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LONDON - The Law Debenture Corporation p.l.c. announced the issuance of 55,000 new ordinary shares under its block listing facility at a price of £8.86 each, a premium to the net asset value per share at the time of the transaction. This move increases the total number of ordinary shares in issue to 133,210,755, all with equal voting rights and none held in treasury.
The shares, each with a nominal value of 5 pence, were issued today and rank pari passu with the existing ordinary shares in circulation. With this issuance, the Corporation maintains the capacity to admit up to an additional 10,420,000 ordinary shares under the same block listing facility.
Shareholders can use the updated total share count as the denominator for calculations to determine whether they need to notify changes in their interest in the Corporation as per the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
This information, provided by RNS, the news service of the London Stock Exchange (LON:LSEG), is based on a press release statement from the Corporation. The Law Debenture Corporation is a company registered in England, with a history of providing a range of legal and fiduciary services.
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