Law Debenture Corp PLC Issue of Equity (6438V)
April 15 2021 - 10:20AM
UK Regulatory
TIDMLWDB
RNS Number : 6438V
Law Debenture Corp PLC
15 April 2021
The Law Debenture Corporation p.l.c.
8(th) Floor
100 Bishopsgate
London
EC2N 4AG
15 April 2021
Issue of Equity
On 15 April 2021 The Law Debenture Corporation p.l.c. (the
"Corporation" ) issued 40,000 new ordinary shares of 5 pence each
at a price of GBP7.484 per share; these shares rank pari passu with
the existing ordinary shares in issue. The issue price equates to a
premium to the net asset value per share at the time of the
transaction.
As a result of this issue, the total number of ordinary shares
in issue now stands at 120,922,842 and the total number of voting
rights in the Corporation is 120,922,842. There are no shares held
in treasury.
The above figure of 120,922,842 may be used by shareholders as
the denominator for the calculation by which they may determine if
they are required to notify their interest in, or change to their
interest in, the Corporation under the FCA's Disclosure Guidance
and Transparency Rules.
The decision to issue equity follows the recent acquisition of
Konexo UK's company secretarial business from Eversheds Sutherland
(International) LLP, which the Corporation seeks to refinance,
subject to the authority approved by shareholders at the
Corporation's Annual General Meeting held on 7 April 2021.
Ordinary shares may be issued in light of the continued premium
to net asset value at which they are trading, together with
continued demand from existing and new investors for the ordinary
shares. Ordinary shares will only be issued at a premium to net
asset value and will be accretive to existing shareholders.
Law Debenture Corporate Services Limited
Company Secretary
Contact: Alison Skerritt, Tel: 020 7696 5233
The Law Debenture Corporation p.l.c. is registered in England,
company registration number 30397. LEI number -
2138006E39QX7XV6PP21
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