26 May 2022
Duke Royalty Limited
("Duke" or the "Company") (LON: DUKE)
Result of General Meeting and Issue of Equity
Duke Royalty Limited, a provider of long term alternative capital solutions to a diversified range of private, owner-managed SME businesses in Europe and abroad, is pleased to announce that the Resolution was duly passed by Shareholders at the Company's General Meeting held today in connection with the Fundraising to raise £20 million (before expenses).
Accordingly, an application has been made for 57,142,858 New Ordinary Shares, representing the 52,857,143 Placing Shares and the 4,285,715 PrimaryBid Shares, to be admitted to trading on AIM ("First Admission"), which is expected to take place at 8.00 a.m. on 27 May 2022.
The Company also announces the issuance of a further 205,128 New Ordinary Shares in the Company in lieu of cash compensation due to Duke's Investment Committee. Application has been made for these New Ordinary Shares to be admitted to trading on AIM ("Second Admission"), which is also expected to take place at 8.00 a.m. on 27 May 2022.
Following First Admission and Second Admission, the Company will have 416,151,346 Ordinary Shares in issue carrying voting rights admitted to trading on AIM. 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 to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules following Admission.
Unless otherwise defined, capitalised terms used in this announcement have the meanings given to them in the Company's announcement released via RNS at 4.44pm on 10 May 2022.
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 / Dan Hodkinson / Julian Morse / Michael Johnson
| +44 (0) 207 397 8900
|
| Canaccord Genuity (Joint Broker)
| Adam James / Sam Lucas / Georgina McCooke | +44 (0) 207 523 8000 |
| SEC Newgate (PR) | Elisabeth Cowell/ Richard Bicknell | +44 (0) 20 3757 6880 dukeroyalty@secnewgate.co.uk |
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