Duke Royalty Limited Result of EGM and Issue of Equity (0664A)

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RNS Number : 0664A

Duke Royalty Limited

21 December 2017

21 December 2017

Duke Royalty Limited

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

Result of EGM and Issue of Equity

Duke Royalty Limited (AIM: DUKE) is pleased to announce that at the Extraordinary General Meeting of the Company held earlier today, the Resolution as set out in the notice of Extraordinary General Meeting dated 5 December 2017, was duly passed by Shareholders.

Accordingly, pursuant to the Fundraising and further to the abovementioned passing of the Resolution, the Company is issuing 50,000,000 new Ordinary Shares to new and existing institutional investors. A further 1,500,000 new Ordinary Shares will also be issued pursuant to the Support Services Agreement.

Other than where defined, capitalised terms used in this announcement have the meanings given to them in the fundraising announcement released by the Company on 4 December 2017.

Total Voting Rights

Application has been made for the admission of 51,500,000 new Ordinary Shares to trading on the AIM market of the London Stock Exchange, which is expected to become effective and dealings commence at 8:00 am on 22 December 2017 ("Admission"). Following Admission, the Company's enlarged share capital will comprise 96, 877,459 Ordinary Shares, with voting rights. The Company does not hold any shares in Treasury.

Therefore, the total number of Ordinary Shares in the Company with voting rights will be 96, 877,459 Ordinary Shares and Shareholders may use this figure 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 and Transparency Rules.

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 
                          [phone] 
 
 Grant Thornton UK LLP    Colin Aaronson / Samantha 
  (Nominated Adviser)      Harrison / Carolyn Sansom 
                          [phone] 
 
 Cenkos Securities plc    Julian Morse / Michael Johnson 
  (Joint Broker) 
                          [phone] 
 
 Mirabaud Securities      Peter Krens / Edward Haig-Thomas 
  LLP (Joint Broker) 
                          [phone] 
 
 

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.

The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide further details.

 
 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) 
----                                   --------------  --------------- 
                                        40p             252,000 
                                       --------------  --------------- 
 
 d)    Aggregated information 
---- 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction         21 December 2017 
----  ------------------------------  ---------------------------------- 
 f)    Place of the transaction        London Stock Exchange 
----  ------------------------------  ---------------------------------- 
 
 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ------------------------------------------------------------------ 
 a)    Name                            Charles 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) 
----                                   --------------  --------------- 
                                        40p             998,000 
                                       --------------  --------------- 
 
 d)    Aggregated information 
---- 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction         21 December 2017 
----  ------------------------------  ---------------------------------- 
 f)    Place of the transaction        London Stock Exchange 
----  ------------------------------  ---------------------------------- 
 

END

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 21, 2017 05:36 ET (10:36 GMT)