LONDON - Duke Capital Limited (AIM:DUKE), a provider of hybrid capital solutions for small and medium-sized enterprises (SMEs) in Europe and North America, announced Monday that its shareholders approved a significant fundraising effort during an Extraordinary General Meeting. The company successfully raised gross proceeds of £23.5 million through the issue of equity.
The equity issue includes 85,454,636 new shares, divided into 56,836,367 Placing Shares, 4,727,362 Broker Option Shares, 5,709,089 Subscription Shares, and 18,181,818 Retail Offer Shares. These shares are expected to be admitted to trading on the AIM market of the London Stock Exchange (LON:LSEG) starting at 8.00 a.m. on Wednesday.
Following the admission of the new shares, Duke Capital's total issued share capital will consist of 509,815,773 Ordinary Shares with voting rights. This figure is significant for shareholders who need to disclose their interest or any changes to their interest in the company, as per the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The company, which specializes in a financing model it refers to as a 'corporate mortgage,' aligns its returns with the success of its business clients. Duke Capital emphasizes capital preservation, attractive dividend yield, and potential upside upon exits as its three core investment pillars.
The recent fundraising is expected to support Duke Capital's continued provision of long-term financing solutions that mitigate refinancing risks and obviate the need for short-term exits for its SME clients.
The information in this article is based on a press release statement from Duke Capital Limited.
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