IN BRIEF: Duke Royalty raises GBP20 million in placing and PrimaryBid

Duke Royalty Ltd - Guernsey-based royalty finance provider - Says it has successfully raised GBP18.5 million in placing of 1.5 million shares at 35 pence each, as well as a further GBP1.5 million through PrimaryBid offer. Placing is conditional on shareholder approval at the extraordinary general meeting on May 26.

Current stock price: 36.78 pence, down 4.5% on Wednesday afternoon in London.

12-month change: up 0.8%

By Xindi Wei; xindiwei@alliancenews.com

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