7 March
2024
Dukemount Capital
Plc
("Dukemount" or
the "Company")
Update on the completion of
redemption of the Facility Agreement and Total Voting
Rights
Further to the announcement made on
4 March 2024, the Company confirms that the Lenders under the
Facility Agreement dated 14 September 2021 (the "Facility
Agreement") are receiving a total consideration of £375,000 for the
Facility Agreement, being represented by 225,000,000 ordinary
shares of £0.001 ("Ordinary Shares") at £0.001 per share
representing £225,000 in shares and £150,000 in cash as per the
terms of a settlement deed signed on 4 March 2024 (the "Settlement
Deed").
Paul Gazzard acquired the
outstanding balances pursuant to the Facility Agreement, being
£900,000 (the "Outstanding Balance"). The Outstanding Balance has
been capitalised into 900,000,000 new Ordinary Shares at £0.001 per
share (the "Capitalisation Shares"). Following such capitalisation
the Outstanding Balance has been reduced to nil (i.e.
£0).
The Lenders were transferred
225,000,000 Capitalisation Shares at £0.001 per share representing
£225,000 by Paul Gazzard in accordance with the Settlement
Deed.
Paul Gazzard sold the balance of
675,000,000 Capitalisation Shares to new investors for £150,000 at
a price of £0.00022 per Capitalisation Share. The £150,000 cash
will be used to satisfy the cash element due to the Lenders under
the Settlement Deed.
There are now no outstanding debts
due under the Facility Agreement.
Total Voting Rights
The Company has 969,316,623 ordinary
shares of £0.001 par value in issue, each with one vote per share
(and none of which are held in treasury). The total number of
voting rights in the Company is therefore 969,316,623. This figure
of 969,316,623 may be used by shareholders in the Company as the
denominator for calculations to determine if they have a notifiable
interest in the share capital of the Company under the Disclosure
Guidance and Transparency Rules, or if such interest has
changed. For further information, please visit www.dukemountcapitalplc.com or contact:
Dukemount Capital Plc:
Email info@dukemountplc.com
CEO: Paul Gazzard
Non-Executive Director: Geoffery
Dart
Broker
Enquiries:
Peterhouse Capital Limited
Tel: +44 (0) 207 469 0930
Lucy Williams/Duncan
Vasey