Business
Proposed Fundraising to raise at least £20 million
Proposed Fundraising to raise at least £20 million.
About this update from Duke Capital Limited
[{"type":"text","content":"\n \nRNS Number : 3426Y Duke Royalty Limited 04 December 2017 \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, IN, INTO OR FROM THE UNITED 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 BECOME 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. \n \nDuke Royalty Limited\n(\"Duke Royalty\", \"Duke\" or the \"Company\")\n \nProposed Fundraising to raise at least £20 million\n \nDuke Royalty Limited (AIM: DUKE), the royalty financing company, is pleased to announce a proposed conditional placing and subscription (\"Fundraising\") to raise at least £20 million, before expenses, by way of a Placing of New Shares at a price of 40 pence per share (the Issue Price) and a Subscription by certain overseas investors on the same terms. The net proceeds of the Fundraising will allow the Company, inter alia, to continue to finance its diversified pipeline of royalty financing opportunities. \nHighlights \n· Proposed Placing and Subscription to raise gross proceeds of at least £20 million\n· Net proceeds to diversify portfolio of royalty investments and provide working capital \n· Two new potential royalty partners in advanced stages of negotiation \n· Additional proceeds to execute on new identified opportunities and/or follow on investments in existing royalty partners\n· Following deployment of capital, Duke could have exposure to up to 6 underlying companies through four Royalty Partners\n· ...