21
March 2024
Dukemount Capital
Plc
("Dukemount" or
the "Company")
Notice of AGM and a
conditional subscription to raise £300,000
The board of directors of Dukemount
Capital Plc is pleased to announce that a circular will be posted
to shareholders to convene an annual general meeting of the Company
on 18 April 2024 (the "AGM"). The resolutions (the "Resolutions")
to be proposed at the annual general meeting will be to, inter
alia, restructure the share capital of the Company given the
current trading price is below the nominal value. The proposed
nominal value is £0.00001 per New Ordinary Share.
In addition, the Company has
conditionally raised gross proceeds of £300,000 through a
subscription of 750,000,000 New Ordinary Shares ("Subscription
Shares") at a price of £0.0004 per share ("Subscription Price")
with a one for one warrant attached (the "Subscription Warrants"),
subject to the Resolutions being passed at the AGM (the
"Subscription").
The Company is currently unable to
admit new shares to trading on the standard segment of the Main
Market without either the publication of an FCA approved prospectus
or relying upon an exemption to the requirement to issue a
prospectus. Consequently, the Subscription is by Paul Gazzard, a
director of Dukemount. Immediately following admission of the
Subscription Shares to the Official List of the UK Listing
Authority by way of a Standard Listing ("Admission"), Mr Gazzard
has agreed to sell the Subscription Shares and the Subscription
Warrants, at the Subscription Price to unconnected
investors.
The Subscription Warrants are valid
for three years from the date of Admission, exercisable at £0.0006
per New Ordinary Share. The Subscription Warrants can only be
exercised into New Ordinary Shares if the Company has regulatory
authority to do so.
Applications will be made, subject
to the approval of all Resolutions at the AGM, for the Admission of
the Subscription Shares and it is expected that Admission will
become effective and that dealing in the Subscription Shares will
commence on or around 19 April 2024. Following Admission, the
Company will have 1,719,316,623 ordinary shares of £0.00001 each in
issue, none of which are held in treasury. Therefore, the total
number of voting rights in the Company will be
1,719,316,623.
The AGM Notice will shortly be
available on the Company's website at:
https://dukemountcapitalplc.com/publications.php
For further information, please visit www.dukemountcapitalplc.com or contact:
Dukemount Capital Plc :
Email info@dukemountplc.com
CEO: Paul Gazzard
Non-Executive Director: Geoffery
Dart
Broker
Enquiries:
Peterhouse Capital Limited
Tel: +44 (0) 207 469 0930
Lucy Williams/Duncan
Vasey