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LONDON - The Law Debenture Corporation p.l.c. announced on Monday the issuance of 25,000 new ordinary shares at a price of £8.84 each, a premium over the net asset value per share at the time of the transactions. The shares, part of the company’s block listing facility, rank equally with the existing ordinary shares.
Following this equity issue, the total number of ordinary shares in issue for the Corporation now totals 133,155,755, with the same number of voting rights. The Corporation confirmed that no shares are held in treasury.
This issuance allows for a further 10,475,000 ordinary shares to be admitted under the existing block listing facility. The newly issued share count serves as a reference for shareholders to determine if they need to disclose changes in their stake in the company as per the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The information in this article is based on a press release statement provided by RNS, the news service of the London Stock Exchange (LON:LSEG).
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