11 Feb 2011 10:19
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): Transfer of voting rights
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.):
Percentage holdings are calculated using 287,907,108 Voting Rights
Prudential plc
Holding Type: Direct
Voting Rights: 34,498,249
% Voting Rights: 11.98
Registered Holder | Holding | Voting Rights | |
NORTRUST NOMINEE LTD A/C MHF01 | 36,553 | 36,553 | |
NORTRUST NOMINEE LTD A/C MKM01 | 4,022,548 | 4,022,548 | |
NORTRUST NOMS LTD | 9,131,235 | 9,131,235 | |
NORTRUST NOMS LTD A/C MVA01 | 2,636,323 | 2,636,323 | |
NORTRUST NOMS LTD A/C MVB01 | 1,825,908 | 1,825,908 | |
NORTRUST NOMS LTD A/C PUC01 | 1,921,866 | 1,921,866 | |
NORTRUST NOMS LTD A/C PUQ01 | 4,334,291 | 4,334,291 | |
PRUCLT HSBC GIS NOM(UK) PAC AC | 7,869,153 | 7,869,153 | |
PRUCLT HSBC GIS NOM(UK) PPL AC | 2,720,372 | 2,720,372 | |
SUB TOTAL | 34,498,249 | 34,498,249 | |
Percentage holdings are calculated using 287,907,108 Voting Rights
M&G Group Limited
Voting Rights: 34,498,249
% Voting Rights: 11.98
Registered Holder | Holding | Voting Rights |
NORTRUST NOMINEE LTD A/C MHF01 | 36,553 | 36,553 |
NORTRUST NOMINEE LTD A/C MKM01 | 4,022,548 | 4,022,548 |
NORTRUST NOMS LTD | 9,131,235 | 9,131,235 |
NORTRUST NOMS LTD A/C MVA01 | 2,636,323 | 2,636,323 |
NORTRUST NOMS LTD A/C MVB01 | 1,825,908 | 1,825,908 |
NORTRUST NOMS LTD A/C PUC01 | 1,921,866 | 1,921,866 |
NORTRUST NOMS LTD A/C PUQ01 | 4,334,291 | 4,334,291 |
PRUCLT HSBC GIS NOM(UK) PAC AC | 7,869,153 | 7,869,153 |
PRUCLT HSBC GIS NOM(UK) PPL AC | 2,720,372 | 2,720,372 |
Percentage holdings are calculated using 287,907,108 Voting Rights
M&G Investment Management Limited
Voting Rights: 34,461,696
% Voting Rights: 11.96
Registered Holder | Holding | Voting Rights |
NORTRUST NOMINEE LTD A/C MKM01 | 4,022,548 | 4,022,548 |
NORTRUST NOMS LTD | 9,131,235 | 9,131,235 |
NORTRUST NOMS LTD A/C MVA01 | 2,636,323 | 2,636,323 |
NORTRUST NOMS LTD A/C MVB01 | 1,825,908 | 1,825,908 |
NORTRUST NOMS LTD A/C PUC01 | 1,921,866 | 1,921,866 |
NORTRUST NOMS LTD A/C PUQ01 | 4,334,291 | 4,334,291 |
PRUCLT HSBC GIS NOM(UK) PAC AC | 7,869,153 | 7,869,153 |
PRUCLT HSBC GIS NOM(UK) PPL AC | 2,720,372 | 2,720,372 |
Percentage holdings are calculated using 287,907,108 Voting Rights
M&G Limited
Voting Rights: 34,498,249
% Voting Rights: 11.98
Registered Holder | Holding | Voting Rights |
NORTRUST NOMINEE LTD A/C MHF01 | 36,553 | 36,553 |
NORTRUST NOMINEE LTD A/C MKM01 | 4,022,548 | 4,022,548 |
NORTRUST NOMS LTD | 9,131,235 | 9,131,235 |
NORTRUST NOMS LTD A/C MVA01 | 2,636,323 | 2,636,323 |
NORTRUST NOMS LTD A/C MVB01 | 1,825,908 | 1,825,908 |
NORTRUST NOMS LTD A/C PUC01 | 1,921,866 | 1,921,866 |
NORTRUST NOMS LTD A/C PUQ01 | 4,334,291 | 4,334,291 |
PRUCLT HSBC GIS NOM(UK) PAC AC | 7,869,153 | 7,869,153 |
PRUCLT HSBC GIS NOM(UK) PPL AC | 2,720,372 | 2,720,372 |
Percentage holdings are calculated using 287,907,108 Voting Rights
Prudential Unit Trusts Limited
Voting Rights: 15,387,392
% Voting Rights: 5.34
Registered Holder | Holding | Voting Rights |
NORTRUST NOMS LTD | 9,131,235 | 9,131,235 |
NORTRUST NOMS LTD A/C PUC01 | 1,921,866 | 1,921,866 |
NORTRUST NOMS LTD A/C PUQ01 | 4,334,291 | 4,334,291 |
Percentage holdings are calculated using 287,907,108 Voting Rights
The Prudential Assurance Company Limited
Voting Rights: 10,589,525
% Voting Rights: 3.67
Registered Holder | Holding | Voting Rights |
PRUCLT HSBC GIS NOM(UK) PAC AC | 7,869,153 | 7,869,153 |
PRUCLT HSBC GIS NOM(UK) PPL AC | 2,720,372 | 2,720,372 |
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
9 February 2011
6. Date on which issuer notified:
10 February 2011
7. Threshold(s) that is/are crossed or reached
12% - 11%
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 | |
Number of shares | Number of voting Rights | |
GB0005363014
| 34,621,546 | 34,621,546 |
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 | ||
GB0005363014
| 34,498,249 | 34,498,249 | N/A | 11.98% | N/A |
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 | % | ||||||
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 |
34,498,249 | 11.98% |
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:
N/A
14. Contact name:
Matthew Joy, Company Secretary, Low & Bonar PLC
15. Contact telephone number:
0207 535 3180