Director/PDMR Shareholding

RNS Number : 3692X

Law Debenture Corp PLC

27 August 2020

 

27 August 2020

The Law Debenture Corporation p.l.c. (the "Corporation")

Grant of Options under The Law Debenture Corporation p.l.c. Sharesave Option Plan

Notification of Transactions by Persons Discharging Managerial Responsibility ("PDMRs")

The Corporation has been notified of the following transactions in the Corporation's Ordinary 5p shares undertaken by directors / persons discharging managerial responsibility ('PDMRs') on 26 August 2020 in accordance with the rules of The Law Debenture Corporation p.l.c. Sharesave Option Plan ("SAYE").

Name	Status	Number of Ordinary Shares under SAYE Award	Option Price
Denis Jackson	Chief Executive Officer	5,565	£5.39

The SAYE allows eligible employees to apply for an option to acquire shares in the Corporation by saving a regular amount over the course of five years. The number of Ordinary Shares granted under each SAYE Award is calculated using the cumulative amount of savings over that period divided by the option price of £5.39.  The option price was set by the Board using the mid-closing price of the Ordinary Shares on 3 August 2020, the day before invitations were sent to eligible employees, in accordance with the plan rules.  Options granted in 2020 can be exercised within six months of 1 October 2025.   

The relevant notification set out below is provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities / person closely associated
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 5p each
	Identification code	LWDB ISIN number GB0031429219 SEDOL 3142921
b)	Nature of the transaction	Grant of options under The Law Debenture Corporation p.l.c. Sharesave Option Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£5.39	5,565
d)	Aggregated information
	- Aggregated volume	5,565
	- Price	£5.39
e)	Date of the transaction	26 August 2020
f)	Place of the transaction	Outside a trading venue

 

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