TIDMLWB TIDMPRU
RNS Number : 8444B
Low & Bonar PLC
03 November 2009
?
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.) :
+----------------------+---------------------------------+------------+--------+
| | Registered Holder | Holding | % |
+----------------------+---------------------------------+------------+--------+
| Prudential plc | | 35,580,455 | 12.35 |
+----------------------+---------------------------------+------------+--------+
| ORD GBP 0.05 | 0536301 | | |
+----------------------+---------------------------------+------------+--------+
| | NORTRUST NOMINEE LTD A/C MHF01 | 36,553 | |
+----------------------+---------------------------------+------------+--------+
| | NORTURST NOMINEE LTD A/C MKM01 | 4,145,845 | |
+----------------------+---------------------------------+------------+--------+
| | NORTRUST NOMS LTD | 9,053,655 | |
+----------------------+---------------------------------+------------+--------+
| | NORTRUST NOMS LTD A/C MVA01 | 2,636,323 | |
+----------------------+---------------------------------+------------+--------+
| | NORTRUST NOMS LTD A/C MVB01 | 2,081,131 | |
+----------------------+---------------------------------+------------+--------+
| | NORTRUST NOMS LTD A/C PUC01 | 1,877,894 | |
+----------------------+---------------------------------+------------+--------+
| | NORTRUST NOMS LTD A/C PUQ01 | 4,334,291 | |
+----------------------+---------------------------------+------------+--------+
| | PRUCLT HSBC GIS NOM(UK) PAC AC | 8,867,064 | |
+----------------------+---------------------------------+------------+--------+
| | PRUCLT HSBC GIS NOM(UK) PPL AC | 2,547,699 | |
+----------------------+---------------------------------+------------+--------+
| | | | |
+----------------------+---------------------------------+------------+--------+
| M&G Group Limited | 0536301 | 35,580,455 | 12.35 |
+----------------------+---------------------------------+------------+--------+
| ORD GBP 0.05 | NORTURST NOMINEE LTD A/C MHF01 | 36,553 | |
+----------------------+---------------------------------+------------+--------+
| | NORTURST NOMINEE LTD A/C MKM01 | 4,145,845 | |
+----------------------+---------------------------------+------------+--------+
| | NORTRUST NOMS LTD | 9,053,655 | |
+----------------------+---------------------------------+------------+--------+
| | NORTRUST NOMS LTD A/C MVA01 | 2,636,323 | |
+----------------------+---------------------------------+------------+--------+
| | NORTRUST NOMS LTD A/C MVB01 | 2,081,131 | |
+----------------------+---------------------------------+------------+--------+
| | NORTRUST NOMS LTD A/C PUC01 | 1,877,894 | |
+----------------------+---------------------------------+------------+--------+
| | NORTRUST NOMS LTD A/C PUQ01 | 4,334,291 | |
+----------------------+---------------------------------+------------+--------+
| | PRUCLT HSBC GIS NOM(UK) PAC AC | 8,867,064 | |
+----------------------+---------------------------------+------------+--------+
| | PRUCLT HSBC GIS NOM(UK) PPL AC | 2,547,699 | |
+----------------------+---------------------------------+------------+--------+
| | | | |
+----------------------+---------------------------------+------------+--------+
| M&G Investment | 0536301 | 35,543,902 | 12.34 |
| Management Limited | | | |
+----------------------+---------------------------------+------------+--------+
| ORD GBP 0.05 | NORTURST NOMINEE LTD A/C MKM01 | 4,145,845 | |
+----------------------+---------------------------------+------------+--------+
| | NORTRUST NOMS LTD | 9,053,655 | |
+----------------------+---------------------------------+------------+--------+
| | NORTRUST NOMS LTD A/C MVA01 | 2,636,323 | |
+----------------------+---------------------------------+------------+--------+
| | NORTRUST NOMS LTD A/C MVB01 | 2,081,131 | |
+----------------------+---------------------------------+------------+--------+
| | NORTRUST NOMS LTD A/C PUC01 | 1,877,894 | |
+----------------------+---------------------------------+------------+--------+
| | NORTRUST NOMS LTD A/C PUQ01 | 4,334,291 | |
+----------------------+---------------------------------+------------+--------+
| | PRUCLT HSBC GIS NOM(UK) PAC AC | 8,867,064 | |
+----------------------+---------------------------------+------------+--------+
| | PRUCLT HSBC GIS NOM(UK) PPL AC | 2,547,699 | |
+----------------------+---------------------------------+------------+--------+
| | | | |
+----------------------+---------------------------------+------------+--------+
| M&G Limited | 0536301 | 35,580,455 | 12.35 |
+----------------------+---------------------------------+------------+--------+
| ORD GBP 0.05 | NORTURST NOMINEE LTD A/C MHF01 | 36,553 | |
+----------------------+---------------------------------+------------+--------+
| | NORTURST NOMINEE LTD A/C MKM01 | 4,145,845 | |
+----------------------+---------------------------------+------------+--------+
| | NORTRUST NOMS LTD | 9,053,655 | |
+----------------------+---------------------------------+------------+--------+
| | NORTRUST NOMS LTD A/C MVA01 | 2,636,323 | |
