Low & Bonar PLC Director/PDMR Shareholding (1128I)

TIDMLWB

RNS Number : 1128I

Low & Bonar PLC

27 May 2014

Low & Bonar plc - Director/PDMR Shareholding

27 May 2014

Vesting of Awards Under Long-term Incentive Plan

The following Directors and Persons Discharging Managerial Responsibility (PDMRs) have been allotted ordinary shares of 5p each in the Company following the vesting of awards made in 2011 under the 2003 Low & Bonar Long-term Incentive Plan after those awards vested as to 42.9% of the total shares comprised in the award:

 
 Name                Number of shares   Percentage of issued 
                      allotted           share capital 
------------------  -----------------  --------------------- 
 Mike Holt           245,572            0.08% 
------------------  -----------------  --------------------- 
 Jan van Boldrik     130,090            0.04% 
------------------  -----------------  --------------------- 
 Orwig Speltdoorn    122,307            0.04% 
------------------  -----------------  --------------------- 
 Bart Austin         48,869             0.01% 
------------------  -----------------  ---------------------

The shares were transferred for nil value in accordance with the terms of the original awards. The shares were allotted in the name of Numis Nominees Limited (in the case of Mr Holt) and Wealth Nominees Limited, pending the sales referred to below.

Following allotment, the following individuals sold shares, partly in order to meet tax and other social security contributions due on vesting of the awards, as follows:

 
 Name                Number of shares    Percentage of issued 
                      sold                share capital 
------------------  ------------------  --------------------- 
 Bart Austin          48,869             0.01% 
-------------------  -----------------  --------------------- 
 Orwig Speltdoorn     122,307            0.04% 
-------------------  -----------------  ---------------------

All shares were sold at the price of 81.736p per share.

Following the allotment and sales referred to above, the holdings of those Directors and PDMRs in the share capital of the company were as follows:

 
 Name                Number of shares   Percentage of issued 
                                         share capital 
------------------  -----------------  --------------------- 
 Mike Holt           612,107            0.19% 
------------------  -----------------  --------------------- 
 Jan van Boldrik     337,756            0.10% 
------------------  -----------------  --------------------- 
 Bart Austin         109,741            0.03% 
------------------  -----------------  --------------------- 
 Orwig Speltdoorn    188,674            0.06% 
------------------  -----------------  ---------------------

This notification relates to a transaction notified in accordance with DR 3.1.4R(1)(a).

Name of contact and telephone number for queries:

Mr Matthew Joy: +44 (0) 207 535 3180

Name and signature of duly authorised officer of issuer responsible for making notification.

Matthew Joy, COMPANY SECRETARY

This information is provided by RNS

The company news service from the London Stock Exchange

END

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