4th Sep 2009 07:00
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"), a restricted share award ("Award") was granted over ordinary shares in the Company on 3 September 2009 to Steve Good, a director, in connection with his becoming Group Chief Executive on 3 September 2009:
|
Name of Director/PDMR |
Number of Shares under the Award |
Total number of Shares held under Awards granted under the Plan following grant |
|
Steve Good |
146,428 |
566,852 |
Mr Good also holds an award made under the Company's Share Matching Plan, as follows:
|
Name of Director/PDMR |
Number of Shares under the Share Matching Plan |
|
Steve Good |
849,169 |
No consideration was paid for the grant of the Award.
The Award will normally vest on 20 August 2012 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 the Award vests, the participant may call for his shares during a period of three 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 3 September 2009.
For further information, please contact:
Low & Bonar PLC
Matthew Joy, Company Secretary 020 7535 3180
Related Shares:
LWB.L