Brooks Macdonald Group PLC
(the "Company")
Update on acquisition and exercise of Options
Update on acquisition of DPZ Capital Limited:
As announced on 14 April 2014, as part of the upfront consideration for the entire issued share capital of DPZ Capital Limited the Company would issue new ordinary shares of 1 penny each ("Ordinary Shares") at a value of £2.7m. Following the finalisation of the terms of the upfront consideration the Company will issue 158,032 Ordinary Shares.
Exercise of Options:
The Company has received notice that, on 11 June 2014, a number of its employees exercised options over an aggregate 46,580 Ordinary Shares in accordance with the rules of the 2011 Sharesave Scheme.
As part of the exercise the following directors will receive shares in the Company.
Director |
Options exercised |
Holding post exercise |
Richard Spencer |
985 |
774,338 shares representing 5.8% of the Company |
Simon Wombwell |
985 |
89,189 shares representing 0.7% of the Company |
Simon Jackson |
985 |
79,534 shares representing 0.6% of the Company |
Nick Holmes |
985 |
41,495* shares representing 0.3% of the Company |
*Please note that the reported holding of Nick Holmes in the announcement dated 28 May 2014 was incorrect. The above holding is the correct figure.
Pursuant to these transactions, the Company has made an application to the London Stock Exchange for 204,612 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 19 June 2014
Following this notification, the Company has 13,584,434 Ordinary Shares in issue.
Enquiries:
Brooks Macdonald Group plc www.brooksmacdonald.com
Chris Macdonald, Chief Executive 020 7499 6424
Simon Jackson, Finance Director
Canaccord Genuity Limited 020 7523 8350
Bruce Garrow / Joe Weaving
MHP Communications 020 3128 8100
Reg Hoare / Barnaby Fry / Simon Hockridge / Giles Robinson
