Law Debenture Corporation Unveils Fresh Equity Issue, Releasing 100,000 New Shares

Stirring up the market, The Law Debenture Corporation Plc declared on 30th April 2025 that it had issued 100,000 new ordinary shares. Each share holds a face value of 5 pence, and they were priced at an impressive £8.915 per share. Issued under the corporation’s block listing facility, these newly minted shares maintain parity with the pre-existing ordinary shares in circulation. This issue not only denotes a robust movement in the corporation’s financial manoeuvres, but the pricing also indicates a premium to the net asset value per share at the time of the transactions. With the fresh issuance of equity, the corporation sustains the capacity to allow the admission of a further 10,320,000 ordinary shares under its block listing facility. As a result of this move, the total number of ordinary shares in issue now stands at a staggering 133,310,755, reflecting the same count for the number of voting rights in the corporation. It was also reported that the corporation does not currently hold any shares in treasury. This figure of 133,310,755 is said to help shareholders in their calculation to determine if they need to provide notification about their stake in, or any changes to this stake in, the Corporation under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.