DUKEMOUNT CAPITAL PLC

Regulatory Filings • Apr 11, 2018

National Storage Mechanism | Additional information

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RNS Number : 4839K

Dukemount Capital PLC

11 April 2018

11 April 2018

Dukemount Capital Plc

("Dukemount" or the "Company")

Value of Second Acquisition Potentially Enhanced

Dukemount Capital plc (LSE:DKE), the long-dated income provider and property management company announces that following discussions with a preferred housing association, an opportunity has arisen to further enhance the property to the benefit of both parties.

The Board have accepted a recent proposal from the chosen housing association to increase the number of rooms and add some office space in the property. This will increase the rental chargeable by the Company and receivable by the Housing Association.  This has in turn involved discussions with the Architect on changes to the refurbishment project and accordingly the Company has sought and been granted a further extension of the option by the vendor for an additional two-month period.

Dukemount Executive Chairman Geoffrey Dart said, "While the added refurbishment work can increase the timeline and cost on this project, the increase in rental value of the property will work out to the benefit of the Company and the Housing Association immediately the property is ready for occupation.

Market Abuse Regulation (MAR) disclosure

Certain statements in this announcement contain inside information for the purpose of Article 7 of EU Regulation 596/2014.

For further information, please contact:

Dukemount Capital Plc	Tel: +44 (0) 7874 762 821
Timothy Le Druillenec
Walbrook PR (Media and Investor Enquiries	Tel: +44 (0) 207 933 8780
Paul Cornelius / Gary Middleton	dukemountcapital@walbrookpr.com
Optiva Securities Ltd	Tel: +44 (0) 203 137 1906
Christian Dennis - Corporate Broker
Jeremy King - Corporate Broker
Peterhouse Corporate Finance Limited	Tel: +44 (0) 207 469 0930
Lucy Williams/Duncan Vasey

This information is provided by RNS

The company news service from the London Stock Exchange

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