Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDuke Royalty Share News (DUKE)

Share Price Information for Duke Royalty (DUKE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 24.00
Bid: 23.50
Ask: 24.50
Change: 0.25 (1.05%)
Spread: 1.00 (4.26%)
Open: 23.75
High: 24.00
Low: 23.75
Yest. Close: 23.75
DUKE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

Duke Royalty puts another ?2m into Lynx Equity UK

Fri, 1st Nov 2019 15:41

(Sharecast News) - Alternative capital provider Duke Royalty announced a follow-on investment of £2m into its existing royalty partner Lynx Equity UK on Friday.
The AIM-traded company said Lynx UK would allocate Duke's further contribution towards the acquisition of Danish manufacturer, Sundby Trapper, which was undertaken in May and represented its fifth acquisition across the UK and Europe.

It said the follow-on investment diversified both Duke's portfolio and Lynx UK's revenue base.

Based on the increased investment and enhanced exposure of £12m in Lynx UK, Duke would be entitled to higher distributions of £1.6m per annum from Lynx UK, beginning in November.

That represented a pro forma cash yield of 13.0% on total invested capital.

Duke said the follow-on transaction would also increase the security of Duke's investment, with all other terms of the £2m contribution being the same as Duke's previous investment made into Lynx UK.

Sundby is a manufacturer of specialised steel staircases and related products in Denmark and throughout the Nordic region, the board explained.

It said the company, founded in 1964, had a strong market presence and a solid growth opportunity servicing residential, commercial and institutional markets.

Sundby's reputation for best-in-class products had enabled it to win bids for prestigious projects, including the National Gallery of Denmark and the Norwegian Royal Palace.

"We are delighted to deliver further portfolio diversification and income through the rapid deployment of proceeds raised from our recent fundraise," said Duke Royalty chief executive officer Neil Johnson.

"Lynx UK has a strong track record of financial performance which has facilitated two consecutive positive annual adjustments and, when consolidating its five wholly owned businesses, represents one of our largest Royalty Partners by revenue and EBITDA.

"This contribution further highlights our track-record of being a flexible and long-term funding partner for businesses in the UK, Europe and abroad."

As at 1449 GMT, shares in Duke Royalty were down 0.34% at 43.65p.

More News

IN BRIEF: Duke Royalty Swings To Annual Loss But Raises Payout

IN BRIEF: Duke Royalty Swings To Annual Loss But Raises Payout

17 Sep 20 15:17

IN BRIEF: Duke Royalty Upturn In Trading Continues Into Second Quarter

IN BRIEF: Duke Royalty Upturn In Trading Continues Into Second Quarter

16 Sep 20 15:50

Duke Royalty Q1 momentum carries over to Q2

(Sharecast News) - Alternative capital provider Duke Royalty said on Wednesday that the "general upturn" in trading seen across its partners in the first quarter had continued into the second.

16 Sep 20 09:57

UK TRADING UPDATE SUMMARY: Henry Boot Unit In Voluntary Liquidation

UK TRADING UPDATE SUMMARY: Henry Boot Unit In Voluntary Liquidation

14 Sep 20 17:21

Duke Royalty exits investment in Xtremepush

(Sharecast News) - Duke Royalty announced the successful exit of its £2m investment in its royalty partner, the Dublin-based business-too-business technology platform Xtremepush, on Monday.

14 Sep 20 11:11

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

10 Sep 20 16:01

IN BRIEF: Duke Royalty Invests In Welltel To Support Intellicom Buy

IN BRIEF: Duke Royalty Invests In Welltel To Support Intellicom Buy

10 Aug 20 12:14

UK TRADING UPDATE SUMMARY: Warehouse REIT Pipeline Progressing Well

UK TRADING UPDATE SUMMARY: Warehouse REIT Pipeline Progressing Well

6 Aug 20 18:18

Duke Royalty reports strong pickup

(Sharecast News) - Duke Royalty shares jumped by a fifth after the financing company reported a strong pickup in trading for the companies it backs.

6 Aug 20 10:27

IN BRIEF: Duke Royalty Invests GBP2.3 Million In Partner Welltel

IN BRIEF: Duke Royalty Invests GBP2.3 Million In Partner Welltel

18 Jun 20 18:51

Duke Royalty puts another £2.3m into Welltel Ireland

(Sharecast News) - Alternative capital provider Duke Royalty announced a follow-on investment of £2.3m into its existing royalty partner, the Dublin-headquartered telecoms, IT and network specialist Welltel Ireland, on Thursday.

18 Jun 20 16:43

UK TRADING UPDATE SUMMARY: M&C Saatchi Feels Virus Pain

UK TRADING UPDATE SUMMARY: M&C Saatchi Feels Virus Pain

2 Apr 20 16:02

Duke Royalty Invests Further GBP1 Million Into Lynx Equity

Duke Royalty Invests Further GBP1 Million Into Lynx Equity

16 Mar 20 12:17

Duke Royalty Confident In Performance Despite Market Troubles

Duke Royalty Confident In Performance Despite Market Troubles

11 Mar 20 13:38

Duke Royalty Makes Follow-On Investment In Bakhchysarai Ireland

Duke Royalty Makes Follow-On Investment In Bakhchysarai Ireland

31 Jan 20 12:18

Login to your account

Don't have an account? Click here to register.