Director/PDMR Shareholding (4945Z)
March 16 2012 - 6:06AM
UK Regulatory
TIDMLWB
RNS Number : 4945Z
Low & Bonar PLC
16 March 2012
LOW & BONAR PLC (the "Company")
This notification is made in accordance with DTR
3.1.4(1)(a).
Restricted share awards (each an "Award") were granted over
ordinary shares in the Company, under the terms of the Low &
Bonar Long Term Incentive Plan, to directors of the Company on 16
March 2012:
Director Number of shares under Total number of shares
the Award held under Awards following
grant
-------------------- ----------------------- -----------------------------
Steve Good, Chief
Executive Officer 570,926 3,161,649
-------------------- ----------------------- -----------------------------
Mike Holt, Group
Finance Director 394,297 1,946,727
-------------------- ----------------------- -----------------------------
No consideration was paid for the grant of any Award.
Each Award will normally vest on the third anniversary of grant
subject to the continued employment of the participant and the
satisfaction of performance conditions set by the Remuneration
Committee of the Company. To the extent that the Award vests, the
participant may call for shares during a period of three months
from the date of vesting (or such longer period as the Remuneration
Committee of the Company may allow).
In addition to the Awards referred to above, under the terms of
the Company's Save As You Earn Scheme, Mr. Good also holds options
over 26,463 ordinary shares and Mr. Holt also holds options over
36,039 ordinary shares.
The Company was informed of the above transactions on 16 March
2012.
For further information, please contact:
Low & Bonar PLC
Matthew Joy, Company Secretary 020 7535 3180
This information is provided by RNS
The company news service from the London Stock Exchange
END
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