Business
Result of Fundraising
Result of Fundraising.
About this update from Duke Capital Limited
[{"type":"text","content":"\n \nRNS Number : 8732Z Duke Royalty Limited 17 March 2017 \n\n \nDuke Royalty Limited\n(\"Duke Royalty\" or the \"Company\")\n \nResult of the Fundraising and Posting of Admission Document\n \nFurther to the announcement released by the Company dated 16 March 2017 (the \"Fundraising Announcement\"), the Company is pleased to announce that it has successfully raised £15 million before expenses and will, accordingly, apply for its shares to be re-admitted to AIM with admission expected to take place at 08.00 on or around 23 March 2017. The Company will publish an AIM admission document on Monday 20 March 2017.\nDEFINITIONS\n \nOther than where defined, capitalised terms used in this announcement have the meanings given to them in the Fundraising Announcement.\n \nResult of Fundraising\nPursuant to the Fundraising Announcement, the Company is pleased to announce that a total of 37,500,000 New Shares have been successfully placed or subscribed for in the Company at a price of 40 pence per share, with new and existing institutional investors, as well as certain Directors. Pursuant to the Fundraising, the Company has raised gross proceeds of £15 million (net proceeds £13.8 million after expenses).\nCantor Fitzgerald and Mirabaud acted as joint bookrunners in connection with the Placing. Grant Thornton acted as nominated adviser to the Company. \nTotal Voting Rights\nPursuant to the Fundraising, application will be made for the re-admission of the Company's Ordinary Shares to trading on AIM (\"Admission\"). Subject to the Placing Agreement not having been terminated in accordance with its terms, it is anticipated that Admission will occur at 8.00 a.m. on 23 March 2017. The New Shares will be credited as fully paid and rank pari passu with the existing Ordinary Shares.\nFollowing Admission, the Company will have a total of 45,377,459 Ordinary Shares in issue. 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 Disclosure and Transparency Rules.\nDirectors and PDMR shareholdings\nThe following Directors and PDMRs participated in the Fundraising as follows:\n\n\n\n\nName\n\n\nNo. of Existing Ordinary Shares\n\n\nNo. ...