for immediate release
26 September 2022
BREWIN DOLPHIN HOLDINGS PLC
PDMR Notification
Brewin Dolphin Holdings PLC ("Brewin Dolphin") and RBC Wealth Management (Jersey) Holdings Limited ("Bidco") announced on 31 March 2022 that they had reached agreement on the terms of a recommended cash offer pursuant to which Bidco will acquire the entire issued and to be issued ordinary share capital of Brewin Dolphin (the "Acquisition"), which is to be effected by way of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme").
As announced on 23 September 2022, the High Court of Justice of England and Wales made an order sanctioning the Scheme. As a result, the persons discharging managerial responsibilities' ("PDMR") conditional share awards granted under the Brewin Dolphin's Long Term Performance Plan ("LTPP") and nil cost options over shares granted under Brewin Dolphin's Deferred Profit Share Plan ("DPSP") vested (and in the case of the nil cost options granted under the DPSP, were exercised) on Friday 23 September 2022.
Notifications by the PDMRs in accordance with the Market Abuse Regulation are set out in the Appendix to this announcement.
Enquiries:
Brewin Dolphin Holdings PLC +44 (0) 20 3201 4265
Siobhan Boylan (Chief Financial Officer)
Appendix
| 1
| Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||||||||
| a)
| Name | Robin Beer | ||||||||||||||||||
| 2
| Reason for the notification | |||||||||||||||||||
| a)
| Position/status | Chief Executive (PDMR) | ||||||||||||||||||
| b)
| Initial notification /Amendment | Initial notification | ||||||||||||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||||||||||||||
| a)
| Name | Brewin Dolphin Holdings PLC | ||||||||||||||||||
| b)
| LEI | 213800PS7FS5UYOWAC49 | ||||||||||||||||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||||||||||||
| a)
| Description of the financial instrument, type of instrument
Identification code |
Shares
GB0001765816 | ||||||||||||||||||
| b)
| Nature of the transaction
| Acquisition of shares on vesting of conditional share awards under the LTPP and vesting and exercise of nil cost options under the DPSP. | ||||||||||||||||||
| c)
| Price(s) and volume(s)
|
| ||||||||||||||||||
| d)
| Aggregated information
- Aggregated volume
- Price |
224,140 shares
Nil cost
| ||||||||||||||||||
| e)
| Date of the transaction | 2022-09-23 | ||||||||||||||||||
| f)
| Place of the transaction | London Stock Exchange | ||||||||||||||||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||||||||
| a)
| Name | Siobhan Boylan | ||||||||||||||||||
| 2
| Reason for the notification | |||||||||||||||||||
| a)
| Position/status | Chief Financial Officer (PDMR) | ||||||||||||||||||
| b)
| Initial notification /Amendment | Initial notification | ||||||||||||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||||||||||||||
| a)
| Name | Brewin Dolphin Holdings PLC | ||||||||||||||||||
| b)
| LEI | 213800PS7FS5UYOWAC49 | ||||||||||||||||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||||||||||||
| a)
| Description of the financial instrument, type of instrument
Identification code |
Shares
GB0001765816 | ||||||||||||||||||
| b)
| Nature of the transaction
| Acquisition of shares on vesting of conditional share awards under the LTPP and vesting and exercise of nil cost options under the DPSP. | ||||||||||||||||||
| c)
| Price(s) and volume(s)
|
| ||||||||||||||||||
| d)
| Aggregated information
- Aggregated volume
- Price |
181,017 shares
Nil cost | ||||||||||||||||||
| e)
| Date of the transaction | 2022-09-23 | ||||||||||||||||||
| f)
| Place of the transaction | London Stock Exchange | ||||||||||||||||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated | ||||||||||||||||||||||
| a)
| Name | Richard Buxton | |||||||||||||||||||||
| 2
| Reason for the notification | ||||||||||||||||||||||
| a)
| Position/status | Group People and Sustainability Director (PDMR) | |||||||||||||||||||||
| b)
| Initial notification /Amendment | Initial notification | |||||||||||||||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||||||||||||||||||||
| a)
| Name | Brewin Dolphin Holdings PLC | |||||||||||||||||||||
| b)
| LEI | 213800PS7FS5UYOWAC49 | |||||||||||||||||||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||||||||||||||||||
| a)
