3rd Nov 2009 09:32
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:
Prudential plc group of companies
4. Full name of shareholder(s) (if different from 3.) :
|
Registered Holder |
Holding |
% |
|
|
Prudential plc |
35,580,455 |
12.35 |
|
|
ORD GBP 0.05 |
0536301 |
||
|
NORTRUST NOMINEE LTD A/C MHF01 |
36,553 |
||
|
NORTURST NOMINEE LTD A/C MKM01 |
4,145,845 |
||
|
NORTRUST NOMS LTD |
9,053,655 |
||
|
NORTRUST NOMS LTD A/C MVA01 |
2,636,323 |
||
|
NORTRUST NOMS LTD A/C MVB01 |
2,081,131 |
||
|
NORTRUST NOMS LTD A/C PUC01 |
1,877,894 |
||
|
NORTRUST NOMS LTD A/C PUQ01 |
4,334,291 |
||
|
PRUCLT HSBC GIS NOM(UK) PAC AC |
8,867,064 |
||
|
PRUCLT HSBC GIS NOM(UK) PPL AC |
2,547,699 |
||
|
M&G Group Limited |
0536301 |
35,580,455 |
12.35 |
|
ORD GBP 0.05 |
NORTURST NOMINEE LTD A/C MHF01 |
36,553 |
|
|
NORTURST NOMINEE LTD A/C MKM01 |
4,145,845 |
||
|
NORTRUST NOMS LTD |
9,053,655 |
||
|
NORTRUST NOMS LTD A/C MVA01 |
2,636,323 |
||
|
NORTRUST NOMS LTD A/C MVB01 |
2,081,131 |
||
|
NORTRUST NOMS LTD A/C PUC01 |
1,877,894 |
||
|
NORTRUST NOMS LTD A/C PUQ01 |
4,334,291 |
||
|
PRUCLT HSBC GIS NOM(UK) PAC AC |
8,867,064 |
||
|
PRUCLT HSBC GIS NOM(UK) PPL AC |
2,547,699 |
||
|
M&G Investment Management Limited |
0536301 |
35,543,902 |
12.34 |
|
ORD GBP 0.05 |
NORTURST NOMINEE LTD A/C MKM01 |
4,145,845 |
|
|
NORTRUST NOMS LTD |
9,053,655 |
||
|
NORTRUST NOMS LTD A/C MVA01 |
2,636,323 |
||
|
NORTRUST NOMS LTD A/C MVB01 |
2,081,131 |
||
|
NORTRUST NOMS LTD A/C PUC01 |
1,877,894 |
||
|
NORTRUST NOMS LTD A/C PUQ01 |
4,334,291 |
||
|
PRUCLT HSBC GIS NOM(UK) PAC AC |
8,867,064 |
||
|
PRUCLT HSBC GIS NOM(UK) PPL AC |
2,547,699 |
||
|
M&G Limited |
0536301 |
35,580,455 |
12.35 |
|
ORD GBP 0.05 |
NORTURST NOMINEE LTD A/C MHF01 |
36,553 |
|
|
NORTURST NOMINEE LTD A/C MKM01 |
4,145,845 |
||
|
NORTRUST NOMS LTD |
9,053,655 |
||
|
NORTRUST NOMS LTD A/C MVA01 |
2,636,323 |
||
|
NORTRUST NOMS LTD A/C MVB01 |
2,081,131 |
||
|
NORTRUST NOMS LTD A/C PUC01 |
1,877,894 |
||
|
NORTRUST NOMS LTD A/C PUQ01 |
4,334,291 |
||
|
PRUCLT HSBC GIS NOM(UK) PAC AC |
8,867,064 |
||
|
PRUCLT HSBC GIS NOM(UK) PPL AC |
2,547,699 |
||
|
Prudential Unit Trusts Limited |
0536301 |
15,265,840 |
5.30 |
|
ORD GBP 0.05 |
NORTRUST NOMS LTD |
9,053,655 |
|
|
NORTRUST NOMS LTD A/C PUC01 |
1,877,894 |
||
|
NORTRUST NOMS LTD A/C PUQ01 |
4,334,291 |
||
|
The Prudential Assurance Company Limited |
0536301 |
11,414,763 |
3.96 |
|
ORD GBP 0.05 |
PRUCLT HSBC GIS NOM(UK) PAC AC |
8,867,763 |
|
|
PRUCLT HSBC GIS NOM(UK) PPL AC |
2,547,699 |
||
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
30 October 2009
6. Date on which issuer notified:
2 November 2009
7. Threshold(s) that is/are crossed or reached
See item 13
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 |
35,696,727 |
35,696,727 |
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 |
35,580,455 |
35,580,455 |
N/A |
12.35 |
N/A |
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 |
|
35,580,455 |
12.35 |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Prudential plc (Parent Company)
M&G Group Limited (wholly owned subsidiary of Prudential plc)
M&G Limited (wholly owned subsidiary of M&G Group Limited)
M&G Investment Management Limited (wholly owned subsidiary of M&G Limited)
Prudential Unit Trusts Limited (wholly owned subsidiary of M&G Limited)
The Prudential Assurance Company Limited (wholly owned subsidiary of Prudential plc)
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:
As per 5.1.2, the non-exempt holdings for Prudential plc have dropped below 4% triggering this notification.
14. Contact name:
Matthew Joy, Company Secretary, Low & Bonar plc
15. Contact telephone number:
0207 535 3180
Related Shares:
LWB.LPrudential