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Duke Royalty Limited - Issue of Equity

RNS Number : 1594Q
Duke Royalty Limited
17 June 2020
 

17 June 2020

 

Duke Royalty Limited

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

Issue of Equity

Duke Royalty Limited (AIM: DUKE) announces the issue of 2,525,000 new ordinary shares of no par value ("New Shares")  to the Company's employee benefit trust in connection with the performance share awards ("PSA Awards") previously granted under the Company's LTIP for its financial year to 31 March 2019, as announced on 6 December 2019.  The issuance of the New Shares to the Duke Royalty Employee Benefit Trust (the "EBT") will be held by the EBT, and ownership of shares will be transferred to LTIP beneficiaries pending satisfaction of the relevant vesting period and performance criteria, pursuant to the Company's Long Term Incentive Plan ("LTIP").

Application will be made for the admission to trading on AIM ("Admission") of these 2,525,000 Ordinary Shares with Admission expected to take place at 8.00 a.m. on 23 June 2020 ("Admission").

Following Admission, the Company will have a total of 242,152,358 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.

 

***ENDS***

 

For further information, please contact www.dukeroyalty.com, or contact:

 

Duke Royalty Limited

Neil Johnson / Charlie Cannon Brookes / Hugo Evans

 

+44 (0) 1481 741 240

Cenkos Securities plc 

(Nominated Adviser and Broker)

 

Stephen Keys / Callum Davidson / Julian Morse / Michael Johnson

 

+44 (0) 207 397 8900

Newgate Communications (PR)

Elisabeth Cowell/ Ian Silvera/ Megan Kovach

+ +44 (0) 20 3757 6880 [email protected]

 

 

About Duke Royalty

 

Duke Royalty Limited provides alternative capital solutions to a diversified range of profitable and long-established businesses in Europe and abroad. Duke Royalty's experienced team 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 and is headquartered in Guernsey.

 

 


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Quick facts: Duke Royalty Ltd

Price: 27.75

Market: AIM
Market Cap: £68.44 m
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