19th Dec 2006 15:03
Brewin Dolphin Holdings PLC19 December 2006 19 December 2006 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, including Sarah Soar and Barry Howard, Persons DischargingManagerial Responsibility in relation to the Company. The Scheme, which isintended to encourage share retention by the participating employees, offersparticipating employees the opportunity to purchase shares in the Company atcurrent market value and receive a matching option to acquire shares at currentmarket value. On 18 December 2006 in Jersey, the Trustee acquired by subscription and awardedto relevant participating employees 547,420 of the Company's Ordinary Shares of1p each ("Shares") and on a matching one to one basis the company grantedoptions to subscribe for 547,420 Shares to relevant participating employees. The Shares have been issued to and awarded by the Trustee nil paid at a price of184.50p 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 18 December 2006 was 184.50p). Thefull purchase price of the Shares is payable to the Trustee as set out in theScheme and in any event no later than 18 December 2013. 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 18 December 2010, andotherwise as set out in the scheme, at a price of 184.50p per share (no paymentwas made on grant) normally at any time between 18 December 2010 and 18December 2013 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 Sarah Soar and Barry Howard, the Persons Discharging ManagerialResponsibility mentioned was received by the company on 18 December 2006. Sarah Soar Of the Shares awarded and options granted, Sarah Soar was awarded 5,420 Shares(0.003% of the Company's total issued share capital) and granted options tosubscribe for 5,420 shares. The Shares awarded are registered in the name ofthe Trustee and will remain so subject to the terms of the scheme. 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 239,889 Shares (0.118% of the total issued share capital of thecompany) and the total number of Shares over which options are held by her willbe 76,189 Shares. This notification relates to a transaction notified under Disclosure Rule 3.1.2. Barry Howard Of the Shares awarded and options granted, Barry Howard was awarded 27,100Shares (0.013% of the Company's total issued share capital) and granted optionsto subscribe for 27,100 Shares. The Shares awarded are registered in the nameof the trustee and will remain so subject to the terms of the scheme. Mr Howard is also interested in Shares held otherwise than under the Scheme.After the award of the Shares and options Mr Howard's total holding in thecompany will be 106,980 Shares (0.053% of the total issued share capital of thecompany) and the total number of Shares over which options are held by him willbe 124,320 shares. This notification relates to a transaction notified under Disclosure Rule 3.1.2. Please contact Angela Wright on + 44 (0)20 7248 4400 for further information. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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