Dukemount Capital plc ("Dukemount"), the property management and long dated income provider, announces that it has received notice from Geoffrey Dart, Chairman of Dukemount, to exercise 27,000,000 warrants at a price of 0.5p per share (the "New Shares") and thereby providing the Company with gross proceeds of £135,000. Mr Dart has placed all the New Shares with investors introduced by the Company's Broker, Peterhouse Capital.
When issued, the New Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares in the share capital of the Company, including the right to receive all dividends and other distributions declared, made or paid on or in respect of such shares after the date of issue of the New Shares.