Law Debenture Corp PLC Transaction in Own Shares (3836H)
March 13 2015 - 6:00AM
UK Regulatory
TIDMLWDB
RNS Number : 3836H
Law Debenture Corp PLC
13 March 2015
The Law Debenture Corporation p.l.c.
Fifth Floor
100 Wood Street
London
EC2V 7EX
13 March 2015
The Law Debenture Corporation p.l.c.
Release of shares by subsidiary undertaking
The Law Debenture Trust Corporation (Channel Islands) Limited
has released from trust a total of 140,456 ordinary shares of 5
pence each in The Law Debenture Corporation p.l.c.
Under the terms of a Trust Deed dated 23 April 2002, The Law
Debenture Trust Corporation (Channel Islands) Limited was appointed
trustee of The Law Debenture Corporation p.l.c. Employee Share
Ownership Trust.
Conditions having been met, the shares (which were purchased by
the Trustee in 2012) have been released to enable the satisfaction
of awards made in 2012 under a Deferred Share Bonus Plan to 34
members of staff. The shares are released to those staff today, 13
March 2015 at a price of 518.50 pence per share ("the Release
Price"), being the closing price at 12 March 2015. In accordance
with the Rules of the Deferred Share Bonus Plan, recipients must
pay PAYE and national insurance calculated at the Release Price in
order to receive the shares awarded to them.
Law Debenture Corporate Services Limited
Company Secretary
Contact: Ian Bowden 020 7696 5285
The Law Debenture Corporation p.l.c. is registered in England at
the above address, company registration number 30397
This information is provided by RNS
The company news service from the London Stock Exchange
END
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