Issue of Equity

RNS Number : 8629T

Law Debenture Corp PLC

29 March 2021

 

The Law Debenture Corporation p.l.c.

8^th Floor

100 Bishopsgate

London

EC2N 4AG

29 March 2021

Issue of Equity

On 29 March 2021 The Law Debenture Corporation p.l.c. (the "Corporation" ) issued 25,000 new ordinary shares of 5p each at a price of £7.186 per share; these shares rank pari passu with the existing ordinary shares in issue. The issue price equates to a premium to the net asset value per share at the time of the transaction.

As a result of this issue, the total number of ordinary shares in issue now stands at 120,422,842 and the total number of voting rights in the Corporation is 120,422,842. There are no shares held in treasury.

The above figure of 120,422,842 may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Corporation under the FCA's Disclosure Guidance and Transparency Rules.

The decision to issue equity follows the recent acquisition of Konexo UK's company secretarial business from Eversheds Sutherland (International) LLP (the "Acquisition"), which the Corporation seeks to refinance, subject to the authority approved by shareholders on 7 April 2020.

Ordinary shares will be issued in light of the continued premium to net asset value at which they are trading, together with continued demand from existing and new investors for the ordinary shares. Ordinary shares will only be issued at a premium to net asset value and will be accretive to existing shareholders.

Law Debenture Corporate Services Limited

Company Secretary

Contact:   Alison Skerritt-Black   020 7696 5233

The Law Debenture Corporation p.l.c. is registered in England, company registration number 30397. LEI number - 2138006E39QX7XV6PP21

 

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