Business
Raises £20m through Placing and PrimaryBid Offer
Raises £20m through Placing and PrimaryBid Offer.
About this update from Duke Capital Limited
[{"type":"text","content":"\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 11 May 2022\n \n \n \n \n \n \n \n \n Duke Royalty Limited\n \n \n \n \n \n \n \n \n (\"Duke Royalty\", \"Duke\" or the \"Company\")\n \n \n \n Raises £20m through Placing and PrimaryBid Offer\n \n \n \n \n \n \n Further to the announcement of 10 May 2022 regarding the proposed placing via accelerated bookbuild (the \"Placing Announcement\"), the Company is pleased to announce that it has successfully raised £\n 18.5 million (before expenses) under the Placing at the Issue Price (35p). Cenkos and Canaccord acted as Joint Bookrunners in connection with the Placing.\n \n \n \n \n In addition, the Company\n is also pleased to announce \n that it has raised the maximum amount under the PrimaryBid Offer of £1.5 million (before expenses) following the closing of the offer on 10 May 2022.\n \n \n The Company's Directors and their related parties have agreed to subscribe for 1,500,000 Placing Shares at the Issue Price.\n \n \n The PrimaryBid Offer and the Placing remain conditional on the passing of the Resolution by Shareholders at the Extraordinary General Meeting and the New Ordinary Shares being admitted to trading on AIM. Application will be 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 (\"Admission\"), which is expected to be take place at 8.00 a.m. on 26 May 2022.\n \n \n Following Admission, the Company will have 415,946,218 Ordinary Shares in issue carrying voting rights admitted to trading on AIM. This figure 415,946,218\n 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.\n \n \n \n A circular, containing further details of the Fundraising and notice of the Extraordinary General Meeting...