Low & Bonar PLC Holding(s) in Company (8570W)

TIDMLWB TIDMPRU

RNS Number : 8570W

Low & Bonar PLC

24 August 2015

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.):

Prudential plc

M&G Group Limited

M&G Investment Management Limited

M&G Limited

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

19 August 2015

6. Date on which issuer notified:

21 August 2015

7. Threshold(s) that is/are crossed or reached

See item 13

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 
------------------------------------------------------  --------------------------------------------------- 
 
 GB0005363014                                            Number of shares       Number of voting Rights 
                                                        ---------------------  ---------------------------- 
                                                         24,726,471 24,726,471 
                                                        --------------------------------------------------- 
 
 

Resulting situation after the triggering transaction

 
Class/type of shares   Number of        Number of voting rights           % of voting rights 
 if possible using      shares 
 the ISIN CODE 
                       ----------  ---  ---------------------------  ---  ---------------------- 
 
                                        Direct           Indirect         Direct        Indirect 
                       ----------  ---  ---------  ----  ----------  ---  -------  ---  -------- 
 
GB0005363014           22,756,471    22,756,471           0             6.92%            0 
---------------------  ----------  --------------  ----------------  ------------  ------------- 
 
 

B: Financial Instruments

Resulting situation after the triggering transaction

 
 Type of       Expiration   Exercise/Conversion   Number of voting            % of voting 
  financial     Date         Period/ Date          rights that may             rights 
  instrument                                       be acquired if 
                                                   the instrument 
                                                   is exercised/ converted. 
------------  -----------  --------------------  --------------------------  ------------ 
 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       Exercise   Expiration   Exercise/     Number of        % of voting rights 
  financial     price      Date         Conversion    voting rights 
  instrument                            Period        instrument 
                                                      refers to 
------------  ---------  -----------  ------------  ---------------  --------------------- 
                                                                      Nominal      Delta 
------------  ---------  -----------  ------------  ---------------  -----------  -------- 
 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 
------------------------  ------------------- 
 22,756,471                6.92% 
------------------------  ------------------- 
 

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Prudential plc (parent Company) - 22,756,471 (6.92%)

M&G Group Limited (wholly owned subsidiary of Prudential plc) - 22,756,471 (6.92%)

M&G Limited (wholly owned subsidiary of M&G Group Limited) - 22, 756,741 (6.92%)

M&G Investment Management Limited (wholly owned subsidiary of M&G Limited) - 22,756,471 (6.92%)

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:

M&G Securities Limited (wholly owned subsidiary of M&G Investment Management Limited) has moved below 5% triggering this notification.

14. Contact name:

Matthew Joy, Company Secretary, Low & Bonar PLC

15. Contact telephone number:

0207 535 3180

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 24, 2015 05:10 ET (09:10 GMT)