19th Oct 2009 14:29
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:
Aberforth Partners LLP
4. Full name of shareholder(s) (if different from 3.) :
Shareholder Shares
1: Aberforth Smaller Companies Trust plc 18,724,966
2: Aberforth UK Small Companies Fund 10,268,848
3: The Church Commissioners for England 4,142,898
4: Aberforth Geared Capital & Income Trust plc 3,136,074
1,2,4 = registered in the name of Nortrust Nominees Ltd A/c Aberforth.
3= The Church Commissioners for England (Chase GIS) Nominees Ltd
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
14 October 2009
6. Date on which issuer notified:
15 October 2009
7. Threshold(s) that is/are crossed or reached
12%
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 |
|
|
|
Number of shares |
Number of voting Rights |
|
GB0005363014 |
31,766,975 |
31,766,975 |
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 |
Direct |
Indirect |
Direct |
Indirect |
|
GB0005363014 |
36,272,788 |
N/A |
36,272,786 |
N/A |
12.60 |
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 rightsNominalDelta |
|
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Total (A+B+C)
|
Number of voting rights |
% of voting rights |
|
36,272,786 |
12.60 |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Held by Aberforth Partners LLP
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:
N/A
14. Contact name:
Matthew Joy, Company Secretary, Low & Bonar plc
15. Contact telephone number:
0207 535 3180
Related Shares:
LWB.L