Law Debenture Corporation Subsidiary Purchases Own Shares
Why we think this is neutral
The RNS announcement indicates that a subsidiary of Law Debenture Corporation has purchased a small number of the company's own shares. This is a routine corporate action and does not provide any significant new information about the company's performance or outlook.
Key Points
- Subsidiary purchased 7,521 of the company's own shares
- Shares purchased at £8.70 per share
- Shares will be held in the company's Employee Share Ownership Trust
Summary
The subsidiary of this investment company has purchased a small number of the company's own shares.
Law Debenture Corporation has announced that its wholly-owned subsidiary, The Law Debenture Trust Corporation (Channel Islands) Limited, has purchased 7,521 of the company's ordinary shares. The shares were purchased at a price of £8.70 per share and will be held in the company's Employee Share Ownership Trust.
GENERAL UPDATE