Fannie Mae, Freddie Mac shares tumble after conservatorship comments
LONDON - The Law Debenture Corporation p.l.c. (LSE:LWDB), a British investment trust, announced the issuance of 50,000 new ordinary shares on Tuesday. The shares, each with a nominal value of 5 pence, were issued at two separate prices: half at £8.69 and the remaining at £8.71, both premiums over the net asset value per share at the time of transaction.
This issuance is part of the company’s block listing facility, which now has the capacity to admit an additional 10,810,000 ordinary shares. Following this issue, the total number of ordinary shares in issue has reached 132,820,755, with an equal number of voting rights, as the corporation holds no shares in treasury.
Shareholders can use the total issued share count of 132,820,755 as the denominator for calculations to determine if they need to notify their interest, or a change to their interest, in the corporation. This requirement is in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The information, based on a press release statement, was disseminated by RNS, the news service of the London Stock Exchange (LON:LSEG). Law Debenture Corporate Services Limited, acting as the company secretary, confirmed the details of the equity issue. The Law Debenture Corporation has been a fixture in the British financial landscape since its registration in England, with a company registration number of 30397 and an LEI number of 2138006E39QX7XV6PP21.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.