2 December 2021
Duke Royalty Limited
("Duke Royalty", "Duke" or the "Company")
Completion of £4.2 million Follow-On Investment into Existing Royalty Partner
Duke Royalty (AIM:DUKE), a provider of alternative capital solutions to a diversified range of profitable and long-established businesses in Europe and abroad, is pleased to announce that, further to its announcement on 27 October 2021, it has completed the follow-on investment of £4.2 million ("the Financing") into its existing royalty partner, Bakhchysarai (Ireland) Limited ("BIL"). This completion follows the recent approval from The Competition and Consumer Protection Commission, which is the competition regulator responsible for enforcing Irish and European competition law in the Republic of Ireland.
BIL is the investment holding company created to execute a buy and build strategy of synergistic companies within the Irish/UK recruitment sector. Its current holdings include Brightwater Selection (Ireland) Limited and PharmEng Limited.
Duke's new capital will provide financing for BIL's third acquisition, Vantage Resources Limited, an IT contracting and talent acquisition business that sources specialist IT professionals on medium to long term contracts to a range of major Irish organisations.
Duke Royalty Portfolio
A full list of Duke's current Royalty Partners are now included for reference on the Partners page of our website: www.dukeroyalty.com/partners.
***ENDS***
For further information, please visit www.dukeroyalty.com or contact:
| Duke Royalty Limited | Neil Johnson / Charlie Cannon Brookes / Hugo Evans
| +44 (0) 1481 730 613 |
| Cenkos Securities plc (Nominated Adviser and Joint Broker) | Stephen Keys / Callum Davidson / Julian Morse / Michael Johnson | +44 (0) 207 397 8900 |
| | | |
| Canaccord Genuity (Joint Broker)
| Adam James / Georgina McCooke | +44 (0) 207 523 8000 |
| SEC Newgate (PR) | Elisabeth Cowell/ Richard Bicknell/ Megan Kovach | + +44 (0) 20 3757 6880 dukeroyalty@secnewgate.co.uk |
About Duke Royalty
Duke Royalty Limited provides alternative capital solutions to a diversified range of profitable and long-established businesses in Europe and abroad. Duke Royalty's experienced team 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 and is headquartered in Guernsey.
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