Low & Bonar PLC: Completion of Sale

    Further to the announcement made on 4 July 2016, Low & Bonar, the international performance materials group with leading positions in niche industrial markets, is pleased to announce that it has now completed the sale of its artificial grass yarns production business, for a cash consideration of €27.0m on a cash-free/debt-free basis to the Mattex Group. The information and consultation process with affected employees is now also complete.

    2 September 2016

    For further information, please contact:

    Low & Bonar PLC 020 7535 3180
    Brett Simpson, Group Chief Executive
    Mike Holt, Group Finance Director

    Instinctif Partners 020 7457 2020
    Matthew Smallwood
    Helen Tarbet