27th May 2005 14:55
Brewin Dolphin Holdings PLC27 May 2005 BREWIN DOLPHIN HOLDINGS PLC Issue and award of shares and grant of options over shares under the Brewin Dolphin Holdings PLC Senior Employee Matching Share Scheme Brewin Dolphin Holdings PLC ("the company") announces that Mourant & Co TrusteesLimited ("the trustee"), as trustee of the Brewin Dolphin Holdings PLC EmployeeShare Ownership Trust ("the Trust"), has recently acquired by subscription andawarded shares and Brewin Dolphin Holdings PLC has granted options under theBrewin Dolphin Holdings PLC Senior Employee Matching Share Scheme ("the scheme")to employees of companies in the Brewin Dolphin group of companies, including MrStill, an executive Director of the company. The scheme, which is intended toencourage share retention by the participating employees, offers participatingemployees the opportunity to purchase shares in the company at current marketvalue and receive a matching option to acquire shares at current market value. On 26 May 2005, the trustee acquired by subscription and awarded to relevantparticipating employees 84,156 of the company's ordinary shares of 1p each("shares") and on a matching one to one basis the company granted options tosubscribe for 84,156 shares to relevant participating employees. Of the shares awarded and options granted, Mr Still was awarded 24,752 sharesand granted options to subscribe for 24,752 shares. The shares awarded areregistered in the name of the trustee and will remain so subject to the terms ofthe scheme. The shares have been issued to and awarded by the trustee nil paid at a price of101p per share representing the market value of a share at the time of the issueand award (the average mid-market price of a share at the close of business onthe three business days prior to 26 May 2005 was 101p). The full purchase priceof the shares is payable to the trustee as set out in the scheme and in anyevent no later than 26 May 2012. The options are over new shares of the company and may be exercised, subject tosatisfaction of performance conditions, continued employment by a Brewin Dolphincompany and retention of the related awarded shares until 26 May 2009, andotherwise as set out in the scheme, at a price of 101 p per share (no paymentwas made on grant) normally at any time between 26 May 2009 and 26 May 2012 butotherwise as set out in the scheme including by reason of a change of controlfollowing a takeover. Save as set out in the scheme, the options may not besold, transferred, charged or otherwise disposed of prior to exercise. Information regarding the award of the shares and options to and the interestsof Mr Still mentioned was received by the company on 26 May 2005. Mr Still is also interested in shares held otherwise than under the scheme. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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