The information disclosed in this section and elsewhere within the website is in accordance with Rule 26 of AIM Rules for Companies.
Duke Royalty Limited is a company limited by shares, incorporated in Guernsey under the Companies (Guernsey) Law, 2008.
Duke Royalty’s main country of operations is the United Kingdom.
Duke Royalty is subject to the City Code on Takeovers and Mergers.
| Record Date | Payment Date | Quarterly Dividend |
|---|---|---|
| 29 September 2023 | 12 October 2023 | 0.70p/share |
| 23 June 2023 | 12 July 2023 | 0.70p/share |
| 31 March 2023 | 12 April 2023 | 0.70p/share |
| 23 December 2022 | 12 January 2023 | 0.70p/share |
| 30 September 2022 | 12 October 2022 | 0.70p/share |
| 1 July 2022 | 12 July 2022 | 0.70p/share |
| 25 March 2022 | 12 April 2022 | 0.70p/share |
| 24 December 2021 | 12 January 2022 | 0.60p/share |
| 24 September 2021 | 12 October 2021 | 0.55p/share |
| 25 June 2021 | 12 July 2021 | 0.55p/share |
| 26 March 2021 | 12 April 2021 | 0.55p/share |
| 29 December 2020 | 12 January 2021 | 0.50p/share |
| 25 September 2020 | 12 October 2020 | 0.50p/share (scrip dividend) |
| 26 June 2020 | 10 July 2020 | 0.50p/share (scrip dividend) |
| 27 March 2020 | 14 April 2020 | 0.75p/share |
| 27 December 2019 | 14 January 2020 | 0.75p/share |
| 27 September 2019 | 18 October 2019 | 0.75p/share |
| 28 June 2019 | 12 July 2019 | 0.70p/share |
| 5 April 2019 | 17 April 2019 | 0.70p/share |
| 28 December 2018 | 11 January 2019 | 0.70p/share |
| 28 September 2018 | 12 October 2018 | 0.70p/share |
| 29 June 2018 | 12 July 2018 | 0.70p/share |
| 3 April 2018 | 12 April 2018 | 0.60p/share |
| 29 December 2017 | 12 January 2018 | 0.50p/share |
| 29 September 2017 | 19 October 2017 | 0.50p/share |
| 30 June 2017 | 27 July 2017 | 0.50p/share |
| 31 March | Year end |
| July | Full Year results |
| 30 September | Half Year |
| December | Interim results |
01/09/23 – Business Development Presentation – September 2023
01/06/23 – Investor Presentation – June 2023
04/07/23 – 2023 Annual Report
04/07/23 – Financial Results Presentation – July 2023
02/08/2023 – Notice of 2023 AGM
FY23 Presentation for IMC
20/04/22 – Investor Presentation – April 2022
27/04/22 – Business Development Presentation – April 2022
12/05/2022 Circular and EGM Notice – May 2022
08/09/22 – 2022 Annual Report
08/09/22 – Financial Results Presentation – September 2022
01/04/21 – Circular and EGM notice – April 2021
15/11/21 – Investor Presentation – November 2021
16/09/21 – Financial Results Presentation – September 2021
20/09/21 – 2021 Annual Report
20/09/2021 – Notice of 2021 AGM
18/09/19 – 2019 Annual Report – September 2019
18/09/19 – Notice of 2019 AGM – September 2019
08/10/19 – Circular and EGM notice – October 2019
16/10/19 – Result of AGM 2019 – October 2019
06/12/19 – 2019 Interim Report – December 2019
05/12/17 – Circular and EGM notice
14/11/17 – Interim Report and Unaudited Financial Statements
02/10/17 – Amended and Restated Articles of Incorporation
22/06/17 – Annual Report and Audited Consolidated Financial Statements
20/03/17 – Admission document March 2017
12/12/13 – Financial Report for the period 1 April 2013 to 30 September 2013 (Unaudited)
25/07/13 – Annual Report and Audited Consolidated Financial Statements 31 March 2013
25/07/13 – AGM Notice 2013
25/07/13 – AGM Proxy 2013
18/01/13 – Praetorian Summary January 2013
| Company | Analyst | |
|---|---|---|
| Cenkos | Andrew Renton | arenton@cenkos.com |
| Canaccord Genuity | Portia Patel | ppatel@cgf.com |
| Edison Research | Pedro Fonseca | financials@edisongroup.com |
| Shore Capital Markets | Gary Greenwood | Gary.Greenwood@shorecap.co.uk |
Shareholder rights may be different to rights of shareholders in a UK incorporated company
Share capital in issue: 421,488,734 Ordinary Shares of no par value
There are no shares held in treasury.
Percentage of AIM Securities not in public hands: 17.93%
There are no restrictions on any of the Company’s AIM securities
Shareholders with an interest greater than 3% are as follows:
| Hargreaves Lansdown, stockbrokers (EO) | 48,481,092 | 11.50% |
| M&G Investments | 37,704,230 | 8.95% |
| Interactive Investor (EO) | 33,488,260 | 7.95% |
| Gresham House Asset Management | 26,515,221 | 6.29% |
| ColumbiaThreadneedle Investments | 25,935,896 | 6.15% |
| GLG Partners | 23,841,231 | 5.66% |
| Allianz Global Investors | 23,462,458 | 5.57% |
| Directors | 18,485,991 | 4.39% |
| AXA Framlington Investment Managers | 17,506,714 | 4.15% |
| AJ Bell, stockbrokers (EO) | 13,682,974 | 3.25% |
| Chelverton Asset Management | 12,750,000 | 3.02% |
The information above was last updated on 1 August 2023.
Income with value upside: Royalty businesses have been listed in North America since the 1980s and have been proven over market cycles to provide both income and capital gains to public shareholders due to the long-term predictable cash flows they deliver.
Resilient business model: The pandemic proved Duke’s resiliency. Duke Royalty has continued to deliver robust cash revenues and protection against downside for both investors and royalty partners despite the extraordinary conditions posed by the virus. In North America where royalty finance represents a £50 billion sector, royalty businesses have been proven to withstand economic cycles.
Diversified portfolio: Duke’s portfolio consists of an array of companies operating across a range of sectors. In addition, a significant number of its portfolio companies have acquisition opportunities which may result in follow-on financing from Duke, thereby mitigating the challenges faced by other SMEs.
Rising demand: Royalty finance has many attractive qualities in comparison to other funding solutions given its long-term, supportive and revenue-linked nature. Banks unwillingness to lend to SMEs has been increasing ever since the GFC and the pandemic has prompted many mature, profitable businesses to take on unsustainable levels of debt. Demand for more flexible, alternative sources of capital has been very strong in recent years and as a first mover and leader in the UK and European corporate royalty space, Duke has a significant opportunity to build and further diversify its portfolio.
Access to capital: Duke’s debt facility with highly reputable UK-based lender Pollen Street Capital enables it to complete multiple investments before having to raise additional equity in the public markets, while enabling current investors to achieve greater returns.
Experienced management: Duke’s management team and investment committee has more than 75 years of direct royalty investing experience and includes deal originators with deep local relationships as well as pioneers in the global royalty industry.