Business
Result of Retail Offer and Open Offer Details
Result of Retail Offer and Open Offer Details.
About this update from Duke Capital Limited
[{"type":"text","content":"\n \nRNS Number : 9067O Duke Royalty Limited 07 October 2019 \n\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, INTO OR FROM THE UNTIED 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.\n \nTHIS ANNOUNCEMENT DOES NOT CONSTITUTE A PROSPECTUS OR OFFERING MEMORANDUM IN RESPECT OF ANY SECURITIES.\n \n \n \nDuke Royalty Limited\n(\"Duke Royalty\", \"Duke\" or the \"Company\")\nResult of Retail Offer and announcement of Open Offer details\nDuke Royalty Limited (AIM: DUKE), a provider of alternative capital solutions to a diversified range of profitable and long-established businesses in Europe and abroad, recently announced a Fundraising of up to approximately £20 million from new and existing investors, which included a Placing, a Retail Offer (the \"Retail Offer\"), and an Open Offer. \nThe Company is pleased to announce that it has successfully completed the Retail Offer and has conditionally raised a total of approximately £461,500 on the platform, through the issue of 1,048,974 New Ordinary Shares to be issued on Admission. To date, the total of the Placing and Retail Offer has raised approximately £16.55 million.\nAs such, up to approximately £3.45 million will be available to Qualifying Shareholders under the Open Offer through the issue of up to 7,838,135 Open Offer Shares. As previously announced, the Company will also seek further direct subscriptions of new Ordinary Shares to accommodate demand from new and existing investors, including family offices and private wealth managers. \nThe Company will announce the final amount raised pursuant to the Fundraising, and any additional subscriptions of new Ordinary Shares near the time of the General Meeting.\nQualifying Shareholders may apply for Open Offer Shares under the Open Offer at the Issue Price on the following basis:\n2 Open Offer Shares for every 51 Existing Ordinary Shares\nand so in proportion for any number of Existing Ordinary Shares held on the Record Date. Entitlements of Qualifying Shareholders will be rounded down to the nearest whole number of Offer Sha...