Duke Royalty makes £2m follow-on investment into existing royalty partner Lynx Equity

Fri, 1st Nov 2019

Duke Royalty announced a follow-on investment of £2m into its existing royalty partner Lynx Equity. Lynx UK would allocate Duke's further contribution towards the acquisition of Danish manufacturer, Sundby Trapper, which was undertaken in May 2019 and represented its fifth acquisition across the UK and Europe. Based on the increased investment and enhanced exposure of £12m in Lynx UK, Duke would be entitled to higher distributions of £1.6m per annum from Lynx UK, beginning in November 2019. At 9:47am: (LON:DUKE) Duke Royalty Limited share price was +0.2p at 44p Story provided by StockMarketWire.com

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