+----------------------+---------------------------------+------------+--------+
| | NORTRUST NOMS LTD A/C MVB01 | 2,081,131 | |
+----------------------+---------------------------------+------------+--------+
| | NORTRUST NOMS LTD A/C PUC01 | 1,877,894 | |
+----------------------+---------------------------------+------------+--------+
| | NORTRUST NOMS LTD A/C PUQ01 | 4,334,291 | |
+----------------------+---------------------------------+------------+--------+
| | PRUCLT HSBC GIS NOM(UK) PAC AC | 8,867,064 | |
+----------------------+---------------------------------+------------+--------+
| | PRUCLT HSBC GIS NOM(UK) PPL AC | 2,547,699 | |
+----------------------+---------------------------------+------------+--------+
| | | | |
+----------------------+---------------------------------+------------+--------+
| Prudential Unit | 0536301 | 15,265,840 | 5.30 |
| Trusts Limited | | | |
+----------------------+---------------------------------+------------+--------+
| ORD GBP 0.05 | NORTRUST NOMS LTD | 9,053,655 | |
+----------------------+---------------------------------+------------+--------+
| | NORTRUST NOMS LTD A/C PUC01 | 1,877,894 | |
+----------------------+---------------------------------+------------+--------+
| | NORTRUST NOMS LTD A/C PUQ01 | 4,334,291 | |
+----------------------+---------------------------------+------------+--------+
| | | | |
+----------------------+---------------------------------+------------+--------+
| The Prudential | 0536301 | 11,414,763 | 3.96 |
| Assurance Company | | | |
| Limited | | | |
+----------------------+---------------------------------+------------+--------+
| ORD GBP 0.05 | PRUCLT HSBC GIS NOM(UK) PAC AC | 8,867,763 | |
+----------------------+---------------------------------+------------+--------+
| | PRUCLT HSBC GIS NOM(UK) PPL AC | 2,547,699 | |
+----------------------+---------------------------------+------------+--------+
| | | | |
+----------------------+---------------------------------+------------+--------+
5. Date of the transaction (and date on which the threshold is crossed or
reached if different):
30 October 2009
6. Date on which issuer notified:
2 November 2009
7. Threshold(s) that is/are crossed or reached
See item 13
8. Notified details:
A: Voting rights attached to shares
+--------------+------------+------------+
| Class/type | Situation |
| of shares | previous to the |
| if | Triggering |
| possible | transaction |
| using the | |
| ISIN CODE | |
+--------------+-------------------------+
| | Number | Number |
| | of | of |
| | shares | voting |
| | | Rights |
| | | |
+--------------+------------+------------+
| GB0005363014 | 35,696,727 | 35,696,727 |
| | | |
+--------------+------------+------------+
Resulting situation after the triggering transaction
+---------------------+--------------+--------------+--------------+--------------+----------+
| Class/type of | Number of | Number of voting rights | % of voting rights |
| shares if possible | shares | | |
| using the ISIN CODE | | | |
+---------------------+--------------+-----------------------------+-------------------------+
| | Direct | Direct | Indirect | Direct | Indirect |
| | | | | | |
+---------------------+--------------+--------------+--------------+--------------+----------+
| GB0005363014 | 35,580,455 | 35,580,455 | N/A | 12.35 | N/A |
+---------------------+--------------+--------------+--------------+--------------+----------+
B: Financial Instruments
Resulting situation after the triggering transaction
+------------+-----------------+-----------------------------+---------------------+----------------+
| Type of | Expiration Date | Exercise/Conversion Period/ | Number of voting | % of voting |
| financial | | Date | rights that may be | rights |
| instrument | | | 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/Conversion | Number of | % of voting rights |
| financial | price | Date | Period | voting rights | NominalDelta |
| instrument | | | | instrument | |
| | | | | refers to | |
+------------+----------+------------+---------------------+----------------+--------------------+
| N/A | N/A | N/A | N/A | N/A | N/A |
+------------+----------+------------+---------------------+----------------+--------------------+
Total (A+B+C)
+------------+--------+
| Number | % of |
| of | voting |
| voting | rights |
| rights | |
+------------+--------+
| 35,580,455 | 12.35 |
+------------+--------+
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
Prudential plc (Parent Company)
M&G Group Limited (wholly owned subsidiary of Prudential plc)
M&G Limited (wholly owned subsidiary of M&G Group Limited)
M&G Investment Management Limited (wholly owned subsidiary of M&G Limited)
Prudential Unit Trusts Limited (wholly owned subsidiary of M&G Limited)
The Prudential Assurance Company Limited (wholly owned subsidiary of Prudential
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:
As per 5.1.2, the non-exempt holdings for Prudential plc have dropped below 4%
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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