20th Dec 2005 16:09
Brewin Dolphin Holdings PLC20 December 2005 BREWIN DOLPHIN HOLDINGS PLCIssue 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, includingMrs Soar, a Person Discharging Managerial Responsibility in relation to thecompany. The scheme, which is intended to encourage share retention by theparticipating employees, offers participating employees the opportunity topurchase shares in the company at current market value and receive a matchingoption to acquire shares at current market value. On 19 December 2005 in Jersey, the trustee acquired by subscription and awardedto relevant participating employees 611,431 of the company's ordinary shares of1p each ("shares") and on a matching one to one basis the company grantedoptions to subscribe for 611,431 shares to relevant participating employees. Of the shares awarded and options granted, Mrs Soar was awarded 6,369 shares(0.003% of the company's total issued share capital) and granted options tosubscribe for 6,369 shares. The shares awarded are registered in the name ofthe trustee and will remain so subject to the terms of the scheme. The shares have been issued to and awarded by the trustee nil paid at a price of157p 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 19 December 2005 was 157p). The full purchaseprice of the shares is payable to the trustee as set out in the scheme and inany event no later than 19 December 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 19 December 2009, andotherwise as set out in the scheme, at a price of 157p per share (no payment wasmade on grant) normally at any time between 19 December 2009 and 19 December2012 but otherwise as set out in the scheme including by reason of a change ofcontrol following a takeover. Save as set out in the scheme, the options may notbe sold, transferred, charged or otherwise disposed of prior to exercise. Information regarding the award of the shares and options to and the interestsof Mrs Soar mentioned was received by the company on 19 December 2005. Mrs Soar is also interested in shares held otherwise than under the scheme.After the award of the shares and options Mrs Soar's total holding in thecompany will be 234,469 shares (0.12% of the total issued share capital of thecompany) and the total number of shares over which options are held by her willbe 78,979 shares. This notification relates to a transaction notified under Disclosure Rule 3.1.2. Please contact Angela Wright on + 44 (0)20 7246 1143 for further information. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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