skip to content

Other

Duke royalty financing agreement with Lynx

06 October 2017 08:08

Duke Royalty has entered into its second royalty financing agreement with Lynx Equity (UK).

Duke said it had committed £7.0m , with an initial tranche of £4.5m to be drawn down immediately, with the additional £2.5m being drawn down at the completion by Lynx UK of an imminent acquisition, which was expected to be completed in the coming weeks.

It said the financing represented the beginning of the relationship with Lynx as a royalty partner, as Duke had become Lynx's preferred European capital provider, with the potential to provide a further £8m of funding equating to £15 million over time.

At 8:08am: (LON:DUKE) Duke Royalty Limited share price was 0p at 36.25p

Story provided by StockMarketWire.com

Related Company: DUKE

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

-

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.