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22 Nov 2010 12:27
LOW & BONAR PLC (the "Company")
This notification is made in accordance with DTR 3.1.4(1)(a).
Under the terms of the Low & Bonar Long Term Incentive Plan (the "Plan"), a restricted share award (an "Award") was granted over 980,000 ordinary shares in the Company on 22 November 2010 to Mike Holt, Group Finance Director. No consideration was paid for the grant of the Award.
The 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, Mr. Holt 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).
The Company was informed of the above transactions on 22 November 2010.
For further information, please contact:
Low & Bonar PLC
Matthew Joy, Company Secretary 020 7535 3180
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