LWB Low & Bonar Plc

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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