Duke Capital Ltd, a Guernsey-based company specialising in providing capital solutions to small and medium-sized businesses across Europe and North America, announced a fundraising total of £23.5 million. This result surpassed its initial minimum target of £15 million, reflecting strong investor interest.
The overwhelming demand led the company to increase the maximum size of its retail offer from £3.0 million to £5.0 million, enabling a higher allocation to retail investors. The total funds raised come from multiple sources, including a placing, subscription, retail offer, and broker option.
Subject to approval at the upcoming extraordinary general meeting, Duke Capital plans to issue approximately 85.5 million new shares. This includes 56.8 million for the placing, 18.2 million from the retail offer, 5.7 million for the subscription, and 4.7 million for the broker option. Following the issuance, the total number of shares in circulation will rise to 509.8 million.
Despite the positive fundraising news, Duke Capital’s shares experienced a dip, closing down 2.6% at 28.00 pence on Friday afternoon in London trading.
The successful fundraising marks a significant achievement for Duke Capital, exceeding expectations and enabling broader participation from retail investors.
Duke Capital Limited (LON:DUKE), formerly Duke Royalty Limited, is a Guernsey-based provider of hybrid capital solutions for small and medium-sized enterprises (SME) business owners in the United Kingdom, Europe and North America, combining the features of both equity and debt.
