Rathbone Brothers PLC: Acquisition

Acquisition of holding in Vision Independent Financial Planning Limited

Rathbone Brothers Plc ("Rathbones") has acquired a 19.9% holding in both Vision Independent Financial Planning Limited ("Vision") and its sister company, Castle Investment Solutions Limited ("Castle"), for a total cash consideration of £2 million.  The stakes have been purchased from the founders of Vision and Castle, namely Roger Edwards and Paul Sweaton, and their spouses (the "Founders").  

Rathbones has also entered into a series of options with the Founders which would entitle Rathbones to acquire the remaining 80.1% of Vision and of Castle in 2015 for a mixture of cash and Rathbones' ordinary shares with a further potential deferred element payable at the start of 2018.  If Rathbones does not exercise its options to acquire the balance of holdings from the Founders, the Founders have options to buy Rathbones' shareholdings back for the original £2 million paid.  

Enquiries:
Rathbone Brothers Plc	Quill PR
020 7399 0000	020 7466 5054
Jane Seymour - Marketing Director	Hugo Mortimer-Harvey

Notes for Editors:

1. Rathbone Brothers Plc is a leading provider of high-quality, personalised investment and wealth management services for private clients, charities and trustees. This includes discretionary investment management, unit trusts, tax planning, trust and company management, pensions advice and banking services.

Rathbones has over 780 staff in 11 UK locations and Jersey, and has its headquarters in Curzon Street, London.
www.rathbones.com

2. Vision is an independent specialist financial advice network focussing on High Net Worth private clients and with whom Rathbone Investment Management Limited has an existing Discretionary Fund Management panel relationship.  Castle operates as a sister company to Vision, providing it with certain administrative services.

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Source: Rathbone Brothers PLC via Thomson Reuters ONE

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