Law Debenture Corp PLC Director/PDMR Shareholding (2918S)
March 15 2021 - 12:15PM
UK Regulatory
TIDMLWDB
RNS Number : 2918S
Law Debenture Corp PLC
15 March 2021
15 March 2021
The Law Debenture Corporation p.l.c.
Notification of Transactions by Persons Discharging Managerial
Responsibility
The Law Debenture Corporation p.l.c. (the "Corporation")
announced on 26 February 2021 that shares had been purchased by a
subsidiary undertaking in connection with the Corporation's
Deferred Share Bonus Plan (the "Plan") for senior staff. The
transaction, set out below, in the Corporation's Ordinary 5 pence
shares was undertaken by a director / person discharging managerial
responsibility ("PDMRs") following the purchase.
As set out in the Corporation's Remuneration Policy approved by
shareholders on 7 April 2020, 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.
In accordance with that policy, 12,417 deferred share awards for
Denis Jackson, an Executive Director, were granted under the Plan
on 12 March 2021 at an average price of 704.66 pence per share (the
"awards").
The awards granted under the Plan are held in trust and no
consideration is payable on the grant or vesting of the awards. 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 UK's retained
EU law version of the Market Abuse Regulation (596/2014).
1 Details of the person discharging managerial responsibilities
a) Name Denis Jackson
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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
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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 5 pence each
financial instrument,
type of instrument
Identification code GB0031429219
b) Nature of the transaction 12,417 deferred share awards granted
under the Corporation's Deferred Share
Bonus Plan. The resultant total shares
under the Deferred Share Bonus Plan
held by Denis Jackson as at 15 March
2021 is 51,094.
------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
---------------------------- -------------
Price(s) Volume(s)
---------------------------- -------------
Nil consideration 12,417
----------------------------------------------------------------- -------------
d) Aggregated information
- Aggregated volume 12,417
- Price Nil consideration
e) Date of the transaction 12 March 2021
------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
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END
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