12th Dec 2008 17:12
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
12th December 2008
Brewin Dolphin Holdings PLC ("the company") announces that Halifax EES Trustees International Limited ("the trustee"), as trustee of the Brewin Dolphin Holdings PLC Employee Share Ownership Trust ("the Trust"), has today acquired by subscription and awarded shares and Brewin Dolphin Holdings PLC has granted options under the Brewin Dolphin Holdings PLC Senior Employee Matching Share Purchase Scheme ("the scheme") to employees of companies in the Brewin Dolphin group of companies, including the following Executive Directors:- Sarah Soar and Barry Howard (the "Executive Directors") and the following Persons Discharging Managerial Responsibility:- John Beeston and Matt Collis (the "PDMR's") in relation to the company. The scheme, which is intended to encourage share retention by the participating employees, offers participating employees the opportunity to purchase shares in the company at current market value and receive a matching option to acquire shares at current market value.
On 12th December 2008 in Jersey, the trustee acquired by subscription and awarded to relevant participating employees 359,112 of the company's ordinary shares of 1p each ("shares") and on a matching one to one basis the company granted options to subscribe for 359,112 shares to relevant participating employees.
The shares have been issued to and awarded by the trustee nil paid at a price of 108.6p per share representing the market value of a share at the time of the issue and award (the average mid-market price of a share at the close of business on the three business days prior to 12th December 2008 was 108.6p). The full purchase price of the shares is payable to the trustee as set out in the scheme and in any event no later than 12th December 2015.
The options are over new shares of the company and may be exercised, subject to satisfaction of performance conditions, continued employment by a Brewin Dolphin company and retention of the related awarded shares from 12th December 2012, and otherwise as set out in the scheme, at a price of 108.6p per share (no payment was made on grant) normally at any time between 12th December 2012 and 12th December 2015 but otherwise as set out in the scheme including by reason of a change of control following a takeover. Save as set out in the scheme, the options may not be sold, transferred, charged or otherwise disposed of prior to exercise.
Information regarding the award of the shares and options to and the interests of the Executive Directors and the PDMR's mentioned above was received by the company on 12th December 2008.
Sarah Soar
Of the shares awarded and options granted, Sarah Soar was awarded 9,208 shares (0.0043% of the company's total issued share capital) and granted options to subscribe for 9,208 shares. The shares awarded are registered in the name of the 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 the company will be 294,741 shares (0.1371% of the total issued share capital of the company, of these shares 70,319 are nil paid) and the total number of shares over which options are held by her will be 121,195 shares.
Barry Howard
Of the shares awarded and options granted, Barry Howard was awarded 9,208 shares (0.0043% of the company's total issued share capital) and granted options to subscribe for 9,208 shares. The shares awarded are registered in the name of 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 the company will be 193,326 shares (0.0899% of the total issued share capital of the company, of these shares 125,234 are nil paid) and the total number of shares over which options are held by him will be 146,159 shares.
John Beeston
Of the shares awarded and options granted, John Beeston was awarded 9,208 shares (0.0043% of the company's total issued share capital) and granted options to subscribe for 9,208 shares. The shares awarded are registered in the name of the trustee and will remain so subject to the terms of the scheme.
After the award of the shares and options John Beeston's total holding in the company will be 39,399 shares (0.0183% of the total issued share capital of the company, of these shares 39,399 are nil paid) and the total number of shares over which options are held by him will be 56,080 shares.
Matt Collis
Of the shares awarded and options granted, Matt Collis was awarded 9,208 shares (0.0043% of the company's total issued share capital) and granted options to subscribe for 9,208 shares. The shares awarded are registered in the name of the trustee and will remain so subject to the terms of the scheme.
After the award of the shares and options Matt Collis's total holding in the company will be 33,246 shares (0.0155% of the total issued share capital of the company, of these shares 33,246 are nil paid) and the total number of shares over which options are held by him will be 40,746 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.
Related Shares:
BRW.L