Director/PDMR Shareholding
The Law Debenture Corporation p.l.c. announced that directors and persons discharging managerial responsibilities (PDMRs) exercised nil cost options under the Long Term Incentive Plan on November 17, 2025. Denis Jackson, CEO, exercised a total of 143,583 options and disposed of 67,485 shares to cover tax and National Insurance at 1022.00 pence per share, retaining 34,199 shares from 2020 awards and 26,084 and 15,815 shares from 2021 and 2022 awards respectively, which remain subject to a two-year holding period. Trish Houston, COO, exercised 60,079 options and disposed of 28,238 shares at the same price, retaining 18,459 shares from 2021 awards and 13,382 shares from 2022 awards, also subject to the holding period.
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Long Term Incentive Plan
The following transactions were undertaken by PDMRs on 17 November 2025 in accordance with the rules of the Corporation's Long Term Incentive Plan ('LTIP'). The LTIP was established to reward eligible participants in a way that aligns their interests with the interests of shareholders and with the Corporation's long-term strategic plan.
| Name | Director/ PDMR | LTIP Award Year | Number of nil cost options exercised | Shares disposed of to cover tax and NI at a price of 1022.00 pence per share 1 | Shares retained by individual |
|---|---|---|---|---|---|
| Denis Jackson | Director | 2020 | 64,527 | 30,328 | 34,199 |
| 2021 | 49,216 | 23,132 | 26,084* | ||
| 2022 | 29,840 | 14,025 | 15,815* | ||
| Trish Houston | Director | 2021 | 34,829 | 16,370 | 18,459* |
| 2022 | 25,250 | 11,868 | 13,382* |
1 - being the Corporation's share price at market close on 17 November 2025
In accordance with the rules of the Corporation's LTIP, awards are subject to a two-year holding period commencing on vesting.
* these shares remain within the two-year holding period and will continue to be restricted until the holding period has expired.
| 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 |
| a) | Name | The Law Debenture Corporation p.l.c. |
| b) | LEI | 2138006E39QX7XV6PP21 |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 5 pence each |
| Identification code | GB0031429219 | |
| b) | Nature of the transaction | Exercise of nil cost options under The Law Debenture Corporation p.l.c. Long Term Incentive Plan |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| Nil consideration | 143,583 | |
| d) | Aggregated information | |
| - Aggregated volume | 143,583 | |
| - Price | Nil consideration | |
| e) | Date of the transaction | 17 November 2025 |
| f) | Place of the transaction | Outside a trading venue |
| 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 |
| a) | Name | The Law Debenture Corporation p.l.c. |
| b) | LEI | 2138006E39QX7XV6PP21 |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 5 pence each |
| Identification code | GB0031429219 | |
| b) | Nature of the transaction | Disposal of shares |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 1022.00 pence per share | 67,485 | |
| d) | Aggregated information | |
| - Aggregated volume | 67,485 | |
| - Price | £689,696.70 | |
| e) | Date of the transaction | 17 November 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 |
| a) | Name | The Law Debenture Corporation p.l.c. |
| b) | LEI | 2138006E39QX7XV6PP21 |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 5 pence each |
| Identification code | GB0031429219 | |
| b) | Nature of the transaction | Exercise of nil cost options under The Law Debenture Corporation p.l.c. Long Term Incentive Plan |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| Nil consideration | 60,079 | |
| d) | Aggregated information | |
| - Aggregated volume | 60,079 | |
| - Price | Nil consideration | |
| e) | Date of the transaction | 17 November 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 |
| a) | Name | The Law Debenture Corporation p.l.c. |
| b) | LEI | 2138006E39QX7XV6PP21 |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 5 pence each |
| Identification code | GB0031429219 | |
| b) | Nature of the transaction | Disposal of shares |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 1022.00 pence per share | 28,238 | |
| d) | Aggregated information | |
| - Aggregated volume | 28,238 | |
| - Price | £288,592.36 | |
| e) | Date of the transaction | 17 November 2025 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.