Law Debenture Corp PLC Update re Equity Issuance (2889Y)
May 11 2021 - 12:44PM
UK Regulatory
TIDMLWDB
RNS Number : 2889Y
Law Debenture Corp PLC
11 May 2021
The Law Debenture Corporation p.l.c.
8(th) Floor
100 Bishopsgate
London
EC2N 4AG
11 May 2021
Update re Equity Issuance
Further to the recent announcements made by The Law Debenture
Corporation p.l.c. (the "Corporation") regarding the issuance of
ordinary shares for the purpose of refinancing the acquisition of
the UK company secretarial business from Eversheds Sutherland
(International) LLP, the Corporation has now raised its target of
GBP20m.
Given the ongoing demand from existing and new investors , the
Board intends to continue to issue ordinary shares in the
Corporation, subject to the authority approved by shareholders at
the Corporation's Annual General Meeting held on 7 April 2021.
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, 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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