Duke Capital Limited (LON:DUKE), a leading provider of hybrid capital solutions for SME business owners in Europe and North America, has announced a proposed fundraising of a minimum of £15 million through the issue of new Ordinary Shares to support its next phase of growth.
Transaction Highlights
· Conditional Placing and Subscription to raise a minimum of £15 million through the issue of a minimum of 48,836,366 Placing Shares and minimum of 5,709,089 Subscription Shares at the Issue Price of 27.5p per share
· Management intends to subscribe for an aggregate of £0.82 million via the Placing and/or Subscription
· The Placing is being conducted by way of an accelerated bookbuild process which will commence immediately following this announcement, the results of which will be announced shortly
· Company has granted a Broker Option to the Joint Brokers, enabling other institutional investors and private client brokers the opportunity to participate in the Fundraising at the Issue Price, following the closing of the accelerated bookbuild, up until midday on Friday 22 November 2024
· In addition, a Retail Offer will be launched to raise up to an additional £3 million, to enable other retail investors to participate in the Fundraising at the Issue Price up until midday on Friday 22 November 2024
