RNS Number : 8430U
Law Debenture Corp PLC
27 January 2025
 

27 January 2025                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                

 

The Law Debenture Corporation p.l.c.

 

Notification of Transaction by Persons Discharging Managerial Responsibility

 

The Law Debenture Corporation p.l.c. (the "Corporation") announced on 23 January 2025 that shares had been purchased by a subsidiary undertaking in connection with awards granted under employee share schemes for senior staff (the "Schemes") (the "Awards") previously approved by the Corporation's shareholders. The transactions, set out below, in the Corporation's ordinary shares of 5 pence each, were undertaken by directors / persons discharging managerial responsibility ("PDMR") following the purchase.

 

The Awards granted under the Schemes 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 UK market abuse regulations.

 

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 /Amendment

Initial notification

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 financial instrument, type of instrument

Ordinary shares of 5 pence each



Identification code

GB0031429219



b)

 

Nature of the transaction

329 shares purchased following dividend reinvestment on awards granted under the Schemes. The resultant total shares under the Schemes held by Denis Jackson as at 27 January 2025 is 37,497. 

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil consideration

329







d)

 

Aggregated information




- Aggregated volume

329



- Price

Nil consideration



e)

Date of the transaction

23 January 2025

f)

Place of the transaction

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities 

a)

Name

Trish Houston

2

 

Reason for the notification

a)

Position/status

Chief Operating Officer

b)

Initial notification /Amendment

Initial notification

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 financial instrument, type of instrument

Ordinary shares of 5 pence each



Identification code

GB0031429219



b)

 

Nature of the transaction

231 shares purchased following dividend reinvestment on awards granted under the Schemes. The resultant total shares under the Schemes held by Trish Houston as at 27 January 2025 is 26,234. 

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil consideration

231







d)

 

Aggregated information




- Aggregated volume

231



- Price

Nil consideration



e)

Date of the transaction

23 January 2025

f)

Place of the transaction

Outside a trading venue

 

 

 

The Corporation further announces that on 27 January 2025 the below Directors reinvested dividends received from shares held on their own accounts, as detailed below.

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 /Amendment

Initial notification

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 financial instrument, type of instrument

Ordinary shares of 5 pence each



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 27 January 2025 is 33,409. 

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




8.9325 pence per share

294







d)

 

Aggregated information




- Aggregated volume

294



- Price

£2626.16



e)

Date of the transaction

27 January 2025

f)

Place of the transaction

London Stock Exchange

 


 

1

 

Details of the person discharging managerial responsibilities and person closely associated. 

a)

Name of PDMR

Name of PCA

Parwinder Purewal

Sally Cosgrove

2

 

Reason for the notification

a)

Position/status of PDMR

Position/status of PCA

Non-Executive Director

PCA with Parwinder Purewal

b)

Initial notification /Amendment

Initial notification

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 financial instrument, type of instrument

Ordinary shares of 5 pence each



Identification code

GB0031429219



b)

 

Nature of the transaction

Acquisition of shares by dividend reinvestment. The resultant total shares held by Parwinder Purewal and

Sally Cosgrove on their own account as at 27 January 2025 is 31,601. 

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




8.9325 pence per share

278







d)

 

Aggregated information




- Aggregated volume

278



- Price

£2483.24



e)

Date of the transaction

27 January 2025

f)

Place of the transaction

London Stock Exchange

 

 

 

 

 

 

 

 

 

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