19 Jul 2012 15:33

Â
TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES
Â
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Low & Bonar PLC
Â
2. Reason for the notification (please place an X inside the appropriate bracket/s):
Â
An acquisition or disposal of voting rights: ( X)
Â
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )
Â
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments: ( )
Â
 An event changing the breakdown of voting rights: ( )
Â
Other (please specify): Transfer of voting rights
Â
Â
3. Full name of person(s) subject to the notification obligation:
Â
Aberforth Partners LLP
Â
4. Full name of shareholder(s) (if different from 3.):
Shareholder Shares
1. Aberforth Smaller Companies Trust plc 23,208,808
2. Aberforth UK Small Companies Fund 5,092,062
3. Aberforth Geared Income Trust plc 5,957,673
Â
Â
All shares are registered in the name of Nortrust Nominees Ltd A/c Aberforth
Â
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
Â
18 July 2012
Â
6. Date on which issuer notified:
Â
19 July 2012
Â
7. Threshold(s) that is/are crossed or reached
12%
Â
8. Notified details:
Â
Â
A: Voting rights attached to shares
Â
Class/type of shares if possible using the ISIN CODE | Situation previous to the Triggering transaction | |
Number of shares | Number of voting Rights | |
GB0005363014 Â | 35,721,761 | 35,721,761 |
Â
Â
Resulting situation after the triggering transaction
Â
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 | 34,258,433 | N/A | 34,258,433 | N/A | 11.90% |
Â
B: Financial Instruments
Resulting situation after the triggering transaction
Â
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 |
Â
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Â
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 | |
Â
Â
Â
Â
Â
Â
Â
Total (A+B+C)
Number of voting rights | % of voting rights |
34,258,433 | 11.90% |
Â
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Â
Held by Aberforth Partners LLP
Â
Proxy Voting:
Â
10. Name of the proxy holder:
Â
N/A
Â
11. Number of voting rights proxy holder will cease to hold:
Â
N/A
Â
12. Date on which proxy holder will cease to hold voting rights:
Â
N/A
Â
13. Additional information:
Â
14. Contact name:
Â
Matthew Joy, Company Secretary, Low & Bonar PLC
Â
15. Contact telephone number:
0207 535 3180