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Pin to quick picksDuke Capital Share News (DUKE)

Share Price Information for Duke Capital (DUKE)

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Share Price: 29.25
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TRADING UPDATES: GSTechnologies buys crypto exchange; Altus realigns

Thu, 20th Jan 2022 21:13

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Duke Royalty Ltd - royalty finance company - Makes GBP2.5 million follow-on investment into existing royalty partner InTec Business Solutions Ltd to fund its two latest acquisitions. InTec is an investment holding company focused synergistic companies within the IT Managed Services sector in the UK and Ireland. Financing increases company's total investment in InTec to GBP12.4 million. The terms are the same as Duke's previous follow-on investment into InTec including a starting yield of 13.5% and the normal 6% annual adjustment factor. InTec recently buys Provident Technology Ltd, an IT Managed Services business, as well as Firefly Enterprises Ltd, a provider of fixed line data and telecom services.

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Marlowe PLC - London-based safety and regulatory compliance services and software firm - Raises GBP130 million from "significantly oversubscribed" placing. Places 13.1 million shares, priced at 1,000 pence each, which was a 4.3% discount to Wednesday's closing price. As part of the placing, Chief Executive Alex Dacre subscribed for 20,000 shares. Will use proceeds to acquire Optima Health Group Ltd, a provider of technology-enabled Occupational Health services in the UK. Says Optima deal is "consistent with its strategy to become the leader in the Occupational Health sector". Dacre adds: "The acquisition of Optima significantly strengthens our Governance, Risk & Compliance division and builds further confidence in the delivery of our 2024 strategy, which is materially ahead of schedule."

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GSTechnologies Ltd - Milton Keynes, England-based fintech and information technology company - Enters legally binding sale & purchase agreement to buy UAB Glindala, a holder of a crypto currency exchange licence registered in Lithuania, for a total cash of EUR27,500. Plans to launch full-service cryptoasset exchange, hoping to open it in the second quarter. Glindala's crypto licence is supervised by the Lithuanian Financial Crime Investigation Service and it covers two types of crypto activities, cryptoasset exchange services, both crypto-fiat and crypto-crypto, and cryptoasset depository wallet services, including generating and storing encrypted client keys. Notes deal will only complete if the licence is approved by the FCIS.

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Open Orphan PLC - pharmaceutical services provider - Says subsidiary hVIVO inoculates first cohort of volunteers with a GMP-manufactured malaria challenge agent as part of its first controlled human malaria infection challenge study. "This study will assess CHMI using existing standard of care antimalarial drugs against Plasmodium malaria," company says. Study expected to complete in first quarter, with results due in second quarter. Executive Chair Cathal Friel says: "This study also ensures that Open Orphan is both strengthening and further diversifying the company's world leading portfolio of viral challenge models. We look forward to updating the market in due course."

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Zenova Group PLC - Brentwood, England-based fire safety and thermal insulation products provider - Signs "partners in health" contract with the Epsom & St Hellier University Hospitals NHS Trust in Surrey, UK. "The signing of the contract and Zenova achieving NHS trusted partner status followed the evaluation of its fire safety and insulation products by the Trust's EME Technical Support Services division. It paves the way for Zenova's products to be used to improve fire safety and insulation throughout the Trust's estate," company says. Chief Executive Tony Crawley says deal is "considerable development" for company.

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Altus Strategies PLC - Didcot, England-based mining royalty company - Amends joint venture and earn-in agreement with Marvel Gold over the Tabakorole gold project and two contiguous gold licences for a total of 292 square kilometres in southern Mali. Marvel now holds a 70% equity interest in the licences and retains the right to increase their holding to 80% following a definitive feasibility study. Altus retains a 30% equity interest and holds a 2.5% net smelter return royalty on these licences. Exploration activities are being sole funded by Marvel. As part of the deal, Altus now holds a 100% interest in the highly prospective Lakanfla gold project in western Mali.

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Good Energy Group PLC - Chippenham-based renewable energy utility - Sells 47.5 megawatt renewable generation asset portfolio for up to GBP24.5 million to Bluefield Solar Income Fund Ltd. Good Energy notes sale part of its ongoing strategic shift to energy and mobility services. Will receive GBP16.4 million up front, with GBP8.1 million deferred based on operational, technical, real estate and financial position of the projects. "Proceeds from the transaction will be used to accelerate and support further investments across both transport and decentralised energy to deliver Good Energy's strategic plan. These investments will not occur all at once and in the meantime, proceeds have further strengthened the company's balance sheet," company adds. Notes it will take part in subsidiary Zap-Map's current funding round.

