28 Mar 2017 10:13
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
28 March 2017
Low & Bonar PLC
("Low & Bonar" or the "Company")
Director Share Purchase
Low & Bonar has been informed that Michael Powell, Non-executive Director and Chairman of the Audit Committee, today acquired on market 14,000 ordinary shares of 5 pence each in the Company at a price of 71 pence per share and a further 11,000 ordinary shares at a price of 70.5 pence per share. Following this acquisition, Mr Powell has a beneficial interest in 25,000 ordinary shares in the Company, representing 0.008% of the Company's issued share capital.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name: | Michael Powell | ||||||
2. | Reason for the notification | |||||||
a) | Position/status: | Non-executive Director | ||||||
b) | Initial notification/Amendment: | Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name: | Low & Bonar PLC | ||||||
b) | LEI: | 213800CALFKOEL7N7P10 | ||||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
a) | Description of the financial instrument, type of instrument:
|
Ordinary shares of 5p each
| ||||||
b) | Nature of the transaction: | Acquisition of shares | ||||||
c) | Price(s) and volume(s): |
| ||||||
d) | Aggregated information: Aggregated volume: Price: |
| ||||||
e) | Date of the transaction: | 28 March 2017 | ||||||
f) | Place of the transaction: | London Stock Exchange | ||||||
LWB.L (LWB)