Low & Bonar PLC Holding(s) in Company (4901L)

TIDMLWB

RNS Number : 4901L

Low & Bonar PLC

03 October 2016

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:

STERLING STRATEGIC VALUE LIMITED

4. Full name of shareholder(s) (if different from 3.):

N/A

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

28 September 2016

6. Date on which issuer notified:

30 September 2016

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

6%

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 
                                                        ---------------------  ---------------------------- 
                                                         19,067,000 19,067,000 
                                                        --------------------------------------------------- 
 
 

Resulting situation after the triggering transaction

 
Class/type of         Number      Number of voting      % of voting 
 shares if possible    of shares   rights                rights 
 using the ISIN 
 CODE 
                      ----------  --------------------  ----------------- 
 
                                  Direct      Indirect  Direct   Indirect 
                      ----------  ----------  --------  -------  -------- 
 
GB0005363014          20,217,000  20,217,000    N/A     6.1444%    N/A 
--------------------  ----------  ----------  --------  -------  -------- 
 
 

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          rights 
  instrument                                       may 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            Exercise   Expiration   Exercise/     Number        % of voting rights 
  of financial    price      Date         Conversion    of voting 
  instrument                              Period        rights 
                                                        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 
------------------------  ------------------- 
 20,217,000                6.1444% 
------------------------  ------------------- 
 

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

Dr. Tito Tettamanti - Via San Michele 4, CH-6976 Castagnola - controls 100% of the voting rights of Gritlot Limited, Clinch's House, Lord Street, Douglas, IM99 1RZ, Isle of Man - which controls the majority of the voting rights of Sterling Strategic Value Limited - Vanterpool Plaza, 2(nd) Floor, Wickhams Cay 1 Road Town, Tortola, British Virgin Islands - which holds shares in Low & Bonar PLC.

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:

This disclosure has been calculated based on issued share capital amount of 329,033,749

14. Contact name:

Stuart Haydon, 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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October 03, 2016 05:03 ET (09:03 GMT)