Last checked at 8 Mar 2018 07:00
8 March 2018
Duke Royalty Limited("Duke Royalty", "Duke" or the "Company")
Director/PDMR Shareholding
Duke Royalty Limited (AIM: DUKE) was informed yesterday, 7 March 2018 that on that day directors of the Company bought Duke Royalty ordinary shares of no par value ("Ordinary Shares") as follows:
Shareholder | Number of Ordinary Shares acquired | Price paid per Ordinary Share |
Neil Johnson | 125,000 | 40 pence |
Charlie Cannon-Brookes | 427,000 | 39.72 pence |
Arlington Group Asset Management Limited | 45,193 | 39.99 pence |
Nigel Birrell | 125,000 | 40 pence |
Justin Cochrane | 50,000 | 40 pence |
Charlie Cannon-Brookes is a director and shareholder of Arlington Group Asset Management Limited, Following the purchases of these shares the total holdings and percentages of the voting rights of the Company are as follows:
Shareholder | Number of Ordinary Shares | Percentage of issued share capital |
Neil Johnson | 1,637,000 | 1.69% |
Charlie Cannon-Brookes | 2,500,000 | 2.58% |
Arlington Group Asset Management Limited | 2,500,000 | 2.58% |
Nigel Birrell | 650,000 | 0.67% |
Justin Cochrane | 740,000 | 0.76% |
Neil Johnson's holding when aggregated with the RBK&C Trust and Abingdon Capital Corporation (of which he is a director and shareholder) equates to 3,207,193 shares or 3.31 per cent. of the voting rights of the Company.
Charlie Cannon-Brookes' holding when aggregated with Arlington Group Asset Management Limited equates to 5,000,000 shares or 5.16 per cent. of the voting rights of the Company.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
About Duke Royalty
Headquartered in Guernsey, Duke Royalty Limited provides alternative financing solutions to a diversified range of businesses in Europe and abroad. Duke Royalty's experienced team and exclusive partnership provide financing solutions to private companies that are in need of capital but whose owners wish to maintain equity control of their business. Duke Royalty's royalty investments are intended to provide robust, stable, long term returns to its shareholders.
Duke Royalty is listed on the AIM market under the ticker DUKE. For more information, visit dukeroyalty.com.
For further information:
Duke Royalty Limited | Neil Johnson / Charlie Cannon-Brookes |
+44 (0) 1481 741 240 | |
Grant Thornton UK LLP (Nominated Adviser) | Colin Aaronson / Samantha Harrison |
+44 (0) 20 7383 5100 | |
Cenkos Securities plc (Joint Broker) | Julian Morse / Michael Johnson |
+44 (0) 207 397 8900 | |
Mirabaud Securities Limited (Joint Broker) | Peter Krens / Edward Haig-Thomas |
+44 (0) 20 3167 7222 | |
Redleaf Communications (PR) | Elisabeth Cowell/ Robin Tozer/ Ian Silvera |
+44 (0) 20 3757 6880 |
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Neil Johnson
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Executive Officer | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Duke Royalty Limited
| |||
b)
| LEI
| 213800GUTKPSJ39SER44 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Ordinary Shares
GG00BYZSSY63 | |||
Identification code | |||||
b)
| Nature of the transaction
| Purchase of Placing Shares pursuant to the Fundraising | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
40p | 125,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 7 March 2018 | |||
f)
| Place of the transaction
| London Stock Exchange | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Charles Cannon-Brookes
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Executive Director | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Duke Royalty Limited
| |||
b)
| LEI
| 213800GUTKPSJ39SER44 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Ordinary Shares
GG00BYZSSY63 | |||
Identification code | |||||
b)
| Nature of the transaction
| Purchase of Placing Shares pursuant to the Fundraising | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Charles Cannon-Brookes | 39.72p | 427,000 | |||
d)
| Aggregated information | ||||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 7 March 2018 | |||
f)
| Place of the transaction
| London Stock Exchange | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Arlington Group Asset Management Limited (of which Charles Cannon-Brookes, a director of the Company, is a director and shareholder) | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Connected with an Executive Director | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Duke Royalty Limited
| |||
b)
| LEI
| 213800GUTKPSJ39SER44 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Ordinary Shares
GG00BYZSSY63 | |||
Identification code | |||||
b)
| Nature of the transaction
| Purchase of Placing Shares pursuant to the Fundraising | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Arlington Group Asset Management Limited | 39.99p | 45,193 | |||
d)
| Aggregated information | ||||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 7 March 2018 | |||
f)
| Place of the transaction
| London Stock Exchange | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Nigel Birrell | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Non-executive Chairman | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Duke Royalty Limited
| |||
b)
| LEI
| 213800GUTKPSJ39SER44 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Ordinary Shares
GG00BYZSSY63 | |||
Identification code | |||||
b)
| Nature of the transaction
| Purchase of Placing Shares pursuant to the Fundraising | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Arlington Group Asset Management Limited | 40p | 125,000 | |||
d)
| Aggregated information | ||||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 7 March 2018 | |||
f)
| Place of the transaction
| London Stock Exchange | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Justin Cochrane | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Executive Director | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Duke Royalty Limited
| |||
b)
| LEI
| 213800GUTKPSJ39SER44 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Ordinary Shares
GG00BYZSSY63 | |||
Identification code | |||||
b)
| Nature of the transaction
| Purchase of Placing Shares pursuant to the Fundraising | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Arlington Group Asset Management Limited | 40p | 50,000 | |||
d)
| Aggregated information | ||||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 7 March 2018 | |||
f)
| Place of the transaction
| London Stock Exchange | |||