RNS Number : 5219N
J O Hambro Capital Management Ld
24 September 2019
J O Hambro Capital Management Limited
Disclosure under Rule 2.10(c) of The City Code on Takeovers and Mergers
J O Hambro Capital Management Limited ("JOHCM") provided a non-binding letter of intent to FV Beteiligungs_GmbH regarding the proposed acquisition of Low & Bonar Plc as referred to in the announcement of the recommended cash offer on 20 Septembeer 2019.
The non-binding letter of intent was for 37,416,556 ordinary shares of 5p in Low & Bonar Plc.
In accordance with Rule 2.10(c) of The City Code on Takeovers and Mergers JOHCM now announces that following a disposal it no longer intends to comply with the letter of intent in respect of 7,688,877 ordinary shares of 5p in Low & Bonar Plc. The non-binding letter of intent still applies to 29,727,679 ordinary shares of 5p in Low & Bonar Plc.
This disposal does not change the number of shares which are the subject of the separate irrevocable undertaking which remain at 37,416,557 ordinary shares of 5p in Low & Bonar Plc
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