31st Aug 2005 15:14
Low & Bonar PLC31 August 2005 31 August 2005 Low & Bonar PLC (the "Company") COMPLETION OF THE ACQUISITION OF XIRION N.V. AND RESULTS OF TODAY'S EXTRAORDINARY GENERAL MEETING Further to the announcement of 15 July 2005, Low & Bonar PLC today announcesthat its subsidiary Bonar Technical Fabrics N.V. has completed the acquisitionof Xirion N.V. The Company also announces that the five resolutions proposed to ordinaryshareholders at today's extraordinary general meeting and as detailed in theannouncement and circular to shareholders dated 5th August 2005 were dulypassed. Those resolutions duly passed at today's extraordinary meeting approve: (i) theproposed disposal of the Company's Bonar Plastics Division; (ii) the proposedreduction of share capital and cancellation of share premium account of theCompany (two resolutions); (iii) an amendment to the Low & Bonar 2003 Long-TermIncentive Plan to effect the revised remuneration policy of the Company's seniorexecutive team; and (iv) for certain amendments to the borrowing powersprovisions of its articles of association. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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