LWB.L Regulatory News (LWB)

17 Oct 2008 16:47



Low & Bonar PLC 

17 October 2008 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL 

RESPONSIBILITY OR CONNECTED PERSONS 

This form is intended for use by an issuer to make a RIS notification required 

by DR 3.1.4R(1). 

 (1) An issuer making a notification in respect of a transaction relating to 

the shares or debentures of the issuer should complete boxes 1 to 16, 23 

and 24. 

 (2) An issuer making a notification in respect of a derivative relating to the 

shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 

and 24. 

 (3) An issuer making a notification in respect of options granted to a 

director/person discharging managerial responsibilities should complete 

boxes 1 to 3 and 17 to 24. 

 (4) An issuer making a notification in respect of a financial instrument 

relating to the shares of the issuer (other than a debenture) should 

complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. 

Please complete all relevant boxes in block capital letters. 

1. Name of the issuer 

Low & Bonar PLC 

2. State whether the notification relates to:

(i) a transaction notified in accordance with DR 3.1.4R(1)(a); or 

(ii) DR 3.1.4R(1)(b) a disclosure made in accordance with section 793 of the Companies Act 2006; or 

(iii) both (i) and (ii) 

(iii) 

3. Name of person discharging managerial responsibilities/director 

MAIN BOARD DIRECTOR: MR PAUL A FORMAN, GROUP CHIEF EXECUTIVE 

4. State whether notification relates to a person connected with a person 

discharging managerial responsibilities/director named in 3 and identify the 

connected person 

DIRECTOR NAME IN 3 ABOVE 

5. Indicate whether the notification is in respect of a holding of the person 

referred to in 3 or 4 above or in respect of a non-beneficial interest 

IN RESPECT OF PERSON NAMED IN 3 ABOVE 

6. Description of shares (including class), debentures or derivatives or 

financial instruments relating to shares 

ORDINARY 25 PENCE SHARES 

7. Name of registered shareholders(s) and, if more than one, the number of 

shares held by each of them 

MR PAUL A. FORMAN 

8 State the nature of the transaction 

SALE OF 179,841 SHARES, BEING 50% OF THE 359,682 SHARES ALLOTTED TO MR FORMAN UNDER AN AWARD MADE ON 5 SEPTEMBER 2005 UNDER THE LOW & BONAR 2003 LONG TERM INCENTIVE PLAN ("THE PLAN") AND RELEASED TO HIM ON 2 OCTOBER 2008.

MR FORMAN HAS SOLD 179,841 SHARES PRINCIPALLY TO COVER INCOME TAX AND EMPLOYEES NATIONAL INSURANCE PAYABLE ON THE VESTING OF THESE SHARES.   

9. Number of shares, debentures or financial instruments relating to shares 

acquired 

N/A

10. Percentage of issued class acquired (treasury shares of that class should 

not be taken into account when calculating percentage) 

N/A

11. Number of shares, debentures or financial instruments relating to shares 

disposed 

179,841 

12. Percentage of issued class disposed (treasury shares of that class should 

not be taken into account when calculating percentage) 

0.12%

13. Price per share or value of transaction 

179,841 SHARES SOLD AT 68 PENCE PER ORDINARY SHARE

14. Date and place of transaction 

16 OCTOBER 2008, LONDON 

15. Total holding following notification and total percentage holding following 

notification (any treasury shares should not be taken into account when 

calculating percentage) 

792,523 (0.51%) 

16. Date issuer informed of transaction 

16 OCTOBER 2008 

 If a person discharging managerial responsibilities has been granted options by 

the issuer complete the following boxes 

17 Date of grant 

.................................... 

18. Period during which or date on which it can be exercised 

.................................... 

19. Total amount paid (if any) for grant of the option 

.................................... 

20. Description of shares or debentures involved (class and number) 

.................................... 

.................................... 

21. Exercise price (if fixed at time of grant) or indication that price is to be 

fixed at the time of exercise 

.................................... 

22. Total number of shares or debentures over which options held following 

notification 

.................................... 

23. Any additional information 

.................................... 

24. Name of contact and telephone number for queries 

MATTHEW JOY, 020 7535 3180 

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

notification 

MATTHEW JOY, COMPANY SECRETARY 

Date of notification 

17 OCTOBER 2008

END