14th Dec 2007 12:37
Brewin Dolphin Holdings PLC14 December 2007 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 Purchase Scheme 14 December 2007 Brewin Dolphin Holdings PLC ("the company") announces that Halifax EES TrusteesInternational Limited ("the trustee"), as trustee of the Brewin Dolphin HoldingsPLC Employee Share Ownership Trust ("the Trust"), has today acquired bysubscription and awarded shares and Brewin Dolphin Holdings PLC has grantedoptions under the Brewin Dolphin Holdings PLC Senior Employee Matching SharePurchase Scheme ("the scheme") to employees of companies in the Brewin Dolphingroup of companies, including Simon Still, Sarah Soar and Barry Howard,Executive Directors in relation to 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 14 December 2007 in Jersey, the trustee acquired by subscription and awardedto relevant participating employees 769,143 of the company's ordinary shares of1p each ("shares") and on a matching one to one basis the company grantedoptions to subscribe for 769,143 shares to relevant participating employees. The shares have been issued to and awarded by the trustee nil paid at a price of162.5p per share representing the market value of a share at the time of theissue and award (the average mid-market price of a share at the close ofbusiness on the three business days prior to 14 December 2007 was 162.5p). Thefull purchase price of the shares is payable to the trustee as set out in thescheme and in any event no later than 14 December 2014. 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 from 14 December 2011, andotherwise as set out in the scheme, at a price of 162.5p per share (no paymentwas made on grant) normally at any time between 14 December 2011 and 14December 2014 but otherwise as set out in the scheme including by reason of achange of control following a takeover. Save as set out in the scheme, theoptions may not be sold, transferred, charged or otherwise disposed of prior toexercise. Information regarding the award of the shares and options to and the interestsof Simon Still, Sarah Soar and Barry Howard, Executive Directors mentionedabove was received by the company on 14 December 2007. Simon Still Of the shares awarded and options granted, Simon Still was awarded 15,384 shares(0.0074% of the company's total issued share capital) and granted options tosubscribe for 15,384 shares. The shares awarded are registered in the name ofthe trustee and will remain so subject to the terms of the scheme. After the award of the shares and options Simon Still's total holding in thecompany will be 129,412 shares (0.0624% of the total issued share capital of thecompany, of these shares 15,384 are nil paid) and the total number of sharesover which options are held by him will be 203,118 shares. Sarah Soar Of the shares awarded and options granted, Sarah Soar was awarded 15,384 shares(0.0074% of the company's total issued share capital) and granted options tosubscribe for 15,384 shares. The shares awarded are registered in the name ofthe trustee and will remain so subject to the terms of the scheme. After the award of the shares and options Sarah Soar's total holding in thecompany will be 260,149 shares (0.1254% of the total issued share capital of thecompany, of these shares 67,449 are nil paid) and the total number of sharesover which options are held by her will be 89,295 shares. Barry Howard Of the shares awarded and options granted, Barry Howard was awarded 15,384shares (0.0074% of the company's total issued share capital) and granted optionsto subscribe for 15,384 shares. The shares awarded are registered in the nameof the trustee and will remain so subject to the terms of the scheme. After the award of the shares and options Barry Howard's total holding in thecompany will be 124,975 shares (0.0602% of the total issued share capital of thecompany, of these shares 122,364 are nil paid) and the total number of sharesover which options are held by him will be 148,018 shares. This notification relates to a transaction notified under Disclosure Rule 3.1.4(R). Please contact Angela Wright on + 44 (0)203 201 3205 for further information. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BRW.L