Business
Placing to raise a minimum of £30 million
Placing to raise a minimum of £30 million.
About this update from Duke Capital Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 1859U\n Duke Royalty Limited\n 31 March 2021\n \n \n \n \n \n \n \n THIS ANNOUNCEMENT WAS DEEMED BY THE COMPANY TO CONTAIN INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 (\"MAR\") AS THEY FORM PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. WITH THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n \n \n \n 31 March 2021\n \n \n \n \n \n Duke Royalty Limited\n \n \n \n \n \n (\"Duke Royalty\", \"Duke\" or the \"Company\" or the \"Group\")\n \n \n Placing to raise a minimum of £30 million\n \n \n PrimaryBid Offer to raise up to £3 million\n \n \n at a price of 35 pence per share\n \n \n and\n \n \n Notice of Extraordinary General Meeting\n \n \n Duke Royalty Limited (AIM: DUKE), a provider of alternative capital solutions to a diversified range of profitable and long-established businesses in Europe and abroad, is pleased to announce a proposed Placing by way of an accelerated bookbuild to raise a minimum of £30 million (before expenses) via a conditional placing of new Ordinary Shares (\"Placing Shares\") at the issue price of 35p per share (\"Issue Price\") to new and existing institutional investors (the \"Placing\"), to support further growth of the Group and development of its business. \n \n \n Furthermore, the Company is seeking to raise up to an additional £3 million via PrimaryBid (the \"PrimaryBid Offer\" and together with the Placing, the \"Fundraise\") in order to provide other investors who may not have taken part in the Placing, with an opportunity to participate in the Fundraising.\n \n \n Cenkos Securities plc and Canaccord Genuity Limited are acting as Joint Bookrunners in relation to the Placing.\n \n \n Transaction Highlights \n \n \n · \n The Company is conducting a conditional Placing to raise a minimum of £30 million via the Placing of the Placing Shares at the Issue Price.\n \n \n · \n The Placing is to be conducted by way of an accelerated bookbuild process which will commence immediately following this Announcement and will be subject to the terms and conditions set out in Appendix I to this Announcement.\n \n \n · \n Proposing to raise up to a further £3 million via the PrimaryBid Offer, which shall remain open until 6 April 20...