Law Debenture Corp PLC Director/PDMR Shareholding (7656E)
July 09 2021 - 6:02AM
UK Regulatory
TIDMLWDB
RNS Number : 7656E
Law Debenture Corp PLC
09 July 2021
9 July 2021
The Law Debenture Corporation p.l.c.
Notification of Transaction by a Person Discharging Managerial
Responsibility
The Law Debenture Corporation p.l.c. (the "Corporation")
announced on 7 July 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 shares of
5 pence each, was undertaken by a director / person discharging
managerial responsibility ("PDMR") 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
(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
------------------------------- ----------------------------------------------
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 5 pence each
financial instrument,
type of instrument
Identification code GB0031429219
b) Nature of the transaction 428 shares purchased following dividend
reinvestment on awards granted under
the Plan. The resultant total shares
under the Plan held by Denis Jackson
as at 7 July 2021 is 48,725.
------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
---------------------------- -------------
Price(s) Volume(s)
---------------------------- -------------
Nil consideration 428
----------------------------------------------------------------- -------------
d) Aggregated information
- Aggregated volume 428
- Price Nil consideration
e) Date of the transaction 7 July 2021
------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ----------------------------------------------
The Corporation further announces that on 9 July 2021, Denis
Jackson reinvested dividends received from shares held on his own
account, acquiring 29 ordinary shares in the Corporation at 764
pence per share.
1 Details of the person discharging managerial responsibilities
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 5 pence each
financial instrument,
type of instrument
Identification code GB0031429219
b) Nature of the transaction Acquisition of shares by dividend reinvestment.
The resultant total shares held by
Denis Jackson on his own account as
at 9 July 2021 is 3,337.
------------------------------------- ------------------------------------------------------
c) Price(s) and volume(s)
------------------------- ------------------------
Price(s) Volume(s)
------------------------- ------------------------
764 pence 29
-------------------------------------------------------------------- ------------------------
d) Aggregated information
- Aggregated volume 29
- Price GBP221.56
e) Date of the transaction 9 July 2021
------------------------------------- ------------------------------------------------------
f) Place of the transaction London Stock Exchange
------------------------------------- ------------------------------------------------------
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END
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