21 Jan 2015 17:16

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TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES
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1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
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Low & Bonar PLC
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2. Reason for the notification (please place an X inside the appropriate bracket/s):
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An acquisition or disposal of voting rights: (X)
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments: ( )
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 An event changing the breakdown of voting rights: ( )
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Other (please specify): Â
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3. Full name of person(s) subject to the notification obligation:
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Schroders plc
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4. Full name of shareholder(s) (if different from 3.):
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N/A
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5. Date of the transaction (and date on which the threshold is crossed or reached if different):
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19 January 2015
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6. Date on which issuer notified:
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21 January 2015
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7. Threshold(s) that is/are crossed or reached
From 16% - 15%
8. Notified details:
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A: Voting rights attached to shares
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Class/type of shares if possible using the ISIN CODE | Situation previous to the Triggering transaction | ||
GB0005363014 | Number of shares | Number of voting Rights | |
55,701,431 53,740,794 | |||
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Resulting situation after the triggering transaction
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Class/type of shares if possible using the ISIN CODE | Number of shares | Â Â | Number of voting rights | Â Â | % of voting rights | |||||
  | Direct |   | Indirect |   | Direct | Indirect | ||||
52,074,731 | N/A | 50,114,094 | N/A | 15.287% | ||||||
GB0005363014 | ||||||||||
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B: Financial Instruments
Resulting situation after the triggering transaction
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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 |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
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Type of financial instrument | Exercise price | Expiration Date | Exercise/ Conversion Period | Number of voting rights instrument refers to | % of voting rights  | |
Nominal | Delta | |||||
CFD | N/A | N/A | N/A | 1,960,637 | 0.598% | 1 |
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Total (A+B+C)
Number of voting rights | % of voting rights  |
52,074,731 | 15.885% |
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9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
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Schroder & Co. Limited 10,000 0.003%
Schroder Investment Management Limited 52,064,731 15.882%
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Proxy Voting:
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10. Name of the proxy holder:
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N/A
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11. Number of voting rights proxy holder will cease to hold:
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N/A
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12. Date on which proxy holder will cease to hold voting rights:
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N/A
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13. Additional information:
The shares referred to in section 9 are held in portfolios managed by those firms on a discretionary basis for clients under investment management agreements. This disclosure has been calculated based on issue share capital amount 327,813,741
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14. Contact name:
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Matthew Joy, Company Secretary, Low & Bonar PLC
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15. Contact telephone number:
0207 535 3180