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15 Nov 2011 09:04
TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Low & Bonar PLC
2. Reason for the notification (please place an X inside the appropriate bracket/s):
An acquisition or disposal of voting rights: ( X)
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments: ( )
An event changing the breakdown of voting rights: ( )
Other (please specify):
3. Full name of person(s) subject to the notification obligation:
Prudential plc group of companies
4. Full name of shareholder(s) (if different from 3.):
Percentage holdings are calculated using 287,927,609 Total Voting Rights
Prudential plc
Holding Type: Direct
Voting Rights: 28,724,862
% Voting Rights: 9.97
Registered Holder | Holding | Voting Rights | |
PRUCLT HSBC GIS NOM(UK) PAC AC | 6,971,347 | 6,971,347 | |
PRUCLT HSBC GIS NOM(UK) PPL AC | 3,358,388 | 3,358,388 | |
STATE STREET NOMS LTD A/C GMGP | 6,134,291 | 6,134,291 | |
STATE STREET NOMS LTD A/C GMIF | 66,553 | 66,553 | |
STATE STREET NOMS LTD A/C GMIG | 4,250,000 | 4,250,000 | |
STATE STREET NOMS LTD A/C GMIN | 1,590,043 | 1,590,043 | |
STATE STREET NOMS LTD A/C GMIR | 6,190,227 | 6,190,227 | |
STATE STREET NOMS LTD A/C MGCP | 164,013 | 164,013 | |
SUB TOTAL | 28,724,862 | 28,724,862 | |
Percentage holdings are calculated using 287,927,609 Total Voting Rights
M&G Group Limited
Voting Rights: 28,724,862
% Voting Rights: 9.97
Registered Holder | Holding | Voting Rights |
PRUCLT HSBC GIS NOM(UK) PAC AC | 6,971,347 | 6,971,347 |
PRUCLT HSBC GIS NOM(UK) PPL AC | 3,358,388 | 3,358,388 |
STATE STREET NOMS LTD A/C GMGP | 6,134,291 | 6,134,291 |
STATE STREET NOMS LTD A/C GMIF | 66,553 | 66,553 |
STATE STREET NOMS LTD A/C GMIG | 4,250,000 | 4,250,000 |
STATE STREET NOMS LTD A/C GMIN | 1,590,043 | 1,590,043 |
STATE STREET NOMS LTD A/C GMIR | 6,190,227 | 6,190,227 |
STATE STREET NOMS LTD A/C MGCP | 164,013 | 164,013 |
Percentage holdings are calculated using 287,927,609 Total Voting Rights
M&G Investment Management Limited
Voting Rights: 28,658,309
% Voting Rights: 10.62
Registered Holder | Holding | Voting Rights |
PRUCLT HSBC GIS NOM(UK) PAC AC | 6,971,347 | 6,971,347 |
PRUCLT HSBC GIS NOM(UK) PPL AC | 3,358,388 | 3,358,388 |
STATE STREET NOMS LTD A/C GMGP | 6,134,291 | 6,134,291 |
STATE STREET NOMS LTD A/C GMIG | 4,250,000 | 4,250,000 |
STATE STREET NOMS LTD A/C GMIN | 1,590,043 | 1,590,043 |
STATE STREET NOMS LTD A/C GMIR | 6,190,227 | 6,190,227 |
STATE STREET NOMS LTD A/C MGCP | 164,013 | 164,013 |
Percentage holdings are calculated using 287,927,609 Total Voting Rights
M&G Limited
Voting Rights: 28,724,862
% Voting Rights: 9.97
Registered Holder | Holding | Voting Rights |
PRUCLT HSBC GIS NOM(UK) PAC AC | 6,971,347 | 6,971,347 |
PRUCLT HSBC GIS NOM(UK) PPL AC | 3,358,388 | 3,358,388 |
STATE STREET NOMS LTD A/C GMGP | 6,134,291 | 6,134,291 |
STATE STREET NOMS LTD A/C GMIF | 66,553 | 66,553 |
STATE STREET NOMS LTD A/C GMIG | 4,250,000 | 4,250,000 |
STATE STREET NOMS LTD A/C GMIN | 1,590,043 | 1,590,043 |
STATE STREET NOMS LTD A/C GMIR | 6,190,227 | 6,190,227 |
STATE STREET NOMS LTD A/C MGCP | 164,013 | 164,013 |
Percentage holdings are calculated using 287,927,609 Total Voting Rights
The Prudential Assurance Company Limited
Voting Rights: 10,329,735
% Voting Rights: 3.58
Registered Holder | Holding | Voting Rights |
PRUCLT HSBC GIS NOM(UK) PAC AC | 6,971,347 | 6,971,347 |
PRUCLT HSBC GIS NOM(UK) PPL AC | 3,358,388 | 3,358,388 |
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
11 November 2011
6. Date on which issuer notified:
14 November 2011
7. Threshold(s) that is/are crossed or reached
10% - 9%
8. Notified details:
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE | Situation previous to the Triggering transaction | |
Number of shares | Number of voting Rights | |
GB0005363014
| 29,234,862 | 29,234,862 |
Resulting situation after the triggering transaction
Class/type of shares if possible using the ISIN CODE | Number of shares | Number of voting rights | % of voting rights | ||
Direct | Indirect | Direct | Indirect | ||
GB0005363014
| 28,724,862 | 28,724,862 | N/A | 9.97% | N/A |
B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument | Expiration Date | Exercise/Conversion Period/ Date | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
N/A | N/A | N/A | N/A | N/A |
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument | Exercise price | Expiration Date | Exercise/Conversion Period | Number of voting rights instrument refers to | % of voting rights
| ||
Nominal | % | ||||||
N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Total (A+B+C)
Number of voting rights | % of voting rights |
28,724,862 | 9.97% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Prudential plc (parent Company)
M&G Group Limited (wholly owned subsidiary of Prudential plc)
M&G Limited (wholly owned subsidiary of M&G Group Limited)
M&G Investment Management Limited (wholly owned subsidiary of M&G Limited)
The Prudential Assurance Company Limited (wholly owned subsidiary of Prudential plc)
Proxy Voting:
10. Name of the proxy holder:
N/A
11. Number of voting rights proxy holder will cease to hold:
N/A
12. Date on which proxy holder will cease to hold voting rights:
N/A
13. Additional information:
14. Contact name:
Matthew Joy, Company Secretary, Low & Bonar PLC
15. Contact telephone number:
0207 535 3184
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