Duke Royalty Limited Result of General Meeting and Issue of Equity (9774M)

TIDMDUKE

RNS Number : 9774M

Duke Royalty Limited

26 May 2022

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 GBP20 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:

 
                         Neil Johnson / Charlie 
                          Cannon Brookes / Hugo 
 Duke Royalty Limited     Evans                                [phone] 
 Cenkos Securities       Stephen Keys / Callum 
  plc                     Davidson / Dan Hodkinson 
  (Nominated Adviser      / Julian Morse / Michael 
  and Joint Broker)       Johnson                              [phone] 
 Canaccord Genuity       Adam James / Sam Lucas 
  (Joint Broker)          / Georgina McCooke                   [phone] 
 SEC Newgate (PR)        Elisabeth Cowell/ Richard             [phone] 
                          Bicknell                     [e-mail] 
 

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May 26, 2022 10:23 ET (14:23 GMT)