1 March 2021 - investment
The AIM-listed provider of alternative finance has announced a follow-on investment into United Glass an existing royalty partner. The investment is for £4.5m and takes the total invested by Duke in the company to £12m. Following the investment, Duke will be entitled to distributions from United Glass of £1.7m per annum beginning this month and this equates to a cash yield of 14.1%. The funds will be used by United Glass to acquire London Architectural Glass and the purchase will provide significant cross selling opportunities for the enlarged group. This is . . .
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