18 April 2024
DUKEMOUNT CAPITAL PLC
("DUKEMOUNT" or the "Company")
RESULTS OF ANNUAL GENERAL
MEETING, CAPITAL REORGANISATION, ADMISSION OF NEW ORDINARY SHARES
AND TOTAL VOTING RIGHTS
Dukemount Capital Plc announces that
its annual general meeting ("AGM") has been held today at 10:00
a.m. All resolutions set out in the AGM circular dated 21 March
2024 have been approved.
Following the approval of the
capital reorganisation ("Capital Reorganisation") at the AGM,
applications were made to the FCA and the London Stock Exchange for
the Capital Reorganisation to be reflected on the Official List. It
is expected that 969,316,623 ordinary shares of £0.00001 ("New
Ordinary Shares") each will be admitted to trading and dealings
will commence on the London Stock Exchange at or around 8:00 a.m.
19 April 2024.
The New Ordinary Shares have the
same rights as the existing ordinary shares, including voting,
dividend, and other rights.
In addition, following the AGM, the
Company can now issue 750,000,000 New Ordinary Shares
('Subscription Shares') at a price of £0.0004 per share (the
'Subscription Price'), with one warrant attached to each
Subscription Share ("Subscription Warrants"), to Paul Gazzard, a
director of Dukemount to raise £300,000. 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.
Next Steps
Following the previous announcement
of the capitalisation of loans on March 4, 2024, and the £300,000
fundraise, the Company is now in a stronger position to pursue
potential strategic opportunities through a reverse
takeover.
The Board plans to take a thematic
approach, concentrating on identifying topical sectors with
potential for significant capital growth. This will involve
reviewing opportunities of various sizes and, if appropriate,
seeking a listing on AIM. The Board hopes to update shareholders
further as matters progress. However, at this stage, there
can be no certainty that a reverse takeover will take place and any
such transaction will, inter alia, require shareholder
approval.
Applications have been made to the
FCA and the LSE for the admission of the Subscription Shares
("Admission"). It is expected that 750,000,000 New Ordinary Shares
of £0.00001 each will be admitted to trading and dealings will
commence on the LSE at or around 8:00 a.m. 19 April
2024.
Following Admission, the Company
will have 1,719,316,623 New 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 is 1,719,316,623.
The above figure of 1,719,316,623
may be used by shareholders in the Company as the denominator for
the calculations by which they will determine if they are required
to notify their interest in, or a change in their interest in, the
share capital of the Company under the FCA's Disclosure and
Transparency Rules.
For further information, please visit www.dukemountcapitalplc.com or contact:
Company
Dukemount Capital Plc:
info@dukemountplc.com
Paul Gazzard (CEO)
Geoffery Dart (Non-Executive
Director)
Corporate Broker
Peterhouse Capital Limited
+44 (0) 207 469 0930
Lucy Williams/Duncan
Vasey
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Paul Gazzard
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Dukemount Capital plc
|
|
b)
|
LEI
|
213800IVPZ932NP24O44
|
|
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
Identification code
|
Ordinary Shares of £0.00001
each
ISIN: GB00BMWC6Q55
|
|
b)
|
Nature of the transaction
|
£300,000 Subscription for 750,000,000
new ordinary shares
|
|
c)
|
Price(s) and volume(s)
|
Price No. of
shares
£0.0004 750,000,000
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
750,000,000
£0.0004
|
|
e)
|
Date of the transaction
|
19 April 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Paul Gazzard
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Dukemount Capital plc
|
|
b)
|
LEI
|
213800IVPZ932NP24O44
|
|
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
Identification code
|
Ordinary Shares of £0.00001
each
ISIN: GB00BMWC6Q55
|
|
b)
|
Nature of the transaction
|
Disposal of 750,000,000 new ordinary
shares
|
|
c)
|
Price(s) and volume(s)
|
Price No. of
shares
£0.0004 750,000,000
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
750,000,000
£0.0004
|
|
e)
|
Date of the transaction
|
19 April 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|