Law Debenture Corp PLC Director/PDMR Shareholding (7648U)
July 31 2020 - 5:20AM
UK Regulatory
TIDMLWDB
RNS Number : 7648U
Law Debenture Corp PLC
31 July 2020
31 July 2020
The Law Debenture Corporation p.l.c. (the "Corporation")
Notification of Transactions by Persons Discharging Managerial
Responsibility ("PDMRs")
The Corporation announced on 28 July 2020 that shares had been
purchased by a subsidiary undertaking to reinvest dividends
received from shares held in trust under a Deferred Share Bonus
Plan for senior staff. The following transactions in the Company's
Ordinary 5p shares were undertaken by directors / persons
discharging managerial responsibility ('PDMRs') as a result of this
dividend reinvestment.
In line with the Corporation's Remuneration Policy in place
during the year to 31 December 2019, a third of the bonus earned by
the Executive Directors was required to be deferred for three
years. In accordance with that policy, 16,278 shares for Denis
Jackson and 11,637 shares for Katie Thorpe were granted under the
Deferred Share Bonus Plan on 13 March 2020 at an average price of
587.19 pence per share. As set out in the Corporation's
Remuneration Policy approved by shareholders on 7 April 2020, in
future half of any bonus earned by the Executive Directors above
GBP100,000 will be deferred in shares for three years with enhanced
malus and clawback provisions applying.
The shares are held in trust and no consideration is payable on
the grant or vesting of the award. The number of shares to which
each award relates is increased by the reinvestment of dividends
due on the shares held in trust.
The relevant notifications set out below are provided in
accordance with the requirements of Article 19 of the EU Market
Abuse Regulation.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Denis Jackson
------------------------------- -------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------- -------------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name The Law Debenture Corporation p.l.c.
------------------------------- -------------------------------------------------
b) LEI 2138006E39QX7XV6PP21
------------------------------- -------------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------------------
a) Description of the Ordinary shares of 5p each
financial instrument,
type of instrument
Identification code LWDB
ISIN number GB0031429219
SEDOL 3142921
b) Nature of the transaction 453 shares purchased following dividend
reinvestment on awards granted under
the Deferred Share Bonus Plan. The
resultant total shares under the Deferred
Share Bonus Plan held by Denis Jackson
as at 30 July 2020 is 37,789.
------------------------------- -------------------------------------------------
c) Price(s) and volume(s)
------------------------------ --------------
Price(s) Volume(s)
------------------------------ --------------
Nil consideration 453
------------------------------------------------------------------- --------------
d) Aggregated information
- Aggregated volume 453
- Price Nil consideration
e) Date of the transaction 28 July 2020
-------------------------- ------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Katie Thorpe
------------------------------- -------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------- -------------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name The Law Debenture Corporation p.l.c.
------------------------------- -------------------------------------------------
b) LEI 2138006E39QX7XV6PP21
------------------------------- -------------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------------------
a) Description of the Ordinary shares of 5p each
financial instrument,
type of instrument
Identification code LWDB
ISIN number GB0031429219
SEDOL 3142921
b) Nature of the transaction 232 shares purchased following dividend
reinvestment on awards granted under
the Deferred Share Bonus Plan. The
resultant total shares under the Deferred
Share Bonus Plan held by Katie Thorpe
as at 28 July 2020 is 19,403.
------------------------------- -------------------------------------------------
c) Price(s) and volume(s)
------------------------------ --------------
Price(s) Volume(s)
------------------------------ --------------
Nil consideration 232
------------------------------------------------------------------- --------------
d) Aggregated information
- Aggregated volume 232
- Price Nil consideration
e) Date of the transaction 28 July 2020
------------------------------- -------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- -------------------------------------------------
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of this information may apply. For further information, please
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END
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