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Rockfire Resources PLC - gold and base metal exploration company - Reports highest-grade hole drilled so far at diamond drilling programme at 100%-owned Copperhead porphyry project in North Queensland, Australia. Says hole BCH003 returns 370 metres at 0.20% copper equivalent from 57 metres, with copper veins observed throughout the entire 429 metres long drill hole. The drill hole finished in copper-bearing veins. Notes higher-grade interval of 50 metres at 0.35% copper equivalent occurs from 259 metres downhole depth, and a more intensely veined interval of 22 metres at 0.41% copper equivalent has been intersected from 271 metres downhole depth. Chief Executive David Price says results are "encouraging," as it "significantly expands the volume, and therefore tonnage, of the deposit."

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GreenX Metals Ltd - Arctic Rift copper project in Greenland - Finds new "walk-up" native copper and copper sulphide targets for the upcoming field program at Arctic Rift copper project. Notes two additional exposures of native copper mineralisation identified from recently unearthed historical documentation at Neergaard Dal, as well as new priority, walk-up, at-surface target identified along the Knuth Fault which is a discovery zone "lookalike" feature. Company says results are "very exciting". Adding: "This true first-mover opportunity has tremendous potential for multiple major new copper discoveries."

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Bradda Head Lithium Ltd - North America-focused lithium development - Starts trading on the US OTCQB Market, and notes it will have no impact on its existing shares trading on AIM. No new shares will be issued. Chief Executive Charles FitzRoy says: "Bradda finished 2021 in a great position with USD9.9 million in the treasury from the royalty transaction with LRC as well as our 2021 IPO funds and has started 2022 strongly. Cross-listing on the OTCQB will enable North American investors to trade our AIM listed shares gaining exposure to this North American lithium opportunity."

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Tirupati Graphite PLC - graphite mining and processing company - Hits technological milestone for its column flotation system which it believes will "significantly improve" its performance of its primary graphite and downstream specialty graphite production processes. "After concluding successful trials, Tirupati will be shipping the first commercial scale CFS with a 1.5 million tonnes per hour capacity, for installation and operation at its 9,000 tonnes per annum Vatomina graphite production plant in Madagascar," company says. Also says this "increases its confidence" of its strategy of "rapidly increasing production capacity."

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African Pioneer PLC - Isle of Man-based natural resources company - Enters option agreement with Toronto-listed First Quantum Minerals Ltd for 4 of the 5 Zambian exploration licences held by by its 80%-owned subsidiary in Zambia. "The four exploration licences the subject of the option agreement are in the highly prospective Central Africa Copperbelt in northwest Zambia which is the largest and most prolific mineralized sediment- hosted copper province in the world and are located less than 100 kilometres from First Quantum's giant Sentinel copper mine," company says. As part of deal, First Quantum has the right to be issued shares equal to a 51% shareholding in African Pioneer Zambia during first earn-in period in first 2 years of deal. After which, in the second earn-in period, Quantum will have right to up its 51% shareholding in African Pioneer Zambia to 75%.

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Aura Energy Ltd - Tiris uranium project in Mauritania - Seeking to expand the current uranium resource through further exploration and commence production at Tiris. A 2022 resource upgrade program will include further drilling, seeking to upgrade more of its 56 million pounds resource from inferred to measured & indicated. "The program is designed to expand what is already one of the lowest capex and lowest operating cost uranium projects in the world, and we aspire to expand the resource so that it supports expansion of Tiris to ultimately operate at 3 to 5 Mlbs U3O8 production per year," company adds.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
24 May 2023 19:15

IN BRIEF: Duke Royalty nets profit after successful investment exit

Duke Royalty Ltd - Europe and North America-focused alternative capital solutions provider - Announces the successful exit of its investment in royalty partner Instor Solutions Inc, a California-based product reseller and service provider for work related to the build-out and migration of data centres. Receives net cash of USD11.2 million at closing, delivering a total gain of USD2.4 million over Duke's initial investment amount, provided to Instor in March 2023. Notes this represents the sixth and most profitable exit for Duke to date. Proceeds from the exit further strengthens Duke's balance sheet, enabling deployment into its pipeline of new investment opportunities, company says.

