Dukemount Capital PLC Issue of Equity (9759B)
June 15 2021 - 8:15AM
UK Regulatory
TIDMDKE
RNS Number : 9759B
Dukemount Capital PLC
15 June 2021
Dukemount Capital Plc
15 June 2021
Dukemount Capital Plc
("Dukemount" or the "Company")
Issue of Equity
Further to its announcement of 04 May 2021 regarding the
unsecured loan facility for GBP1,000,000, Dukemount Capital Plc,
the property management and long dated income specialist has issued
13,286,713 ordinary shares to the consortium arranged by Sanderson
Capital Partners Limited as payment under the Facility Agreement in
relation to fees. The availability fee of GBP70,000, GBP10,000
drawdown fees and reimbursement of legal fees were converted into
ordinary shares at 0.715p.
In addition to the above arrangement, 3,846,153 ordinary shares
have been issued to Miriad Limited under an agreement for the
provision of Investor Relations services for an initial 12 months,
which equates to GBP25,000 at 0.65p.
When issued, the New Shares will be credited as fully paid and
will rank pari passu in all respects with the existing ordinary
shares in the share capital of the Company, including the right to
receive all dividends and other distributions declared, made or
paid on or in respect of such shares after the date of issue of the
New Shares.
Application has been made to the Financial Conduct Authority
("FCA") for admission of the New Shares to the standard listing
segment of the Official List and to the London Stock Exchange (the
"LSE") for admission to trading of the New Shares on the LSE's Main
Market for listed securities (together "Admission"). It is expected
that Admission will take place at 8 a.m. on or around 16 June 2021
and that dealings in the New Shares on the LSE's main market for
listed securities will commence at the same time.
Total Voting Rights
The Company does not hold any Ordinary Shares in treasury.
Therefore, following Admission, the total number of voting rights
in Dukemount Capital plc is 498,416,532. 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 in their interest in, the Company under the FCA's
In addition, Chesterfield Capital Limited has mutually agreed
with the company to extend the terms of the Convertible Loan Note,
announced on 08 December 2020 and which injected GBP500,000 into
Dukemount, by 90 days on the original terms of being convertible at
a price of 0.65p.
The issue of the Notes was deemed to be a related party
transaction as Dukemount Chairman, Geoffrey Dart is a director and
indirect shareholder of Chesterfield Capital.
Disclosure Guidance and Transparency Rules.
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014 (as in force in the United
Kingdom pursuant to the European Union (Withdrawal) Act 2018).
For further information, please visit
www.dukemountcapitalplc.com or contact:
Dukemount Capital Plc Via St Swithins PR
Geoffrey Dart / Matthew Thompson
St Swithins PR (Media and Investor Tel: +44 (0) 1732 521132
Enquiries)
Gary Middleton gary@swithins.com
Peterhouse Capital Limited Tel: +44 (0) 207 469 0930
Lucy Williams/Duncan Vasey
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END
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