7th Jul 2006 17:56
Low & Bonar PLC07 July 2006 NOT FOR DISTRIBUTION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN OR INTO THEUNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF IRELAND OR THE REPUBLICOF SOUTH AFRICA. For immediate release 7 July 2005 Low and Bonar PLC ("Low and Bonar") Proposed Class 1 Acquisition Circular and Rights Issue Prospectus posted to shareholders Further to the announcement dated 7 July 2006 regarding the proposed Acquisitionof Colbond Investments B.V. and Rights Issue to raise £41.2 million (net ofexpenses), the Board of Low and Bonar announces that a circular (the"Circular"), setting out information regarding the Acquisition, and a prospectus(the "Prospectus"), setting out the full terms and conditions of the RightsIssue, including the procedure for acceptance and payment, the procedure inrespect of rights not taken up and convening an extraordinary general meeting tobe held on Monday, 24 July 2006 to approve the Rights Issue, are being posted toholders of Ordinary Shares in Low and Bonar today. Application has been made to the UK Listing Authority and to the London StockExchange for up to 50,952,569 new Ordinary Shares to be admitted to the OfficialList and to be admitted to trading on the London Stock Exchange's market forlisted securities. An expected timetable of principal events is set out in theProspectus. Copies of the Prospectus and Circular have been submitted to the UK ListingAuthority and will shortly be available for inspection at the UK ListingAuthority's Document Viewing Facility which is situated at: Financial ServicesAuthority, 25 The North Colonnade, Canary Wharf, London E14 5HS, telephone 0207066 1000. Certain terms used in this announcement are defined and will have the samemeaning as in the Prospectus and / or Circular. Enquiries: Paul Forman Low & Bonar PLC 020 7535 3180 David Armfield PricewaterhouseCoopers LLP 020 7583 5000Jonathan Raggett Tom Willett ABN AMRO Corporate Finance Limited 020 7678 8000Richard Walker Tim Rowntree Hoare Govett Limited 020 7678 8000 Dickie Hall Numis Securities Limited 020 7776 1500Iain McDonald David Trenchard Tulchan Communications Group Ltd 020 7353 4200Peter Hewer The release, publication or distribution of this announcement in certainjurisdictions may be restricted by law and therefore persons in suchjurisdictions into which this announcement is released, published or distributedshould inform themselves about and observe such restrictions. THIS ANNOUNCEMENT DOES NOT CONSTITUTE, OR FORM PART OF, AN OFFER TO SELL OR THESOLICITATION OF AN OFFER TO SUBSCRIBE FOR OR BUY ANY SECURITIES, NOR THESOLICITATION OF ANY VOTE OR APPROVAL IN ANY JURISDICTION, NOR SHALL THERE BE ANYSALE, ISSUE OR TRANSFER OF THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT INANY JURISDICTION IN CONTRAVENTION OF APPLICABLE LAW. NOT FOR DISTRIBUTION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN OR INTO THEUNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF IRELAND OR THE REPUBLICOF SOUTH AFRICA. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
LWB.L