Director/PDMR Shareholding

RNS Number : 2918S

Law Debenture Corp PLC

15 March 2021

 

15 March 2021 

The Law Debenture Corporation p.l.c.

Notification of Transactions by Persons Discharging Managerial Responsibility

The Law Debenture Corporation p.l.c. (the "Corporation") announced on 26 February 2021 that shares had been purchased by a subsidiary undertaking in connection with the Corporation's Deferred Share Bonus Plan (the "Plan") for senior staff. The transaction, set out below, in the Corporation's Ordinary 5 pence shares was undertaken by a director / person discharging managerial responsibility ("PDMRs") following the purchase.

As set out in the Corporation's Remuneration Policy approved by shareholders on 7 April 2020, half of any bonus earned by the Executive Directors above £100,000 will be deferred in shares for three years with enhanced malus and clawback provisions applying. In accordance with that policy, 12,417 deferred share awards for Denis Jackson, an Executive Director, were granted under the Plan on 12 March 2021 at an average price of 704.66 pence per share (the "awards"). 

The awards granted under the Plan 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	12,417 deferred share awards granted under the Corporation's Deferred Share Bonus Plan. The resultant total shares under the Deferred Share Bonus Plan held by Denis Jackson as at 15 March 2021 is 51,094.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil consideration	12,417
d)	Aggregated information
	- Aggregated volume	12,417
	- Price	Nil consideration
e)	Date of the transaction	12 March 2021
f)	Place of the transaction	Outside a trading venue

 

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