11 August 2021 - exit of investment

The AIM-listed royalty company has announced that it has exited from its investment in the Irish insurance broker BHPC Limited.  Duke has received cash of £6.9m and this compares with the initial investment of £4.2m in 2018 and has delivered an IRR of 29.4%.  This is clearly a successful outcome for the company and will leave Duke in a net cash position providing liquidity of over £35m to pursue other investment opportunities. The share price of the company continues to edge up but we expect further positive progress going . . .

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