21st May 2013 16:07
TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Low & Bonar PLC
2. Reason for the notification (please place an X inside the appropriate bracket/s):
An acquisition or disposal of voting rights: (X)
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments: ( )
An event changing the breakdown of voting rights: ( )
Other (please specify):
3. Full name of person(s) subject to the notification obligation:
Legal & General Group Plc (L&G)
4. Full name of shareholder(s) (if different from 3.):
N/A
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
16 May 2013
6. Date on which issuer notified:
20 May 2013
7. Threshold(s) that is/are crossed or reached
L&G (Above 3%)
8. Notified details:
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE | Situation previous to the Triggering transaction | ||
GB0005363014 | Number of shares | Number of voting Rights | |
Ordinary 25p
| Below 3% (As at 22/03/2013) | ||
Resulting situation after the triggering transaction
Class/type of shares if possible using the ISIN CODE | Number of shares |
| Number of voting rights |
| % of voting rights | |||||
| Direct |
| Indirect |
| Direct | Indirect | ||||
9,653,716 | 9,653,716 | 3.26% | ||||||||
GB0005363014 | ||||||||||
| ||||||||||
B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument | Expiration Date | Exercise/Conversion Period/ Date | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
N/A | N/A | N/A | N/A | N/A |
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument | Exercise price | Expiration Date | Exercise/ Conversion Period | Number of voting rights instrument refers to | % of voting rights
| |
Nominal | Delta | |||||
N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Total (A+B+C)
Number of voting rights | % of voting rights
|
9,653,716 | 3.26% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Legal & General Group Plc (Direct and Indirect) (Group)
Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and Indirect)
Legal & General Investment Management Limited (Indirect) (LGIM)
Legal & General Group Plc (Direct) (L&G) (9,653,716 - 3.26% = LGAS, LGPL & PMC)
Legal & General Investment Management (Holdings) Limited (Direct) (LGIMHD)
| Legal & General Insurance Holdings Limited (Direct) (LGIH)
|
Legal & General Assurance (Pensions Management) Limited (PMC)
| Legal & General Assurance Society Limited (LGAS & LGPL)
|
Legal & General Pensions Limited (Direct) (LGPL) |
Proxy Voting:
10. Name of the proxy holder:
N/A
11. Number of voting rights proxy holder will cease to hold:
N/A
12. Date on which proxy holder will cease to hold voting rights:
N/A
13. Additional information:
Notification using the total voting rights figure of 295,746,644
14. Contact name:
Matthew Joy, Company Secretary, Low & Bonar PLC
15. Contact telephone number:0207 535 3180
Related Shares:
LWB.L