Business
Result of EGM and Issue of Equity
Result of EGM and Issue of Equity.
About this update from Duke Capital Limited
[{"type":"text","content":"\n \nRNS Number : 6556W Duke Royalty Limited 02 August 2018 \n\n2 August 2018\nDuke Royalty Limited\n(\"Duke Royalty\" or the \"Company\")\nResult of EGM and Issue of Equity\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 that at the Extraordinary General Meeting of the Company held earlier today, the resolution as set out in the notice of Extraordinary General Meeting dated 16 July 2018 (\"Resolution\") was duly passed by Shareholders.\nAccordingly, pursuant to the £44 million fundraising announced on 13 July 2018 (\"Fundraising\") and further to the above mentioned passing of the Resolution, the Company is issuing 100,000,000 new Duke Royalty ordinary shares of no par value (\"Ordinary Shares\") to new and existing institutional investors 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.\nAdmission and dealings\nApplication has been made for the admission to trading on AIM of the 101,025,000 Ordinary Shares being issued pursuant to the fundraising and LTIP shares with admission expected to take place at 8.00 a.m. on 3 August 2018 (\"Admission\")\nTotal Voting Rights\nFollowing Admission, the Company will have a total of 197,902,459 Ordinary Shares in issue carrying voting rights. 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.\nDirectors' participation in the Fundraising\nAs announced on 13 July 2018, three of the Company's directors, Neil Johnson, Charles Cannon-Brookes and Nigel Birrell subscribed for Ordinary Shares in the Fundraising. \nFurther information about their aquisition of Ordinary Shares is set out in the announcement of 13 July 2018 and provided in the notifications below, made in accordance with the requirements of the EU Market Abuse Regulation.\n \n\n\n\n1 \n \n\n\nDetails of the person discharging managerial responsibilities / p...