Further to its announcement made on 14 November 2024 regarding a proposed fundraising to raise a minimum of £15 million by way of a placing, subscription, retail offer and broker option, Duke Capital Limited (LON:DUKE) has announce that, following the closing of the accelerated bookbuild, it has conditionally raised gross proceeds of £17.2 million (before expenses) under the Placing and Subscription, at the Issue Price of 27.5 pence per share, comprising 56,836,367 Placing Shares and 5,709,089 Subscription Shares.
Cavendish and Canaccord are acting as agents for and on behalf of the Company in respect of the Placing.
Separately, the Company announced a Retail Offer to raise up to an additional £3 million through the BookBuild Platform and a Broker Option pursuant to which additional orders for New Shares may be placed with the Joint Brokers. The result of the Retail Offer, Broker Option and final amount raised pursuant to the Fundraising is expected to be announced by the Company on or around 22 November 2024.
