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26 Aug 2014 14:00
LOW & BONAR PLC (the "Company")
This notification is made in accordance with DTR 3.1.4(1)(a).
A nil cost option (an "Option") was granted over ordinary shares in the Company, under the terms of the 2013 Low & Bonar Long Term Incentive Plan (the "Plan"), to a director of the Company on 26 August 2014 as follows:
Director | Number of shares under the Option | Total number of shares held under options and other awards following grant |
Brett Simpson, director | 542,168 | 542,168 |
No consideration was paid for the grant of the Option.
The Option 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 Option vests, the participant may call for shares during a period of five years from the date of vesting (or such longer period as the Remuneration Committee of the Company may allow).
For further information, please contact:
Low & Bonar PLC
Matthew Joy, Company Secretary 020 7535 3180
LWB.L (LWB)
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