Director/PDMR Shareholding

RNS Number : 7656E

Law Debenture Corp PLC

09 July 2021

 

9 July 2021 

The Law Debenture Corporation p.l.c.

Notification of Transaction by a Person Discharging Managerial Responsibility

The Law Debenture Corporation p.l.c. (the "Corporation") announced on 7 July 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 shares of 5 pence each, was undertaken by a director / person discharging managerial responsibility ("PDMR") 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 (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	428 shares purchased following dividend reinvestment on awards granted under the Plan. The resultant total shares under the Plan held by Denis Jackson as at 7 July 2021 is 48,725.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil consideration	428
d)	Aggregated information
	- Aggregated volume	428
	- Price	Nil consideration
e)	Date of the transaction	7 July 2021
f)	Place of the transaction	Outside a trading venue

The Corporation further announces that on 9 July 2021, Denis Jackson reinvested dividends received from shares held on his own account, acquiring 29 ordinary shares in the Corporation at 764 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 9 July 2021 is 3,337.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			764 pence	29
d)	Aggregated information
	- Aggregated volume	29
	- Price	£221.56
e)	Date of the transaction	9 July 2021
f)	Place of the transaction	London Stock Exchange

 

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