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LONDON - The Law Debenture Corporation p.l.c. has issued 100,000 new ordinary shares as of April 16, 2025, under its block listing facility. The shares, each with a nominal value of 5 pence, were sold at two distinct prices: 50,000 shares at £8.68 and another 50,000 at £8.67. These new shares are on equal footing with the pre-existing ordinary shares.
This issuance has resulted in a premium over the net asset value per share at the time of the transactions. Post-issuance, the total number of ordinary shares in circulation for The Law Debenture Corporation is 132,920,755, which is also the total number of voting rights. The company has confirmed that no shares are held in treasury.
The current total share count is now the reference for shareholders when calculating and reporting changes in their holdings to the Financial Conduct Authority (FCA) under the Disclosure Guidance and Transparency Rules.
Following this equity issue, The Law Debenture Corporation retains the capacity to issue an additional 10,710,000 ordinary shares through its block listing facility. The issuance of shares is a routine corporate action for companies looking to raise capital, and it typically dilutes the ownership percentage of existing shares.
The information in this article is based on a press release statement from The Law Debenture Corporation p.l.c. and is intended to inform shareholders and the public about the details of the new equity issue.
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