2nd May 2007 12:25
Rathbone Brothers PLC02 May 2007 RATHBONE BROTHERS PLC 2 May 2007 ANNUAL GENERAL MEETING STATEMENT Rathbone Brothers Plc - funds under management increase by 7.67% At the Annual General Meeting of the Company held today, all the resolutionsproposed (which were contained in the Notice of Meeting dated 27 March 2007)were passed. Copies of the resolutions (other than those concerning ordinarybusiness) have been submitted to the UK Listing Authority for publicationthrough its Document Viewing Facility. Mark Powell, chairman of Rathbone Brothers Plc, commented: "Despite an extremely nervous phase in world stock markets at the end ofFebruary, the first quarter has seen active and firm market conditions,characterised by a great deal of corporate finance activity. "We have continued to attract good inflows of client funds to RathboneInvestment Management and to Rathbone Unit Trust Management. At the end of Apriltotal funds under management were £13.2 billion, an increase of 7.67% over thefigure at the year end, compared with an increase of 2.53% in the FTSE/APCIMSBalanced Index. Funds under management include charity funds, which have reached£1 billion under management, and £2.1 billion in Rathbone unit trusts." Mark Powell referred to some changes in Board responsibilities. James Lifford,who had been a director of the company since 1996, has retired from the Boardbut continues to advise clients from the Winchester office. Sue Desborough,finance director, is absent whilst she undergoes a course of medical treatmentfor cancer. In her absence the responsibilities of finance director have beenassumed by chief executive Andy Pomfret to whom the finance departmenttemporarily reports. Finally, with effect from 1 January 2008, the chairman MarkPowell will move to a non-executive role. For further information contact: Rathbone Brothers Plc 020 7399 0000 (Switchboard)Mark Powell, ChairmanAndy Pomfret, Chief ExecutiveEmily Morris, Marketing Director SmithfieldReg Hoare/Miranda Good 020 7360 4900 Notes for editors: Rathbone Brothers Plc specialises in providing, through its subsidiaries,personalised investment management and wealth management services for privateinvestors and trustees, including discretionary fund management, unit trusts,tax planning, trust and company management, pension and banking services. Itmanages just over £13 billion of funds, including £2.1 billion managed byRathbone Unit Trust Management Limited and £1 billion in charity funds (as at 30April 2007). This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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