Duke Capital to raise a minimum of £15 million in fundraise

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

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Duke Capital plc

More articles like this

Duke Capital plc

SMEs find new ways to tackle financial challenges

A recent study by Shawbrook highlights that 71% of small and medium-sized enterprise (SME) owners have turned to personal finances to support their businesses. The research revealed a notable rise in personal credit card usage (54%)

Duke Capital plc

How Duke Capital stands to gain from the Autumn budget

The UK’s 2024 Autumn Budget has created a promising outlook for sectors dependent on capital investment and regional infrastructure, bolstered by a framework aimed at economic growth and resilience. The budget introduced significant public investment initiatives,

Duke Capital plc

Duke Capital’s strong performance in FY24

Duke Capital has established itself as a prominent provider of hybrid capital solutions for profitable, lower mid-market private businesses. Operating since 2017, Duke offers a unique investment product that combines a fixed-rate corporate mortgage with variable

Duke Capital plc

How Rachel Reeves can strengthen support for SMEs

As the UK economy recovers, Labour needs to focus on empowering small and medium-sized enterprises (SMEs), which are essential for job creation and innovation. To do this, Labour should introduce long-term, sector-specific financial support, allowing SMEs

Duke Capital plc

Optimism amongst UK SMEs continues to grow

Optimism within UK SMEs has been steadily rising for the third consecutive year, as revealed by a recent poll conducted by American Express. The survey highlighted that 70% of small and medium-sized businesses expressed confidence in

Duke Capital plc

United Glass Group expands with premier acquisition

A glass manufacturing business in South West England has recently been acquired by United Glass Group (UGG), a company based in the West Midlands. The deal follows a £3m investment by Duke Capital, furthering its ongoing

Duke Capital plc

Positive expansion in the glass industry

United Glass Group (UGG), a company based in the West Midlands, has expanded its operations by acquiring Premier Double Glazed Units Limited, a glass unit manufacturer located in the South West of England. This acquisition was

Duke Capital plc

Dublin-based education provider acquired in successful deal

Planet Education Works, a London-based educational services provider, has acquired City Education and Learning Group (City Colleges) in a multimillion-euro transaction. Duke Capital announced that its partner, Step Investments (Step), has finalised the sale of City