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LONDON - The Law Debenture Corporation p.l.c. has expanded its equity base by issuing 50,000 new ordinary shares at a price of £9.35 each on Thursday, transactions that were conducted at a premium relative to the net asset value per share at the time of sale. This latest issuance falls under the company’s block listing facility, which still allows for the admission of an additional 10,110,000 ordinary shares.
Following this issuance, the total number of ordinary shares in issue for the Corporation stands at 133,520,755, with an equal number of voting rights, as there are no shares held in treasury. This new total share count provides the basis for shareholders to calculate their percentage holdings and to determine if they are obliged to disclose any changes in their interest in the company, as per the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The Corporation, with a registered office at 100 Bishopsgate in London, is a longstanding entity in the UK, having been registered since the late 19th century. Its LEI number is 2138006E39QX7XV6PP21.
The equity issue is part of the Corporation’s ongoing capital management strategy, which aims to provide flexibility in its financial operations. Shareholders and potential investors may consider this development as an indicator of the Corporation’s current valuation and the management’s outlook on capital requirements.
The information disclosed is based on a press release statement from The Law Debenture Corporation p.l.c. and is provided by RNS, the news service of the London Stock Exchange (LON:LSEG). The Corporation’s shares are publicly traded, and the impact of the new share issuance on the market will be observed in subsequent trading sessions.
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