21st Aug 2009 13:33
LOW & BONAR PLC(the "Company")
This notification is made in accordance with DTR 3.1.4(1)(a).
Under the terms of the Low & Bonar Long Term Incentive Plan (the "Plan"), restricted share awards ("Awards") were granted over ordinary shares in the Company on 21 August 2009 to certain directors and Persons Discharging Managerial Responsibilities ("PDMRs") of the Company, as follows:
|
Name of Director/PDMR |
Number of Shares under the Award |
Total number of Shares held under Awards granted under the Plan following grant |
|
Paul Forman |
439,286 |
813,664 |
|
Kevin Higginson |
330,715 |
532,796 |
|
Steve Good |
292,858 |
420,424 |
Those persons also hold awards made under the Company's Share Matching Plan, as follows:
|
Name of Director/PDMR |
Number of Shares under the Share Matching Plan |
|
Paul Forman |
1,926,962 |
|
Kevin Higginson |
958,037 |
|
Steve Good |
849,169 |
No consideration was paid for the grant of the Awards.
The Awards will normally vest on the third anniversary of grant subject to the continued employment of the participant and the satisfaction of performance conditions set by the Remuneration Committee of the Company. To the extent that an Award vests, participants may call for their shares during a period of 3 months from the date of vesting (or such longer period as the Remuneration Committee of the Company may allow).
The Company was informed of the above transactions on 21 August 2009.
For further information, please contact:
Low & Bonar PLC
Matthew Joy, Company Secretary 020 7535 3180
Related Shares:
LWB.L