TIDMDKE

RNS Number : 3854F

Dukemount Capital PLC

15 July 2021

Dukemount Capital PLC

15 July 2021

Dukemount Capital Plc

("Dukemount" or the "Company")

Result of GM

The Company announces that at the General Meeting of the Company held on 15 July 2021, Resolutions 2-5 and 7-9 were duly passed; Resolutions 1 and 6 did not pass.

Resolution 1, proposed as an ordinary Resolution, that the directors be generally and unconditionally authorised to allot and issue equity securities (as defined by section 560 of the Companies Act) up to an aggregate nominal amount of 3,046,875,000 Ordinary Shares (GBP3,046,875.00) for the Global Facility.

Resolution 6, proposed as a Special Resolution, was subject to the passing of Resolution 1 which empowered the directors of the Company, pursuant to section 570 of the Companies Act, to allot equity securities (as defined in section 560 of the Act) wholly for cash pursuant to the authority conferred upon them by Resolution 1.

The Company signed an agreement with Global Corporate Finance Opportunities 14 on 16 June for an equity line of credit of up to GBP6.50m. The funding would have provided Dukemount with a facility, of which it had expected to draw down GBP3m over the next six months, beginning with a tranche of GBP1.2m. The remaining GBP3.5m would have been be drawn down, if required .

As a result of the voting of the General Meeting, the Company will not now be able to pursue its agreement with Global Finance Opportunities 14. The Company remains committed to its Joint Venture with HSKB for Environmental Energy Projects and will continue to look for alternative funding options and make announcements in due course.

For further information, please visit www.dukemountcapitalplc.com or contact:

Dukemount Capital Plc

   Geoffrey Dart/Mathew Thompson          E: info@dukemountcapitalplc.com 

Media Enquiries

   Zak Mir                                                          Tel: +44 (0) 7867 527 659 

Peterhouse Capital Limited Tel:

   Lucy Williams/Duncan Vasey                     Tel: +44 (0) 207 469 0930 

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END

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July 15, 2021 06:19 ET (10:19 GMT)

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