Law Debenture Corp PLC Issue of Equity (5732Q)
February 26 2021 - 11:25AM
UK Regulatory
TIDMLWDB
RNS Number : 5732Q
Law Debenture Corp PLC
26 February 2021
The Law Debenture Corporation p.l.c.
8(th) Floor
100 Bishopsgate
London
EC2N 4AG
26 February 2021
Issue of Equity
On 26 February 2021 The Law Debenture Corporation p.l.c. (the
"Corporation" ) issued 450,205 new ordinary shares of 5p each at a
price of GBP7.03 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 118,905,937 and the total number of voting
rights in the Corporation is 118,905,937. There are no shares held
in treasury.
The above figure of 118,905,937 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 (the "Acquisition"), which the Corporation
seeks to refinance, subject to the authority approved by
shareholders on 7 April 2020.
Ordinary shares will 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-Black 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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END
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