LONDON (Alliance News) - Low & Bonar PLC said its executives including Chief Executive Steve Good participated in the share placing announced earlier Friday to fund the acquistion of Slovakian soil engineer Texiplast.
The directors participated in the placing at 69 pence per share. The details are as follows:
Director / PDMR | Interests in shares prior to Placing | Participation in Placing | Interest in shares following the Placing* | |
No. of shares | No. of shares | % of total issued capital* | ||
Steve Good** (Chief Executive) | 919,098 | 91,817 | 1,010,915 | 0.31% |
Martin Flower (Chairman) | 438,142 | 43,770 | 481,912 | 0.15% |
Mike Holt (Finance Director) | 333,244 | 33,291 | 366,535 | 0.11% |
John Sheldrick (Non-executive Director) | 70,000 | 6,993 | 76,993 | 0.02% |
Trudy Schoolenberg (Non-executive Director) | 0 | 36,231 | 36,231 | 0.01% |
*Based on a total of 326,186,026 ordinary shares in issue after completion of the Placing | ||||
** Mr Good's shares are being purchased partly in the name of his spouse. | ||||
Low & Bonar shares were trading at 70.50 pence Friday morning, up 0.25 pence, or 0.4%.
Earlier Friday the company said it would acquire Texiplast for about GBP16 million in cash, and would launch a GBP20.4 million placing to fund the deal and pursue further growth opportunities.
By Anthony Tshibangu; anthonytshibangu@alliancenews.com; @AnthonyAllNews
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