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LONDON - The Law Debenture Corporation p.l.c. (LSE:LWDB), a British investment trust, announced the issue of 130,000 new ordinary shares on Tuesday, May 20, 2025. The shares, priced at £9.495 and £9.53 for different tranches, were issued under the company’s block listing facility and will rank equally with the existing ordinary shares.
The issuance includes 50,000 shares at £9.495 each and 80,000 shares at £9.53 each, representing a premium over the net asset value per share at the time of the transactions. With this latest issuance, Law Debenture’s total number of ordinary shares in issue amounts to 133,725,755, with an equivalent number of voting rights. The company has confirmed that no shares are held in treasury.
Furthermore, following this equity issue, Law Debenture retains the capacity to admit up to 9,905,000 additional ordinary shares under its block listing facility. Shareholders may use the updated total number of shares as the denominator for calculations to determine whether they must notify changes in their interest in the company, in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
This move by Law Debenture is part of its ongoing capital management strategy. The information regarding this issue of equity is based on a press release statement and has been officially provided by RNS, the news service of the London Stock Exchange (LON:LSEG).
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