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Duke Royalty Limited (DUKE)

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Wednesday 05 December, 2018

Duke Royalty Limited

Issue of Shares and Total Voting Rights

RNS Number : 4235J
Duke Royalty Limited
05 December 2018
 

 5 December 2018

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

Issue of Shares and Total Voting Rights

Duke Royalty Limited (AIM: DUKE) announces it has issued 1,665,000 ordinary shares of no par value ("Ordinary Shares") to the Duke Royalty Employee Benefit Trust (the "EBT"), which will be held by the EBT pending satisfaction of the relevant performance criteria pursuant to the Company's Long Term Incentive Plan ("LTIP"). This issuance fully satisfies the PSA awards approved under the Company's LTIP for the financial year to 31 March 2018 as announced on 31 October 2018 (via RNS Number: 7711F).

Application will be made for the admission to trading on AIM ("Admission") of these 1,665,000 Ordinary Shares with Admission expected to take place at 8.00 a.m. on 11 December 2018 ("Admission").

 

Following Admission, the Company will have a total of 199,872,459 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.

 

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

 

Duke Royalty Limited

Neil Johnson/ Charlie Cannon-Brookes

 

+44 (0) 1481 741 240

Grant Thornton UK LLP 

(Nominated Adviser)

Colin Aaronson/ Samantha

Harrison / Seamus Fricker

 

+44 (0) 20 7383 5100

 

Cenkos Securities plc 

(Joint Broker)

 

Julian Morse/ Michael Johnson

+44 (0) 207 397 8900

Mirabaud Securities Limited

(Joint Broker)

 

Peter Krens/ Edward Haig-Thomas

 

+44 (0) 20 3167 7222

Newgate Communications

(PR)

 

Elisabeth Cowell/ Robin Tozer/ Ian Silvera

+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.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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