Result of EGM and Issue of Equity

RNS Number : 0664A

Duke Royalty Limited

21 December 2017

 

21 December 2017

Duke Royalty Limited
("Duke Royalty", "Duke" or the "Company")

Result of EGM and Issue of Equity

Duke Royalty Limited (AIM: DUKE) 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 5 December 2017, was duly passed by Shareholders.

Accordingly, pursuant to the Fundraising and further to the abovementioned passing of the Resolution, the Company is issuing 50,000,000 new Ordinary Shares to new and existing institutional investors. A further 1,500,000 new Ordinary Shares will also be issued pursuant to the Support Services Agreement.

Other than where defined, capitalised terms used in this announcement have the meanings given to them in the fundraising announcement released by the Company on 4 December 2017.

Total Voting Rights

Application has been made for the admission of 51,500,000 new Ordinary Shares to trading on the AIM market of the London Stock Exchange, which is expected to become effective and dealings commence at 8:00 am on 22 December 2017 ("Admission"). Following Admission, the Company's enlarged share capital will comprise 96, 877,459 Ordinary Shares, with voting rights. The Company does not hold any shares in Treasury.

Therefore, the total number of Ordinary Shares in the Company with voting rights will be 96, 877,459 Ordinary Shares and Shareholders may use this figure 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 and Transparency Rules.

About Duke Royalty

Headquartered in Guernsey, Duke Royalty Limited provides alternative financing solutions to a diversified range of businesses in Europe and abroad. Duke Royalty's experienced team and exclusive partnership provide financing solutions to private companies that are in need of capital but whose owners wish to maintain equity control of their business. Duke Royalty's royalty investments are intended to provide robust, stable, long term returns to its shareholders.

Duke Royalty is listed on the AIM market under the ticker DUKE. For more information, visit dukeroyalty.com.

For further information:

Duke Royalty Limited	Neil Johnson / Charlie Cannon-Brookes
	[phone]
Grant Thornton UK LLP (Nominated Adviser)	Colin Aaronson / Samantha Harrison / Carolyn Sansom
	[phone]
Cenkos Securities plc (Joint Broker)	Julian Morse / Michael Johnson
	[phone]
Mirabaud Securities LLP (Joint Broker)	Peter Krens / Edward Haig-Thomas
	[phone]

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide further details.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Neil Johnson
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Duke Royalty Limited
b)	LEI	213800GUTKPSJ39SER44
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares GG00BYZSSY63
	Identification code
b)	Nature of the transaction	Purchase of Placing Shares pursuant to the Fundraising
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			40p	252,000
d)	Aggregated information
	- Aggregated volume
	- Price
e)	Date of the transaction	21 December 2017
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Charles Cannon-Brookes
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Duke Royalty Limited
b)	LEI	213800GUTKPSJ39SER44
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares GG00BYZSSY63
	Identification code
b)	Nature of the transaction	Purchase of Placing Shares pursuant to the Fundraising
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			40p	998,000
d)	Aggregated information
	- Aggregated volume
	- Price
e)	Date of the transaction	21 December 2017
f)	Place of the transaction	London Stock Exchange

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