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LONDON - The Law Debenture Corporation p.l.c., a company registered in England, has announced the issuance of 110,000 new ordinary shares under its block listing facility. Today, the corporation released 35,000 shares at £9.72 each and 75,000 shares at £9.718 each, both prices representing a premium over the net asset value per share at the time of the transactions.
With this latest issuance, the total number of ordinary shares in circulation for Law Debenture now stands at 133,885,755, which is also the total number of voting rights within the corporation. The company confirmed that there are no shares held in treasury.
This move allows Law Debenture to admit an additional 9,745,000 ordinary shares under its block listing facility in the future. Shareholders can use the updated figure of 133,885,755 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.
The Law Debenture Corporation has been a fixture in the London financial community for many years, providing a range of investment and fiduciary services. Today’s equity issue is a part of the company’s capital management strategy and provides investors with the opportunity to participate in the company’s growth.
The information disclosed in this article is based on a press release statement from The Law Debenture Corporation p.l.c. and is intended to keep shareholders and the market informed of the latest developments within the company.
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