3rd Dec 2007 09:45
Low & Bonar PLC03 December 2007 LOW & BONAR PLC This notification is made in accordance with DTR 3.1.4. On 30 November 2007, the following "one-off" matching awards over ordinaryshares in the Company ("Matching Awards") were made under the Low & Bonar plcShare Matching Plan (the "Plan") to Persons Discharging ManagerialResponsibility ("PDMRs") of the Company: Name of PDMR Number of shares held under Matching AwardPaul Forman 1,766,585Kevin Higginson 878,302Steve Good 778,495Mark Sefton 698,649 No consideration was paid for the grant of the Matching Awards, which arestructured as awards of free shares. Participants are required to pledge or acquire a specified number of Companyshares to the Plan (equal to 100% of their post-tax base salary at the date ofthe grant) over a period of time and to leave those shares in the Plan until thefifth anniversary of the date of grant. The Matching Awards will normally vest in three tranches on the followinganniversaries of the date of grant: 40% on the third anniversary; 30% on thefourth anniversary; and 30% on the fifth anniversary. The vesting of theMatching Awards is subject to the satisfaction of performance conditions as setout in the Circular to shareholders in connection with the Plan dated 4 October2007 and approved at the general meeting held on 23 October 2007. The Company was informed of the above transactions on 30 November 2007. Name of contact and telephone number for queries: Company Secretary, 020 75353180. Low & Bonar plc This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
LWB.L