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Dukemount Capital PLC - investor in the sustainable and flexible energy markets - On Wednesday signs off subordinated funding package needed to enable senior debt funding for the gas peaking projects planned for its joint venture with HSKB. As part of the package, Dukemount converts the Chesterfield Capital Ltd convertible loan into shares at 0.65 pence each, and repays and terminates the Sanderson Capital Partners Ltd convertible loan facility.
The funding includes a GBP1.0 million share placing at a maximum of 0.55p per share, and a GBP3.0 million mezzanine.
When the funding is complete, Paul Gazzard will become chief executive, replacing Matthew Thompson.
Current stock price: 0.35 pence
Year-to-date change: down 48%
By Ivan Edwards; ivanedwards@alliancenews.com
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