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LONDON - The Law Debenture Corporation p.l.c. announced Friday that its wholly owned subsidiary, The Law Debenture Trust Corporation (Channel Islands) Limited, has purchased 60,000 ordinary shares in the parent company at £10.16 per share.
The transaction, which occurred on Thursday, was made in connection with both the company’s Deferred Share Bonus Plan and Long-term Incentive Plan for senior staff, according to a company press release.
The Channel Islands subsidiary serves as trustee of the Corporation’s Employee Share Ownership Trust under a Trust Deed established in April 2002.
The shares purchased have a nominal value of 5 pence each. The total value of the transaction amounts to approximately £609,600.
Law Debenture Corporation p.l.c. is registered in England with company registration number 30397 and trades on the London Stock Exchange (LON:LSEG).
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