Company search
The Law Debenture Corporation p.l.c.
8th Floor
100 Bishopsgate
London
EC2N 4AG
12 April 2021
Issue of Equity
On 12 April 2021 The Law Debenture Corporation p.l.c. (the "Corporation") issued 75,000 new ordinary shares of 5 pence each at a price of £7.422 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 120,732,842 and the total number of voting rights in the Corporation is 120,732,842. There are no shares held in treasury.
The above figure of 120,732,842 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
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
