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DUKE Duke Capital Limited

33.00
0.50 (1.54%)
13 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Duke Capital Limited LSE:DUKE London Ordinary Share GG00BYZSSY63 ORDS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 1.54% 33.00 32.50 33.50 33.00 32.50 32.50 583,437 12:04:48
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 31.06M 19.59M 0.0472 6.99 137.09M

Duke Royalty Limited Long Term Incentive Plan Awards (7530G)

06/03/2018 7:00am

UK Regulatory


Duke Capital (LSE:DUKE)
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TIDMDUKE

RNS Number : 7530G

Duke Royalty Limited

06 March 2018

6 March 2018

Duke Royalty Limited

("Duke Royalty", "Duke" or the "Company")

Long Term Incentive Plan ("LTIP") awards

Duke Royalty Limited (AIM: DUKE) announces that the Company's Remuneration Committee has approved the following Performance Share Awards ("PSA's") under the Company's Long Term Incentive Plan ("LTIP"). The LTIP framework was detailed within the Company's admission document which was published on 20 March 2017 as was to be put into place post Admission. The Board has determined the issuance of the shares pursuant to part 5 of the admission document can now be issued as the LTIP has been approved and there are no close period restrictions.

The PSA's for the financial year to 31 March 2017 are as follows:

 
 Neil Johnson             500,000 ordinary shares 
-----------------------  ------------------------ 
 Charlie Cannon-Brookes   350,000 ordinary shares 
-----------------------  ------------------------ 
 Justin Cochrane          175,000 ordinary shares 
-----------------------  ------------------------ 
 

The PSA's vest after a period of three years and are subject to various performance conditions outlined in the admission document and set by the Remuneration Committee, all in accordance with the LTIP rules. The LTIP Awards will be subject to a performance condition based 50 per cent. on total shareholder return ("TSR") and 50 per cent. on total cash available for distribution per share ("TCAD per Share"). TSR can be defined as the returns generated by shareholders based on the combined value of the dividends paid out by the Company and the share price performance over the period in question.

Going forward PSA's will typically be announced within weeks after the Company's financial year results.

About Duke Royalty

Headquartered in Guernsey, Duke Royalty Limited provides alternative financing solutions to a diversified range of businesses in Europe and abroad. Duke Royalty's experienced team and exclusive partnership 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. For more information, visit dukeroyalty.com.

For further information:

 
 Duke Royalty Limited       Neil Johnson / Charlie Cannon-Brookes 
                            +44 (0) 1481 741 240 
 
 Grant Thornton UK LLP      Colin Aaronson / Samantha 
  (Nominated Adviser)        Harrison / Carolyn Sansom 
                            +44 (0) 20 7383 5100 
 
 Cenkos Securities plc      Julian Morse / Michael Johnson 
  (Joint Broker) 
                            +44 (0) 207 397 8900 
 
 Mirabaud Securities        Peter Krens / Edward Haig-Thomas 
  Limited (Joint Broker) 
                            +44 (0) 20 3167 7222 
 
 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ------------------------------------------------------------------- 
 a)    Name                            Neil Johnson 
----  ------------------------------  ----------------------------------- 
 2     Reason for the notification 
----  ------------------------------------------------------------------- 
 a)    Position/status                 Chief Executive Officer 
----  ------------------------------  ----------------------------------- 
 b)    Initial notification            Initial 
        /Amendment 
----  ------------------------------  ----------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ------------------------------------------------------------------- 
 a)    Name                            Duke Royalty Limited 
----  ------------------------------  ----------------------------------- 
 b)    LEI                             213800GUTKPSJ39SER44 
----  ------------------------------  ----------------------------------- 
 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                  Ordinary Shares 
        the financial 
        instrument, type 
        of instrument 
                                        GG00BYZSSY63 
---- 
 
       Identification 
        code 
 
 b)    Nature of the                   Purchase of Placing Shares 
        transaction                     pursuant to the Fundraising 
----  ------------------------------  ----------------------------------- 
 c)    Price(s) and volume(s) 
----                                   ---------------  --------------- 
                                        Price(s)         Volume(s) 
----                                   ---------------  --------------- 
    N/A                                                  500,000 
   ---------------------------------------------------  --------------- 
 
 d)    Aggregated information 
---- 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction         6 March 2018 
----  ------------------------------  ----------------------------------- 
 f)    Place of the transaction        London Stock Exchange 
----  ------------------------------  ----------------------------------- 
 
 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ------------------------------------------------------------------- 
 a)    Name                            Charlie Cannon-Brookes 
----  ------------------------------  ----------------------------------- 
 2     Reason for the notification 
----  ------------------------------------------------------------------- 
 a)    Position/status                 Executive Director 
----  ------------------------------  ----------------------------------- 
 b)    Initial notification            Initial 
        /Amendment 
----  ------------------------------  ----------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ------------------------------------------------------------------- 
 a)    Name                            Duke Royalty Limited 
----  ------------------------------  ----------------------------------- 
 b)    LEI                             213800GUTKPSJ39SER44 
----  ------------------------------  ----------------------------------- 
 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                  Ordinary Shares 
        the financial 
        instrument, type 
        of instrument 
                                        GG00BYZSSY63 
---- 
 
       Identification 
        code 
 
 b)    Nature of the                   Purchase of Placing Shares 
        transaction                     pursuant to the Fundraising 
----  ------------------------------  ----------------------------------- 
 c)    Price(s) and volume(s) 
----                                   ---------------  --------------- 
                                        Price(s)         Volume(s) 
----                                   ---------------  --------------- 
    N/A                                                  350,000 
   ---------------------------------------------------  --------------- 
 
 d)    Aggregated information 
---- 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction         6 March 2018 
----  ------------------------------  ----------------------------------- 
 f)    Place of the transaction        London Stock Exchange 
----  ------------------------------  ----------------------------------- 
 
 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ------------------------------------------------------------------- 
 a)    Name                            Justin Cochrane 
----  ------------------------------  ----------------------------------- 
 2     Reason for the notification 
----  ------------------------------------------------------------------- 
 a)    Position/status                 Executive Director 
----  ------------------------------  ----------------------------------- 
 b)    Initial notification            Initial 
        /Amendment 
----  ------------------------------  ----------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ------------------------------------------------------------------- 
 a)    Name                            Duke Royalty Limited 
----  ------------------------------  ----------------------------------- 
 b)    LEI                             213800GUTKPSJ39SER44 
----  ------------------------------  ----------------------------------- 
 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                  Ordinary Shares 
        the financial 
        instrument, type 
        of instrument 
                                        GG00BYZSSY63 
---- 
 
       Identification 
        code 
 
 b)    Nature of the                   Purchase of Placing Shares 
        transaction                     pursuant to the Fundraising 
----  ------------------------------  ----------------------------------- 
 c)    Price(s) and volume(s) 
----                                   ---------------  --------------- 
                                        Price(s)         Volume(s) 
----                                   ---------------  --------------- 
    N/A                                                  175,000 
   ---------------------------------------------------  --------------- 
 
 d)    Aggregated information 
---- 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction         6 March 2018 
----  ------------------------------  ----------------------------------- 
 f)    Place of the transaction        London Stock Exchange 
----  ------------------------------  ----------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

March 06, 2018 02:00 ET (07:00 GMT)

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