Director/PDMR Shareholding

RNS Number : 5362K

Law Debenture Corp PLC

02 September 2021

 

2 September 2021 

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 a Transaction by a Person Discharging Managerial Responsibility ("PDMR")

The Corporation has been notified of the following transaction in the Corporation's Ordinary 5p shares (the "Shares") undertaken by a director / person discharging managerial responsibility ('PDMR') on 1 September 2021 in accordance with the rules of The Law Debenture Corporation p.l.c. Sharesave Option Plan ("SAYE").

Name	Status	Number of Shares awarded	Option Price
Trish Houston	Chief Operating Officer	3,856	£7.78

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 Shares granted under each SAYE Award is calculated using the cumulative amount of savings over that period divided by the option price of £7.78.  The option price was set by the Board using the mid-closing price of the Ordinary Shares on 3 August 2021, the day before invitations were sent to eligible employees, in accordance with the plan rules. Options granted in 2021 may be exercised within six months of 1 October 2026.   

The relevant notification set out below is provided in accordance with the requirements of Article 19 of the UK's retained EU law version of the Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities / person closely associated
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 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)
			£7.78	3,856
d)	Aggregated information
	- Aggregated volume	3,856
	- Price	£7.78
e)	Date of the transaction	1 September 2021
f)	Place of the transaction	Outside a trading venue

 

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