LWB Low & Bonar Plc

TIDMLWB

RNS Number : 4562P

Low & Bonar PLC

03 October 2011

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): Transfer of voting rights

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 25,581,087

2. Aberforth UK Small Companies Fund 6,400,301

3. Aberforth Geared Income Trust plc 5,906,073

All shares are registered in the name of Nortrust Nominees Ltd A/c Aberforth

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

30 September 2011

6. Date on which issuer notified:

3 October 2011

7. Threshold(s) that is/are crossed or reached

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                 34,639,683             34,639,683 
 

Resulting situation after the triggering transaction

 
Class/type of 
shares if 
possible using     Number of 
the ISIN CODE       shares     Number of voting rights    % of voting rights 
                               Direct     Indirect        Direct    Indirect 
GB0005363014       37,887,461  N/A        37,887,461      N/A       13.16% 
 

B: Financial Instruments

Resulting situation after the triggering transaction

 
 Type of       Expiration   Exercise/Conversion   Number of        % of voting 
  financial     Date         Period/ Date         voting rights     rights 
  instrument                                      that may be 
                                                  acquired if 
                                                  the instrument 
                                                  is exercised/ 
                                                  converted. 
 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      Exercise   Expiration   Exercise/Conversion   Number of    % of voting rights 
 financial     price      Date         Period               voting 
 instrument                                                 rights 
                                                            instrument 
                                                            refers to 
                                                                         Nominal       % 
 N/A          N/A        N/A          N/A                   N/A          N/A              N/A 
 
 

Total (A+B+C)

 
 Number of voting rights   % of voting rights 
 37,887,461                13.16% 
 

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:

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 Exchange

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