Dukemount Capital PLC

15 July 2021

Dukemount Capital Plc

("Dukemount" or the "Company")

Result of GM

The Company announces that at the General Meeting of the Company held on 15 July 2021, Resolutions 2-5 and 7-9  were duly passed;  Resolutions 1 and 6 did not pass.

Resolution 1, proposed as an ordinary Resolution, that the directors be generally and unconditionally authorised to allot and issue equity securities (as defined by section 560 of the Companies Act) up to an aggregate nominal amount of 3,046,875,000 Ordinary Shares (£3,046,875.00) for the Global Facility.  

Resolution 6, proposed as a Special Resolution, was subject to the passing of Resolution 1 which empowered  the directors of the Company, pursuant to section 570 of the Companies Act, to allot equity securities (as defined in section 560 of the Act) wholly for cash pursuant to the authority conferred upon them by Resolution 1.  

The Company signed an agreement with Global Corporate Finance Opportunities 14 on 16 June for an equity line of credit of up to £6.50m. The  funding would have provided  Dukemount with a facility, of which it had expected to  draw down £3m over the next six months, beginning with a tranche of £1.2m. The remaining £3.5m would have been be drawn down, if required .

As a result of the voting of the General Meeting, the Company will not now be able to pursue its agreement with Global Finance Opportunities 14. The Company remains committed to its Joint Venture with HSKB for Environmental Energy Projects and will continue to look for alternative funding options and make announcements in due course.

For further information, please visit www.dukemountcapitalplc.com or contact:

Dukemount Capital Plc

Geoffrey Dart/Mathew Thompson          E: info@dukemountcapitalplc.com

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