29th Aug 2014 17:35
29 August 2014
Brewin Dolphin Holdings PLC("Brewin Dolphin")
Update on technology settlement
Further to the announcement made on 13 May 2014 regarding the decision to terminate the roll-out of a new IT system into the discretionary wealth business, negotiations have now concluded in relation to the outstanding contractual obligations regarding potential future payments of £15 million over the next 10 years. All parties have agreed to a full and final settlement in respect of these outstanding obligations and, accordingly, Brewin Dolphin will incur a one off £2 million exceptional charge in H2 2014.
For further information please contact:
Andrew Westenberger Finance Director 0845 213 1000
Matthew Sims |
Director of Investor Relations |
0845 213 1000 |
Andrew Hayes/Wendy Baker |
Hudson Sandler |
020 7796 4133 |
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