29 Apr 2014 14:00
29April 2014
Low & Bonar PLC
Low & Bonar PLC (the "Company"), the international performance materials group, has invited its eligible UK employees to apply for share options over ordinary shares in the Company under the terms of the Low & Bonar 1997 Sharesave Scheme and 2007 International Sharesave Scheme. Based on the applications received, share options have been granted today, 29 April 2014 and include the following grants:
M Holt (Director) has applied in the three-year scheme receiving an option to subscribe for up to 6,540 ordinary shares.
J van Boldrik (PDMR) has applied in the three-year scheme receiving an option to subscribe for up to 12,973 ordinary shares.
The scheme contracts start on 1 June 2014 with all options having been granted on 29 April 2014 at an exercise price of 68.8p per share. The exercise price represents a discount of 20% to the closing price of the ordinary shares on 31 March 2014, the relevant dealing day for pricing options under the scheme rules before the invitation to employees was made. The permitted exercise period for three-year contracts is for a period of six months from 1 June 2017.
Low & Bonar PLC
Matthew Joy, Company Secretary 020 7535 3180