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LONDON - The Law Debenture Corporation p.l.c. (LSE:LWDB), a British investment trust, has issued 60,000 new ordinary shares under its block listing facility, the company announced today. The shares were issued at two separate prices; 35,000 shares at £9.09 each and 25,000 shares at £9.07 each, both prices representing a premium over the net asset value per share at the time of the transactions.
Following this issuance, Law Debenture’s total number of ordinary shares in issue has risen to 133,370,755, with the same number of voting rights. The corporation clarified that there are no shares held in treasury. This latest issuance leaves the corporation with the capacity to admit an additional 10,260,000 ordinary shares under the existing block listing facility.
Shareholders can use the total issued share count of 133,370,755 as the denominator for calculations to determine if they need to disclose changes in their stake in the company, according to the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The information for this announcement is based on a press release statement and has been distributed by RNS, the news service of the London Stock Exchange (LON:LSEG). RNS is authorized by the Financial Conduct Authority in the UK to act as a Primary Information Provider.
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