2nd Apr 2007 17:18
Low & Bonar PLC02 April 2007 NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIALRESPONSIBILITY OR CONNECTED PERSONS This form is intended for use by an issuer to make a RIS notification requiredby DR 3.1.4R(1). (1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. (2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. (3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. (4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. Please complete all relevant boxes in block capital letters. 1. Name of the issuer Low & Bonar PLC 2. State whether the notification relates to (i) a transaction notified inaccordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (asextended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii) (i) 3. Name of person discharging managerial responsibilities/director MR MARK SEFTON, DIVISIONAL MANAGING DIRECTOR, BONAR FLOORS DIVISION 4. State whether notification relates to a person connected with a persondischarging managerial responsibilities/director named in 3 and identify theconnected person PDMR NAMED IN 3 ABOVE 5. Indicate whether the notification is in respect of a holding of the personreferred to in 3 or 4 above or in respect of a non-beneficial interest IN RESPECT OF PERSON NAMED IN 3 ABOVE 6. Description of shares (including class), debentures or derivatives orfinancial instruments relating to shares ORDINARY 25 PENCE SHARES 7. Name of registered shareholders(s) and, if more than one, the number ofshares held by each of them MR MARK SEFTON 8 State the nature of the transaction RELEASE OF SECOND TRANCHE OF THE AWARD MADE TO MR SEFTON ON 28 MARCH 2003 UNDER THE LOW & BONAR 2003 LONG TERM INCENTIVE PLAN ("THEPLAN"), BEING 91,109 SHARES (BEING 80,785 SHARES ADJUSTED FOR THE 1 FOR 2 RIGHTS ISSUE MADE BY THE COMPANY IN AUGUST 2006). THE AWARD VESTED IN FULL ON 28 MARCH 2006, HAVING SATISFIED ALL OF THEPERFORMANCE CONDITIONS. IN ACCORDANCE WITH THE PLAN RULES THE AWARD IS RELEASED IN THREE TRANCHES, WITHTHE FINAL TRANCHE DUE TO BE RELEASED WITHIN 14 DAYS OF THE THIRD ANNIVERSARY DATE OF VESTING BEING 28 MARCH 2008 SUBJECT TO MR SEFTON REMAINING AN EMPLOYEE OF THE COMPANY ON THAT DATE. MR SEFTON SOLD 91,109 SHARES ON 30 MARCH 2007 AND INSTRUCTED THE TRUSTEE OF HISSELF-INVESTED PENSION PLAN TO REINVEST PART OF THE PROCEEDS TO PURCHASE 33,902 LOW & BONAR PLC ORDINARY SHARES ON 30 MARCH 2007. THE SALE OF THE BALANCE OF SHARES WAS PRINCIPALLY TO COVER INCOME TAX ANDEMPLOYEE'S NI PAYABLE ON THE VESTING OF 91,109 SHARES. 9. Number of shares, debentures or financial instruments relating to sharesacquired 33,902 10. Percentage of issued class acquired (treasury shares of that class shouldnot be taken into account when calculating percentage) 0.022% 11. Number of shares, debentures or financial instruments relating to sharesdisposed 91,109 12. Percentage of issued class disposed (treasury shares of that class shouldnot be taken into account when calculating percentage) 0.59% 13. Price per share or value of transaction 33,902 SHARES PURCHASED AT 142 PENCE PER ORDINARY SHARE 91,109 SHARES SOLD AT 139.75 PENCE PER ORDINARY SHARE 14. Date and place of transaction 30 MARCH 2007, LONDON 15. Total holding following notification and total percentage holding followingnotification (any treasury shares should not be taken into account whencalculating percentage) 33,902 (0.022%) 16. Date issuer informed of transaction 2 APRIL 2007 If a person discharging managerial responsibilities has been granted options bythe issuer complete the following boxes 17 Date of grant .................................... 18. Period during which or date on which it can be exercised .................................... 19. Total amount paid (if any) for grant of the option .................................... 20. Description of shares or debentures involved (class and number) .................................... .................................... 21. Exercise price (if fixed at time of grant) or indication that price is to befixed at the time of exercise .................................... 22. Total number of shares or debentures over which options held followingnotification .................................... 23. Any additional information .................................... 24. Name of contact and telephone number for queries AMANDA WHALLEY, 020 7535 3180 Name and signature of duly authorised officer of issuer responsible for makingnotification AMANDA WHALLEY, COMPANY SECRETARY Date of notification 2 APRIL 2007 END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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