23rd Oct 2007 10:16
Low & Bonar PLC23 October 2007 LOW & BONAR PLC (the 'Company) Announcement of Result of EGM The Company announces that at the extraordinary general meeting of itsshareholders held today, the resolution was duly passed. Duncan Clegg, Chairman of the Company, said following the EGM: "I am delighted that our shareholders have chosen overwhelmingly to approve theintroduction of the new incentive arrangements for our senior executive teamfollowing a comprehensive review of remuneration policy and a very wide-rangingconsultation with our shareholders. These new arrangements form part of our long-term strategy to realisesignificant future growth, both organically and, in the right circumstances,through acquisition. By requiring a significant personal investment byexecutives in the Company's shares, we believe that we have improved alignmentbetween our shareholders' interests and management's rewards". The Company has today submitted to the UKLA at the Document Viewing Facility,which is situated at 25 The North Colonnade, Canary Wharf, London, E14 5HS,copies of the resolution duly passed as at the EGM. 23 October 2007 Enquiries: Tulchan Communications GroupDavid Trenchard/Peter Hewer - 020 7353 4200 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
LWB.L