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On 24 October 2024, The Law Debenture Corporation p.l.c. Persons Discharging Managerial Responsibility (PDMRs) Denis Jackson (CEO) and Trish Houston (COO) acquired ordinary shares via dividend reinvestment on employee share scheme awards, with Jackson receiving 337 shares and Houston receiving 236 shares, both at nil consideration. Separately, on 28 October 2024, Denis Jackson acquired an additional 296 ordinary shares in the Corporation at 882 pence per share through dividend reinvestment from his own account.
| Date | 28 Oct 2024 |
| Time | 16:48:58 |
| Category | Director/PDMR dealings |
| ID | 9257J |
28 October 2024
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 24 October 2024 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.
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1
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Details of the person discharging managerial responsibilities |
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a) |
Name |
Denis Jackson |
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2
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Reason for the notification |
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a) |
Position/status |
Chief Executive Officer |
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b) |
Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
The Law Debenture Corporation p.l.c. |
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b) |
LEI |
2138006E39QX7XV6PP21 |
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4
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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 |
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a)
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Description of the financial instrument, type of instrument |
Ordinary shares of 5 pence each |
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Identification code |
GB0031429219 |
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b)
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Nature of the transaction |
337 shares purchased following dividend reinvestment on awards granted under the Schemes. The resultant total shares under the Schemes held by Denis Jackson as at 24 October 2024 is 37,168. |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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Nil consideration |
337 |
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d)
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Aggregated information |
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- Aggregated volume |
337 |
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- Price |
Nil consideration |
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e) |
Date of the transaction |
24 October 2024 |
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f) |
Place of the transaction |
Outside a trading venue |
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1
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Details of the person discharging managerial responsibilities |
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a) |
Name |
Trish Houston |
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2
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Reason for the notification |
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a) |
Position/status |
Chief Operating Officer |
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b) |
Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
The Law Debenture Corporation p.l.c. |
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b) |
LEI |
2138006E39QX7XV6PP21 |
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4
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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 |
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a)
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Description of the financial instrument, type of instrument |
Ordinary shares of 5 pence each |
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Identification code |
GB0031429219 |
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b)
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Nature of the transaction |
236 shares purchased following dividend reinvestment on awards granted under the Schemes. The resultant total shares under the Schemes held by Trish Houston as at 24 October 2024 is 26,003. |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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Nil consideration |
236 |
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d)
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Aggregated information |
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- Aggregated volume |
236 |
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- Price |
Nil consideration |
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e) |
Date of the transaction |
24 October 2024 |
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f) |
Place of the transaction |
Outside a trading venue |
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The Corporation further announces that on 28 October 2024 Denis Jackson reinvested dividends received from shares held on his own account, acquiring 296 ordinary shares in the Corporation at 882 pence per share.
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1
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Details of the person discharging managerial responsibilities |
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a) |
Name |
Denis Jackson |
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2
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Reason for the notification |
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a) |
Position/status |
Chief Executive Officer |
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b) |
Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
The Law Debenture Corporation p.l.c. |
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b) |
LEI |
2138006E39QX7XV6PP21 |
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4
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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 |
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a)
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Description of the financial instrument, type of instrument |
Ordinary shares of 5 pence each |
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Identification code |
GB0031429219 |
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b)
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Nature of the transaction |
Acquisition of shares by dividend reinvestment. The resultant total shares held by Denis Jackson on his own account as at 28 October 2024 is 33,116. |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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882 pence per share |
296 |
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d)
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Aggregated information |
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- Aggregated volume |
296 |
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- Price |
£2,609.98 |
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e) |
Date of the transaction |
28 October 2024 |
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f) |
Place of the transaction |
London Stock Exchange |
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