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Low & Bonar plc (LWB) Ordinary 5p Shares

Sell:13.75p Buy:13.90p 0 Change: 0.20p (1.46%)
Market closed Prices as at close on 22 November 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Bid situation | Scheme of Arrangement

Low & Bonar plc Ordinary 5p Shares

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 4 Nov 2019)

What is happening?

 

Low & Bonar plc is seeking shareholder approval for a recommended cash acquisition by FV Beteiligungs-GmbH, via a Scheme of Arrangement.  You are being offered 15.5p in place of each Low & Bonar plc share held.

 

You can vote

 

The Scheme is subject to shareholder approval at a General Meeting and Court Meeting both to be held on 5 November 2019 and Court approval at a Hearing expected to be held in the first half of 2020.

 

Should you wish to vote you may do so below before the deadline of noon on Thursday 31 October 2019

 

The Scheme will be approved if shareholders who represent a majority in number and hold at least 75% in the value of the shares voted, vote in favour. If it’s approved all shareholders will receive cash in place of their shares irrespective of if or how they voted. The Scheme is expected to become effective in the first half of 2020 with the resulting cash proceeds expected within two weeks of the Effective Date.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above. Any instruction will be cast at both the General Meeting and Court Meeting unless you specify otherwise.

×
Sell:13.75p
Buy:13.90p
Change: 0.20p (1.46%)
Market closed Prices as at close on 22 November 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Bid situation | Scheme of Arrangement

Low & Bonar plc Ordinary 5p Shares

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 4 Nov 2019)

What is happening?

 

Low & Bonar plc is seeking shareholder approval for a recommended cash acquisition by FV Beteiligungs-GmbH, via a Scheme of Arrangement.  You are being offered 15.5p in place of each Low & Bonar plc share held.

 

You can vote

 

The Scheme is subject to shareholder approval at a General Meeting and Court Meeting both to be held on 5 November 2019 and Court approval at a Hearing expected to be held in the first half of 2020.

 

Should you wish to vote you may do so below before the deadline of noon on Thursday 31 October 2019

 

The Scheme will be approved if shareholders who represent a majority in number and hold at least 75% in the value of the shares voted, vote in favour. If it’s approved all shareholders will receive cash in place of their shares irrespective of if or how they voted. The Scheme is expected to become effective in the first half of 2020 with the resulting cash proceeds expected within two weeks of the Effective Date.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above. Any instruction will be cast at both the General Meeting and Court Meeting unless you specify otherwise.

×
Sell:13.75p
Buy:13.90p
Change: 0.20p (1.46%)
Market closed Prices as at close on 22 November 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Bid situation | Scheme of Arrangement

Low & Bonar plc Ordinary 5p Shares

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 4 Nov 2019)

What is happening?

 

Low & Bonar plc is seeking shareholder approval for a recommended cash acquisition by FV Beteiligungs-GmbH, via a Scheme of Arrangement.  You are being offered 15.5p in place of each Low & Bonar plc share held.

 

You can vote

 

The Scheme is subject to shareholder approval at a General Meeting and Court Meeting both to be held on 5 November 2019 and Court approval at a Hearing expected to be held in the first half of 2020.

 

Should you wish to vote you may do so below before the deadline of noon on Thursday 31 October 2019

 

The Scheme will be approved if shareholders who represent a majority in number and hold at least 75% in the value of the shares voted, vote in favour. If it’s approved all shareholders will receive cash in place of their shares irrespective of if or how they voted. The Scheme is expected to become effective in the first half of 2020 with the resulting cash proceeds expected within two weeks of the Effective Date.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above. Any instruction will be cast at both the General Meeting and Court Meeting unless you specify otherwise.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Business summary

Low & Bonar PLC is a United Kingdom-based company engaged in international manufacturing and supply of performance materials. The Company's segments include Building & Industrial, Civil Engineering, Coated Technical Textiles, and Interiors & Transportation. The Building & Industrial global business unit (GBU) supplies a range of technical textile solutions for applications in the building, roofing, air and water filtration and agricultural markets. The Civil Engineering GBU supplies woven geotextiles and construction fibers used in infrastructure projects, including road and rail building, land reclamation and coastal defense. The Coated Technical Textiles GBU supplies a range of technical coated fabrics providing aesthetics and design, performance and protection. The Interiors & Transportation GBU supplies technical fabrics used in transportation, interior carpeting, resilient tiles and decorative products.

Contact details

Address:
One Connaught Place,
LONDON
W2 2ET
United Kingdom
Telephone:
+44 (020) 75353180
Website:
https://www.lowandbonar.com/

Important dates

Future events
There are no future events available.
Past events
General meeting 05 November 2019 05/11/19
Trading Announcement 20 September 2019 20/09/19
Interim results 30 July 2019 30/07/19
Trading Announcement 20 May 2019 20/05/19
Final dividend payment date 10 April 2019 10/04/19
AGM 05 April 2019 05/04/19
Trading Announcement 01 April 2019 01/04/19
Annual report 01 March 2019 01/03/19
General meeting 19 February 2019 19/02/19
Final ex-dividend date 14 February 2019 14/02/19
Final results 30 January 2019 30/01/19
Trading Announcement 14 December 2018 14/12/18

General stock information

EPIC:
LWB
ISIN:
GB0005363014
Market cap:
£95.88 million
Shares in issue:
689.76 million
Sector:
General Industrials
Exchange:
London Stock Exchange
Currency:
Sterling pence
Indices:
n/a

Key personnel

  • Daniel Dayan
    Executive Chairman of the Board
  • Ian Ashton
    Chief Financial Officer, Executive Director
  • Matthew Joy
    Group General Counsel
  • Stuart Haydon
    Company Secretary

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by NBTrader.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.