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Law Debenture Corp (LWDB)

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Wednesday 20 April, 2022

Law Debenture Corp

Director/PDMR Shareholding

RNS Number : 8112I
Law Debenture Corp PLC
20 April 2022
 

20 April 2022

 

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 14 April 2022 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

438 shares purchased following dividend reinvestment on awards granted under the Schemes. The resultant total shares under the Schemes held by Denis Jackson as at 20 April 2022 is 42,517. 

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil consideration

438







d)

 

Aggregated information




- Aggregated volume

438



- Price

Nil consideration



e)

Date of the transaction

14 April 2022

f)

Place of the transaction

Outside a trading venue

 



 

The Corporation further announces that on 20 April 2022, Denis Jackson reinvested dividends received from shares held on his own account, acquiring 34 ordinary shares in the Corporation at 813 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 20 April 2022 is 13,621. 

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




813 pence per share

34







d)

 

Aggregated information




- Aggregated volume

34



- Price

£276.42



e)

Date of the transaction

20 April 2022

f)

Place of the transaction

London Stock Exchange

 



 

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

70 shares purchased following dividend reinvestment on awards granted under the Schemes. The resultant total shares under the Schemes held by Trish Houston as at 20 April 2022 is 6,844. 

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil consideration

70







d)

 

Aggregated information




- Aggregated volume

70



- Price

Nil consideration



e)

Date of the transaction

14 April 2022

f)

Place of the transaction

Outside a trading venue

 



 

 

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