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LONDON - Dukemount Capital PLC (LSE: DKE), a publicly traded company, has announced a strategic overhaul to concentrate exclusively on the Artificial Intelligence (AI) sector, under the new name capAI Plc. This move is accompanied by a change in the stock ticker to "CPAI."
The company has completed a restructuring process, addressing legacy financial and personnel issues, and is now positioned to pursue opportunities in the AI and Deep Tech industries, aiming for significant capital growth. The Board believes that the AI sector represents one of the most dynamic and promising markets, with 2025 seen as a transformational year.
Two new Non-executive Directors, Sarah Davy and Marcus Yeoman, have joined the Board, bringing expertise in accounting, tax, strategy, and growth strategies. Their appointments are part of the company’s strategy to align with the AI market’s needs.
In line with the strategic shift and to conserve cash, the Directors have not accrued or been paid any salaries to date. Share options have been granted to the Directors to incentivize performance aligned with shareholder interests. The options are structured with various vesting conditions based on the company’s share price appreciation.
Furthermore, the company has settled outstanding professional fees by issuing new Ordinary Shares, including shares to Coat Capital Ltd for accountancy services provided beyond the Director’s duties.
The change of name to capAI Plc will become official once Companies House issues the certificate of incorporation on change of name. Trading will continue under the "DKE" ticker until the change is formalized.
This strategic pivot is designed to position the company at the forefront of the UK’s AI market. The Board expressed confidence in the new direction and the expertise brought by the newly appointed Directors. Additional announcements regarding the company’s first ventures into the AI sector are expected shortly.
The information in this article is based on a press release statement from Dukemount Capital PLC.
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