Duke Capital Limited, a provider of hybrid capital solutions to small and medium-sized enterprises (SMEs) across Europe and North America, announced the successful completion of a significant fundraising initiative following approval from its shareholders. The company raised a total of £23.5 million through the issue of new equity.
The fundraising effort included the issuance of 85,454,636 new shares, which were divided into several categories: 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 begin trading on the AIM market of the London Stock Exchange at 8.00 a.m. on Wednesday.
As a result of this equity issue, Duke Capital’s total share capital will increase to 509,815,773 Ordinary Shares with voting rights. This change is significant for shareholders, who will need to update any disclosures regarding their interests in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
Duke Capital, known for its unique ‘corporate mortgage’ financing model, aligns its returns with the success of its business clients. The company focuses on capital preservation, delivering attractive dividend yields, and offering potential upside upon exits. The funds raised are intended to strengthen the company’s ability to provide long-term financing solutions for SMEs, reducing refinancing risks and the need for short-term exits.
