19th Nov 2007 13:57
Low & Bonar PLC19 November 2007 TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to whichvoting 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 financial instruments which may result in theacquisition of shares already issued to which voting rights are attached: ( ) An event changing the breakdown of voting rights: ( ) Other (please specify) : ( ) ................. 3. Full name of person(s) subject to the notification obligation: BT pension Scheme Trustees Limited as trustee of the BT Pension Scheme. 4. Full name of shareholder(s) (if different from 3.) : Hermes UK Small Companies Focus Fund. 5. Date of the transaction (and date on which the threshold is crossed orreached if different): 16/11/2007 6. Date on which issuer notified: 19/11/2007 7. Threshold(s) that is/are crossed or reached 7% 8. Notified details: A: Voting rights attached to shares Class/type of shares if possible using Situation previous to the Triggeringthe ISIN CODE transaction Number of Number of voting shares Rights 0536301 10,682,048 10,682,048GB0005363014 Resulting situation after the triggering transaction Class/type of shares if possible Number of Number of voting % of votingusing the ISIN CODE shares rights rights Direct Direct Indirect Direct Indirect 0536301 0 0 11,005,909 0% 7.148%GB0005363014 B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ Number of voting rights that may % offinancial Date Conversion be acquired if the instrument is votinginstrument Period/ Date exercised/ converted. rights N/A N/A N/A N/A N/A Total (A+B) Number of voting rights % of voting rights 11,005,909 7.148% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: BT Pension Scheme Trustees Limited is the parent undertaking of Britel FundTrustees Limited, which is the parent undertaking of Hermes Pension ManagementLimited. Hermes Pensions Management Limited is the parent undertaking of: 1. Hermes Investment Management Limited (voting rights held in issuer:0.074%) 2. Hermes Focus Asset Management Limited (Voting rights held in thisissuer: 6.763%) 3. Hermes Assured Limited (included with number 1) 4. Hermes Equity Ownership Services Limited (voting rights held in thisissuer: 0.311%) Proxy Voting: 10. Name of the proxy holder: See Comment in Section 13. 11. Number of voting rights proxy holder will cease to hold: See Comment in Section 13. 12. Date on which proxy holder will cease to hold voting rights: See Comment in Section 13. 13. Additional information: Hermes Investment Management Limited hold the voting rights under a standingproxy contained in investment management agreements with various underlyingclients, which includes all the shares owned directly by BT Pension scheme. Hermes Focus Asset Management Limited hold the voting rights as General Partnerunder a standing proxy contained in limited partnership agreements with variouslimited partnerships. Hermes Equity Ownership Services Limited hold the voting rights under a standingproxy contained in services agreements for the provision of corporate governanceservices to various underlying clients. All voting rights held on behalf of the above entities are aggregated for thepurposes of DTR 5.2.1(a) and disclosed pursuant to DTR 5.1.5 This disclosure is made by BT Pension Scheme Trustees Limited, which is theultimate parent undertaking for the purposes of DTR 5.2.1(e) 14. Contact name: Matthew Joy, Company Secretary, Low & Bonar plc 15. Contact telephone number: 0207 535 3180 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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