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LONDON - The Law Debenture Corporation p.l.c., a company based in London, announced the issuance of 75,000 new ordinary shares today. The newly issued shares, priced at £9.38 for 50,000 shares and £9.405 for the remaining 25,000, were sold at a premium to the net asset value per share at the time of the transactions.
This equity issue is part of the company’s block listing facility, which, following this transaction, allows for the admission of an additional 10,035,000 ordinary shares. The shares issued rank pari passu, or equally, with the existing ordinary shares.
As a result of this issuance, the total number of ordinary shares in issue for The Law Debenture Corporation now stands at 133,595,755, with an equivalent number of voting rights. The company confirmed that no shares are held in treasury.
This new total of ordinary shares serves as a reference for shareholders to calculate and determine whether they need to notify changes in their interest in the company, according to the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The Law Debenture Corporation is registered in England and is recognized by the London Stock Exchange (LON:LSEG). The information regarding this equity issue is based on a press release statement and is provided by RNS, the news service of the London Stock Exchange, which is authorized by the Financial Conduct Authority in the United Kingdom (TADAWUL:4280).
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