LWB Low & Bonar Plc

TIDMLWB TIDMSDR

RNS Number : 6834Z

Low & Bonar PLC

10 February 2014

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):

3. Full name of person(s) subject to the notification obligation:

Schroders plc

4. Full name of shareholder(s) (if different from 3.):

N/A

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

06 February 2014

6. Date on which issuer notified:

07 February 2014

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

From 20% - 19%

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 
------------------------------------------------------  --------------------------------------------------- 
 
 GB0005363014                                            Number of shares       Number of voting Rights 
                                                        ---------------------  ---------------------------- 
 Ordinary 25p                                            62,161,422 62,161,422 
                                                        --------------------------------------------------- 
 
 

Resulting situation after the triggering transaction

 
Class/type of shares   Number of       Number of voting rights           % of voting rights 
 if possible using      shares 
 the ISIN CODE 
                       ----------      ---------------------------  ---  ---------------------- 
 
                                       Direct           Indirect         Direct        Indirect 
                       ----------      ---------  ----  ----------  ---  -------  ---  -------- 
 
GB0005363014           64,559,089       N/A          62,514,602         N/A          19.159% 
---------------------  ----------  -------------  ----------------  ------------  ------------- 
 
 

B: Financial Instruments

Resulting situation after the triggering transaction

 
 Type of       Expiration   Exercise/Conversion   Number of voting            % of voting 
  financial     Date         Period/ Date          rights that may             rights 
  instrument                                       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/      Number of        % of voting rights 
  financial      price       Date          Conversion     voting rights 
  instrument                               Period         instrument 
                                                          refers to 
-------------  ----------  ------------  -------------  ---------------  --------------------- 
                                                                          Nominal      Delta 
-------------  ----------  ------------  -------------  ---------------  -----------  -------- 
 CFD            N/A         N/A           N/A            2,044,137        0.626%       1 
-------------  ----------  ------------  -------------  ---------------  -----------  -------- 
 

Total (A+B+C)

 
 Number of voting rights   % of voting rights 
------------------------  ------------------- 
 64,558,739                19.785% 
------------------------  ------------------- 
 

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

   Cazenove Capital Management Limited      49,772,537         15.254% 
   Schroder Investment Management Limited 14,786,202         4.532% 

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:

The shares referred to in section 9 are held in portfolios managed by those firms on a discretionary basis for clients under investment management agreements. This disclosure has been calculated based on issue share capital amount 326,293,606.

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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