Source - RNS
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 shares if possible using the ISIN CODE

Number of shares

 

 

Number of voting rights

 

 

% of voting rights








 

 

Direct

 

 

Indirect

 

 

Direct


Indirect

20,217,000

20,217,000

N/A

6.1444%

N/A

GB0005363014

 

                                                                               

B: Financial Instruments

Resulting situation after the triggering transaction

 

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

 

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

 

Type of financial instrument

Exercise price

Expiration Date



Exercise/ Conversion Period


Number of voting rights instrument refers to

% of voting rights

 

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, 2nd 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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