dukemountcapitalplc.com or contact:
| Dukemount Capital Plc | Via St Swithins PR |
| Geoffrey Dart |
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| St Swithins PR (Media and Investor Enquiries) | Tel: +44 (0) 1732 521132 |
| Gary Middleton | |
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| Peterhouse Capital Limited | Tel: +44 (0) 207 469 0930 |
| Lucy Williams/Duncan Vasey
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