12th Jun 2007 09:00
Brewin Dolphin Holdings PLC12 June 2007 BREWIN DOLPHIN HOLDINGS PLC Issue and award of shares and grant of options over shares under the BrewinDolphin Holdings PLC Senior Employee Matching Share Purchase Scheme 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 recently 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. The scheme, which is intended to encourage share retentionby the participating employees, offers participating employees the opportunityto purchase shares in the company at current market value and receive a matchingoption to acquire shares at current market value. On 11th June 2007 in Jersey, the trustee acquired by subscription and awarded torelevant participating employees 485,006 of the company's ordinary shares of 1peach ("shares") and on a matching one to one basis the company granted optionsto subscribe for 485,006 shares to relevant participating employees. The shares have been issued to and awarded by the trustee nil paid at a price of217.5p 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 11th June 2007 was 217.5p). Thefull purchase price of the shares is payable to the trustee as set out in thescheme and in any event no later than 11th June 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 until 11th June 2011, andotherwise as set out in the scheme, at a price of 217.5p per share (no paymentwas made on grant) normally at any time between 11th June 2011 and 11th June2014 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. Enquiries: Anna Reed +44 (0)845 213 3206 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BRW.L