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2 Mar 2010 14:54
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"), the following restricted share awards (each an "Award") were granted over ordinary shares in the Company on 1 March 2010 to Steve Good and Kevin Higginson, directors:
|
Name of Director/PDMR |
Number of Shares under Award |
Total number of Shares held under Awards granted under the Plan following grant |
|
Steve Good |
1,397,932 |
1,837,218 |
|
Kevin Higginson |
1,073,182 |
1,403,897 |
These directors also hold awards made under the Company's Share Matching Plan, as follows:
|
Name of Director/PDMR |
Number of Shares under the Share Matching Plan |
|
Steve Good |
849,169 |
|
Kevin Higginson |
958,037 |
No consideration was paid for the grant of the Awards.
The Awards 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 Awards vest, participants may call for their 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 1 March 2010.
For further information, please contact:
Low & Bonar PLC
Matthew Joy, Company Secretary 020 7535 3180
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