Director/PDMR Shareholding

RNS Number : 3109O

Law Debenture Corp PLC

30 January 2023

 

30 January 2023

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 26 January 2023 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	384 shares purchased following dividend reinvestment on awards granted under the Schemes. The resultant total shares under the Schemes held by Denis Jackson as at 30 January 2023 is 43,727.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil consideration	384
d)	Aggregated information
	- Aggregated volume	384
	- Price	Nil consideration
e)	Date of the transaction	26 January 2023
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	62 shares purchased following dividend reinvestment on awards granted under the Schemes. The resultant total shares under the Schemes held by Trish Houston as at 30 January 2023 is 7,039.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil consideration	62
d)	Aggregated information
	- Aggregated volume	62
	- Price	Nil consideration
e)	Date of the transaction	26 January 2023
f)	Place of the transaction	Outside a trading venue

The Corporation further announces that on 30 January 2023, Denis Jackson reinvested dividends received from shares held on his own account, acquiring 122 ordinary shares in the Corporation at 816.12 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 30 January 2023 is 14,005.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			816.12 pence per share	122
d)	Aggregated information
	- Aggregated volume	122
	- Price	£995.67
e)	Date of the transaction	30 January 2023
f)	Place of the transaction	London Stock Exchange

 

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