Last checked at 
1 Feb 2022 14:12
1 February 2022
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 28 January 2022 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 a director / person 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 Article 19 of the UK's retained EU law version of the Market Abuse Regulation (596/2014).
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| Details of the person discharging managerial responsibilities | ||||
a) | Name | Denis Jackson | |||
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| 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 | |||
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Identification code | GB0031429219 | ||||
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b)
| Nature of the transaction | 423 shares purchased following dividend reinvestment on awards granted under the Schemes. The resultant total shares under the Schemes held by Denis Jackson as at 28 January 2022 is 49,582. | |||
c)
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| Price(s) | Volume(s) |
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| Nil consideration | 423 |
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d)
| Aggregated information |
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- Aggregated volume | 423 | ||||
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- Price | Nil consideration | ||||
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e) | Date of the transaction | 28 January 2022 | |||
f) | Place of the transaction | Outside a trading venue | |||
The Corporation further announces that on 1 February 2022, Denis Jackson reinvested dividends received from shares held on his own account, acquiring 28 ordinary shares in the Corporation at 8.075449 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 /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 | |||
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Identification code | GB0031429219 | ||||
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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 1 February 2022 is 3,394. | |||
c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| 8.075449 pence | 28 |
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d)
| Aggregated information |
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- Aggregated volume | 28 | ||||
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- Price | £226.11 | ||||
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e) | Date of the transaction | 1 February 2022 | |||
f) | Place of the transaction | London Stock Exchange | |||