Duke Royalty Limited Result of PrimaryBid Offer and Total Voting Rights (5738U)

TIDMDUKE

RNS Number : 5738U

Duke Royalty Limited

06 April 2021

THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF DUKE ROYALTY LIMITED.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

6 April 2021

Duke Royalty Limited

(" Duke " or the " Company " ) ( LON : DUKE )

Result of PrimaryBid Offer and Total Voting Rights

Further to its recent announcements regarding a Placing to raise GBP32 million and PrimaryBid Offer to raise up to an additional GBP3 million, Duke Royalty Limited, the AIM quoted provider of alternative capital solutions to a diversified range of profitable and long-established businesses in Europe and abroad , is pleased to announce that it has raised the maximum amount under the PrimaryBid Offer of GBP3.0 million (before expenses) following the closing of the offer on 6 April 2021.

The PrimaryBid Offer and the Placing remain conditional on the New Ordinary Shares being admitted to trading on AIM . Application will be made for 100,000,002 New Ordinary Shares (representing the 91,428,573 Placing Shares and the 8,571,429 PrimaryBid Shares) to be admitted to trading on AIM ("Admission"), which is expected to be take place at 8.00 a.m. on 19 April 2021 . Following Admission, the Company will have 357,906,909 Ordinary Shares in issue carrying voting rights admitted to trading on AIM. This figure (357,906,909) 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 FCA's Disclosure Guidance and Transparency Rules.

Neil Johnson, CEO of Duke Royalty, said: "Duke Royalty is delighted to give existing shareholders and new individuals the chance to participate on the same terms as the institutions. It has been an extremely well supported fundraise and Duke continues to benefit from a widening breadth of shareholders and new investors."

Unless otherwise defined, capitalised terms used in this announcement have the meanings given to them in the Placing Announcement.

This announcement contains inside information.

   For further information, please visit www.dukeroyalty.com   or contact: 
 
                         Neil Johnson / Charlie 
                          Cannon Brookes / Hugo 
 Duke Royalty Limited     Evans                                   +44 (0) 1481 730 613 
 Cenkos Securities 
  plc                    Stephen Keys / Callum 
  (Nominated Adviser      Davidson / Julian Morse 
  and Joint Broker)       / Michael Johnson                       +44 (0) 207 397 8900 
 
 Canaccord Genuity       Adam James / Sam Lucas 
  (Joint Broker)          / Georgina McCooke                      +44 (0) 207 523 8000 
 PrimaryBid Limited      James Deal / Fahim Chowdhury         enquiries@primarybid.com 
 SEC Newgate (PR)        Elisabeth Cowell/ Tom                  + +44 (0) 20 3757 6880 
                          Carnegie/ Megan Kovach          dukeroyalty@secnewgate.co.uk

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