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15 Apr 2024 18:25
15 April 2024
The Law Debenture Corporation p.l.c.
Notification of Transaction by Persons Discharging Managerial Responsibility
The Law Debenture Corporation p.l.c. (the "Corporation") announced on 11 April 2024 that shares had been purchased by a subsidiary undertaking in connection with awards granted under employee share schemes for senior staff (the "Schemes") (the "Awards") previously approved by the Corporation's shareholders. The transactions, set out below, in the Corporation's ordinary shares of 5 pence each, were undertaken by directors / persons discharging managerial responsibility ("PDMR") following the purchase.
The Awards granted under the Schemes are held in trust and no consideration is payable on the grant or vesting of the Awards. The number of shares to which each Award relates is increased by the reinvestment of dividends due on the shares held in trust.
The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the UK's retained EU law version of the Market Abuse Regulation (596/2014).
1
| Details of the person discharging managerial responsibilities | ||||
a) | Name | Denis Jackson | |||
2
| Reason for the notification | ||||
a) | Position/status | Chief Executive Officer | |||
b) | Initial notification /Amendment | Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | The Law Debenture Corporation p.l.c. | |||
b) | LEI | 2138006E39QX7XV6PP21 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares of 5 pence each | |||
Identification code | GB0031429219 | ||||
b)
| Nature of the transaction | 238 shares purchased following dividend reinvestment on awards granted under the Schemes. The resultant total shares under the Schemes held by Denis Jackson as at 15 April 2024 is 36,490. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil consideration | 238 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 238 | ||||
- Price | Nil consideration | ||||
e) | Date of the transaction | 11 April 2024 | |||
f) | Place of the transaction | Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities | ||||
a) | Name | Trish Houston | |||
2
| Reason for the notification | ||||
a) | Position/status | Chief Operating Officer | |||
b) | Initial notification /Amendment | Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | The Law Debenture Corporation p.l.c. | |||
b) | LEI | 2138006E39QX7XV6PP21 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares of 5 pence each | |||
Identification code | GB0031429219 | ||||
b)
| Nature of the transaction | 160 shares purchased following dividend reinvestment on awards granted under the Schemes. The resultant total shares under the Schemes held by Trish Houston as at 15 April 2024 is 25,529. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil consideration | 160 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 160 | ||||
- Price | Nil consideration | ||||
e) | Date of the transaction | 11 April 2024 | |||
f) | Place of the transaction | Outside a trading venue | |||
The Corporation further announces that on 15 April 2024, Denis Jackson reinvested dividends received from shares held on his own account, acquiring 282 ordinary shares in the Corporation at 811 pence per share.
1
| Details of the person discharging managerial responsibilities | ||||
a) | Name | Denis Jackson | |||
2
| Reason for the notification | ||||
a) | Position/status | Chief Executive Officer | |||
b) | Initial notification /Amendment | Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | The Law Debenture Corporation p.l.c. | |||
b) | LEI | 2138006E39QX7XV6PP21 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares of 5 pence each | |||
Identification code | GB0031429219 | ||||
b)
| Nature of the transaction | Acquisition of shares by dividend reinvestment. The resultant total shares held by Denis Jackson on his own account as at 15 April 2024 is 32,527. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
811 pence per share | 282 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 282 | ||||
- Price | £2287.02 | ||||
e) | Date of the transaction | 15 April 2024 | |||
f) | Place of the transaction | London Stock Exchange | |||
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