Section 430(2B) Companies Act 2006 Statement

BREWIN DOLPHIN HOLDINGS PLC (THE "COMPANY")

Section 430(2B) Companies Act 2006 Statement

As announced by the Company on 8 January 2016 and as part of the Executive Committee changes to create a broader structure, it was agreed that Stephen Ford would leave Brewin Dolphin and step down from the Board of Directors of the Company with immediate effect on 7 January 2016.

The information required to be made available by section 430(2B) of the Companies Act 2006 is set out below. 

In accordance with Stephen Ford's service agreement and with the Company's Remuneration Policy, the following has been agreed:

Notice Period

In accordance with the terms of his service agreement, Stephen Ford will continue to be paid his salary and enjoy his contractual benefits during his notice period to 6 July 2016.

Statutory Redundancy Pay

Following the end of the notice period, Stephen Ford will be paid a Statutory Redundancy Payment of £9,737.50.

2015/2016 variable pay award

Following the end of the notice period, Stephen Ford will be paid a discretionary award of annual variable pay for the 2015/2016 financial year in respect of the period worked up to and including 7 January 2016 in the amount of £81,000 subject to such deductions as required by law. 

Ex-gratia benefits

Brewin Dolphin will pay premiums to a private medical scheme nominated by Brewin Dolphin on behalf of Stephen Ford, his spouse and dependent children until 31 December 2016 (subject to the rules of the scheme and to the insurer accepting cover at normal rates of premium).

Deferred Profit Share Plans (the "DPSP")

Stephen Ford currently holds three outstanding awards under the DPSP, as follows:

1. An award of nil cost options over 69,398 shares under the DPSP 2013 on 5 December 2013 representing the deferred part of his annual bonus for the 2012/2013 financial year. In accordance with the rules of the DPSP, these shares will vest in full on 5 December 2016.

2. An award of nil cost options over 42,646 shares under the DPSP 2014 on 4 December 2014 representing the deferred part of his annual bonus for the 2013/2014 financial year. In accordance with the rules of the DPSP, these shares will vest in full on 4 December 2017.

3. An award of nil cost options over 30,978 shares under the DPSP 2015 on 3 December 2015 representing the deferred part of his annual bonus for the 2014/2015 financial year. In accordance with the rules of the DPSP, these shares will vest in full on 3 December 2018.

Long Term Performance Plan (the "LTPP")

Stephen Ford currently holds three conditional share awards under the LTPP, as follows:

1. 89,928 shares granted on 26 February 2014, conditional upon LTPP performance criteria. In accordance with the rules of the LTPP, a pro-rated number of 70,646 shares (calculated up to 6 July 2016) will vest on 26 February 2017, conditional upon the LTPP performance criteria being satisfied. 

2. 103,734 shares granted on 4 December 2014, conditional upon LTPP performance criteria. In accordance with the rules of the LTPP, a pro-rated number of 54,896 shares (calculated up to 6 July 2016) will vest on 4 December 2017, conditional upon the LTPP performance criteria being satisfied. 

3. 130,111 shares granted on 3 December 2015, conditional upon LTPP performance criteria. In accordance with the rules of the LTPP, a pro-rated number of 25,642 shares (calculated up to 6 July 2016) will vest on 3 December 2018, conditional upon the LTPP performance criteria being satisfied.

Legal Fees

Stephen Ford will also receive a total contribution of £3,500 (exclusive of VAT) towards legal fees incurred in connection with his departure.

Other

No other remuneration payment or any payment for loss of office of the type specified in section 430(2B) of the Companies Act 2006 is being made to Stephen Ford.