Law Debenture Corp PLC Director/PDMR Shareholding (7819V)

TIDMLWDB

RNS Number : 7819V

Law Debenture Corp PLC

16 April 2021

16 April 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 15 April 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 5 pence shares 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        511 shares purchased following dividend 
                                         reinvestment on awards granted under 
                                         the Plan. The resultant total shares 
                                         under the Plan held by Denis Jackson 
                                         as at 15 April 2021 is 48,297. 
      -------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                        ----------------------------  ------------- 
                                         Price(s)                      Volume(s) 
                                        ----------------------------  ------------- 
    Nil consideration                                                  511 
   -----------------------------------------------------------------  ------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume              511 
 
  - Price                          Nil consideration 
 
 e)    Date of the transaction          15 April 2021 
      -------------------------------  ---------------------------------------------- 
 f)    Place of the transaction         Outside a trading venue 
      -------------------------------  ---------------------------------------------- 
 

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April 16, 2021 09:51 ET (13:51 GMT)