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LONDON - The Law Debenture Corporation p.l.c., a London-based investment trust, has announced the issuance of 125,000 new ordinary shares under its block listing facility. The shares were issued on Monday at varying prices, all at a premium to the net asset value per share at the time of the transactions.
Specifically, 50,000 shares were issued at £8.495 each, another set of 50,000 shares at £8.52 each, and the remaining 25,000 shares at £8.58 each. The newly issued shares rank equally with the existing ordinary shares.
Following this issuance, the total number of ordinary shares in issue for the Corporation stands at 132,770,755, which is also the total number of voting rights. The Corporation confirmed that no shares are held in treasury. The figure of 132,770,755 shares can now be used by shareholders as the denominator for the calculations required to notify their interest in, or a change to their interest in, the Corporation under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
This issuance allows for the admission of a further 10,860,000 ordinary shares under the block listing facility of The Law Debenture Corporation. The information provided in this announcement is based on a press release statement and is intended to comply with the London Stock Exchange (LON:LSEG)’s requirements as communicated by RNS, the exchange’s news service.
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