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7 Mar 2023 17:11

TRADING UPDATES: Caspian Sunrise signs charter contract, eyes further

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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7 Mar 2023 16:37

Duke Royalty inks financing deal with its 20th partner

(Sharecast News) - Duke Royalty announced an $8.75m royalty financing agreement with Instor Solutions on Tuesday, to support a shareholder buyout intended to transition equity control to the current executive management team, led by the CEO.

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3 Mar 2023 11:54

IN BRIEF: Duke Royalty expects quarterly cash revenue to rise

Duke Royalty Ltd - Europe and North America-focused alternative capital solutions provider - Expects to achieve recurring cash revenue of GBP5.7 million for the fourth quarter ending on March 31, up 21% from GBP4.7 million a year before. In the third quarter ended December 31, recurring cash revenue amounts to GBP5.6 million, up from GBP3.9 million a year before.

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21 Feb 2023 16:31

Duke Royalty invests further GBP1.8 million into royalty partner InTec

(Alliance News) - Duke Royalty Ltd on Tuesday announced a follow-on investment of GBP1.8 million into its existing royalty partner InTec Business Solutions Ltd to fund its latest acquisition.

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21 Feb 2023 11:56

Duke Royalty puts another £1.75m into InTec

(Sharecast News) - Alternative capital provider Duke Royalty announced a follow-on investment of £1.75m into existing royalty partner InTec Business Solutions on Tuesday, to fund its latest acquisition.

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16 Jan 2023 12:50

TRADING UPDATES: t42 IoT Tracking Solutions and Zenova win contracts

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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13 Dec 2022 13:41

Duke Royalty makes £3.2m follow-on investment in Tristone

(Sharecast News) - Alternative capital provider Duke Royalty announced a follow-on investment of £3.2m into its existing royalty partner Tristone Healthcare on Tuesday, to fund its latest acquisition.

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13 Dec 2022 13:00

IN BRIEF: Duke Royalty invests additional GBP3.2 million into Tristone

Duke Royalty Ltd - Europe and North America-focused alternative capital solutions provider - Notes follow-on investment of GBP3.2 million into existing royalty partner Tristone Healthcare Ltd to fund its acquisition of residential and nursing care provider K Bond Healthcare Ltd, which trades as Next Steps. Tristone provides specialist residential and domiciliary care in two end-markets: high acuity adults with severe mental, physical or learning disabilities, and care leavers, aged between 16 and 19, who are transitioning out of social care and into independent living.

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12 Dec 2022 14:31

Duke Royalty upgrades credit facility to GBP100 million until 2028

(Alliance News) - Duke Royalty Ltd on Monday said it entered into a new GBP100 million credit facility agreement with Fairfax Financial Holdings Ltd for a five-year term.

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1 Dec 2022 12:49

Duke Royalty says well-positioned after interim profit rise

(Alliance News) - Duke Royalty Ltd on Thursday said that it expects higher third quarter revenue than last year, after continuing to deliver growth following on from a successful first half.

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1 Dec 2022 12:29

Duke Royalty growth continues in third quarter

(Sharecast News) - Alternative capital provider Duke Royalty updated the market on its trading in the third quarter on Thursday, saying it expected to achieve recurring cash revenue of £5.5m for the period.

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1 Dec 2022 12:29

Duke Royalty growth continues in third quarter

(Sharecast News) - Alternative capital provider Duke Royalty updated the market on its trading in the third quarter on Thursday, saying it expected to achieve recurring cash revenue of £5.5m for the period.

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25 Nov 2022 12:16

IN BRIEF: Duke Royalty signs GBP5.0 million deal with New Path

Duke Royalty Ltd - Guernsey-based royalty finance provider - Enters into a GBP5.0 million royalty financing agreement with New Path Fire & Security Ltd. Says that the financing will be used to buy two complementary businesses under exclusivity and to refinance the existing senior debt in its business. Agrees to a total funding commitment of up to GBP20 million to support New Path's buy-and-build strategy to acquire profitable fire and securities services businesses.

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25 Nov 2022 11:41

Duke Royalty inks £5m funding deal with New Path

(Sharecast News) - Alternative capital provider Duke Royalty has entered into a £5m royalty financing agreement with New Path Fire and Security, it announced on Friday, further diversifying its revenue base.

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