Exercise of Options and EBT Exercise of Shares

RNS Number : 1758T

Brooks Macdonald Group PLC

24 March 2016

 

Brooks Macdonald Group plc

(the "Company")

Exercise of Options and EBT Exercise of Shares

The Company has received notice that, on 23 March 2016, a number of employees exercised options over 12,500 ordinary shares of 1p each in the Company ("Ordinary Shares") in accordance with the rules of the Enterprise Management Incentive Scheme ("EMI").

Pursuant to the exercise of these options, the Company has made an application to the London Stock Exchange for 12,500 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 1 April 2016.

The Company has received a notice that a number of employees have exercised share options in accordance with the rules of the 2011 and 2012 LTIS schemes.

No new ordinary shares have been issued to satisfy the LTIS awards. Following the exercise of options, the Brooks Macdonald Group Employee Benefit Trust (the "EBT") has transferred 1742 ordinary shares to satisfy the awards. Following this transfer the EBT now holds 211,505 ordinary shares, representing 1.55% of the Company's current voting rights.

Following this notification, the Company has 13,676,826 Ordinary Shares in issue.

Enquiries:

Brooks Macdonald Group PLC
Chris Macdonald, Chief Executive	[phone]
Simon Jackson, Finance Director
Peel Hunt LLP
Guy Wiehahn	[phone]

 

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