| Description of the financial instrument, type of instrument
Identification code |
Shares
GB0001765816 | |||||||||||||||||||||
| b)
| Nature of the transaction
| Acquisition of shares on vesting of conditional share awards under the LTPP and vesting and exercise of nil cost options under the DPSP. | |||||||||||||||||||||
| c)
| Price(s) and volume(s)
|
| |||||||||||||||||||||
| d)
| Aggregated information
- Aggregated volume
- Price |
139,752 shares
Nil cost | |||||||||||||||||||||
| e)
| Date of the transaction | 2022-09-23 | |||||||||||||||||||||
| f)
| Place of the transaction | London Stock Exchange | |||||||||||||||||||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||||||||||||||
| a)
| Name | Charles Ferry | ||||||||||||||||||
| 2
| Reason for the notification | |||||||||||||||||||
| a)
| Position/status | Managing Director of Wealth and Investment (PDMR) | ||||||||||||||||||
| b)
| Initial notification /Amendment | Initial notification | ||||||||||||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||||||||
| a)
| Name | Brewin Dolphin Holdings PLC | ||||||||||||||||||
| b)
| LEI | 213800PS7FS5UYOWAC49 | ||||||||||||||||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||||||||||||
| a)
| Description of the financial instrument, type of instrument
Identification code |
Shares
GB0001765816 | ||||||||||||||||||
| b)
| Nature of the transaction
| Acquisition of shares on vesting of conditional share awards under the LTPP and vesting and exercise of nil cost options under the DPSP. | ||||||||||||||||||
| c)
| Price(s) and volume(s)
|
| ||||||||||||||||||
| d)
| Aggregated information
- Aggregated volume
- Price |
195,766 shares
Nil cost
| ||||||||||||||||||
| e)
| Date of the transaction | 2022-09-23 | ||||||||||||||||||
| f)
| Place of the transaction
| London Stock Exchange | ||||||||||||||||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||||||||
| a)
| Name | Nicholas Fitzgerald | ||||||||||||||||||
| 2
| Reason for the notification | |||||||||||||||||||
| a)
| Position/status
| Managing Director of Advice and Innovation (PDMR) | ||||||||||||||||||
| b)
| Initial notification /Amendment | Initial notification | ||||||||||||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||||||||||||||
| a)
| Name
| Brewin Dolphin Holdings PLC | ||||||||||||||||||
| b)
| LEI | 213800PS7FS5UYOWAC49 | ||||||||||||||||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||||||||||||
| a)
| Description of the financial instrument, type of instrument
Identification code |
Shares
GB0001765816 | ||||||||||||||||||
| b)
| Nature of the transaction
| Acquisition of shares on vesting of conditional share awards under the LTPP and vesting and exercise of nil cost options under the DPSP. | ||||||||||||||||||
| c)
| Price(s) and volume(s)
|
| ||||||||||||||||||
| d)
| Aggregated information
- Aggregated volume
- Price |
134,480 shares
Nil cost | ||||||||||||||||||
| e)
| Date of the transaction | 2022-09-23 | ||||||||||||||||||
| f)
| Place of the transaction | London Stock Exchange | ||||||||||||||||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||||||||||||||
| a)
| Name | Sarah Houlston | ||||||||||||||||||
| 2
| Reason for the notification
| |||||||||||||||||||
| a)
| Position/status
| Chief Operating Officer (PDMR) | ||||||||||||||||||
| b)
| Initial notification /Amendment
| Initial notification | ||||||||||||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||||||||
| a)
| Name
| Brewin Dolphin Holdings PLC | ||||||||||||||||||
| b)
| LEI
| 213800PS7FS5UYOWAC49 | ||||||||||||||||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||||||||||||||||
| a)
| Description of the financial instrument, type of instrument
Identification code
|
Shares
GB0001765816 | ||||||||||||||||||
| b)
| Nature of the transaction
| Acquisition of shares on vesting of conditional share awards under the LTPP and vesting and exercise of nil cost options under the DPSP. | ||||||||||||||||||
| c)
| Price(s) and volume(s)
|
| ||||||||||||||||||
| d)
| Aggregated information
- Aggregated volume
- Price |
70,708 shares
Nil cost
| ||||||||||||||||||
| e)
| Date of the transaction
| 2022-09-23 | ||||||||||||||||||
| f)
| Place of the transaction
| London Stock Exchange | ||||||||||||||||||
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