Business
Fundraising to raise £44 million and notice of EGM
Fundraising to raise £44 million and notice of EGM.
About this update from Duke Capital Limited
[{"type":"text","content":"\n \nRNS Number : 6525U Duke Royalty Limited 13 July 2018 \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR FROM THE UNTIED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT. \nTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 (\"MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF CERTAIN MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION. \nTHIS ANNOUNCEMENT DOES NOT CONSTITUTE A PROSPECTUS OR OFFERING MEMORANDUM OR AN OFFER IN RESPECT OF ANY SECURITIES. \n13 July 2018\n \nDuke Royalty Limited\n(\"Duke Royalty\", \"Duke\" or the \"Company\")\n\nFundraising to raise £44 million and announcement of EGM\n \nDuke Royalty Limited (AIM: DUKE), a provider of alternative capital solutions to a diversified range of profitable and long-standing businesses in Europe and abroad, is pleased to announce a conditional placing and subscription (\"Fundraising\") to raise £44 million, before expenses by way of the issue of 100,000,000 ordinary shares of no par value (\"New Shares\") at a price of 44 pence per share (the \"Issue Price\"). The net proceeds of the Fundraising of approximately £42 million will allow the Company to continue to finance its diversified pipeline of royalty financing opportunities. \nHighlights \n· Fundraising to raise gross proceeds of £44 million\n· Net proceeds to diversify portfolio of royalty investments and provide working capital \n· Four new potential royalty partners under signed letters of intent, with aggregate demand of £27.5 million of capital \n· Additional proceeds to execute new identified opportun...