Rathbone Brothers PLC : Transaction in Own Shares

Rathbone Brothers Plc
Transaction in own shares

Rathbone Brothers Plc (Rathbones or the Company) announces that it intends to take remedial action in respect of the interim dividend which it paid on 7 October 2012 (the "October Dividend") and the purchase of 50,000 Rathbone Brothers Plc ordinary shares of 5p at £12.00 per share carried out on 7 December 2012 (the "Own Shares Purchase"). Although sufficient distributable reserves existed within the Rathbones Group both for the October Dividend to be paid and for the Own Shares Purchase to be carried out, Rathbones had not at the stage of payment of the dividend or purchase of its own shares filed relevant interim accounts showing sufficient distributable reserves in the Company, as required under the Companies Act 2006.

As a result, Rathbones has today (8 February 2013) returned 50,000 ordinary shares of 5p each (representing the Own Shares Purchase) to its broker, Canaccord Genuity Limited (Canaccord), in return for the repayment to Rathbones by Canaccord of £600,000. Following this, Rathbones' total voting rights stand at 46,028,724 (represented by 46,078,724 ordinary shares of 5p each in issue, less 50,000 shares held in treasury).

Rathbones intends to put forward a resolution at its Annual General Meeting to be held on 14 May 2013 through which, if passed by shareholders, the payment of the October Dividend to its shareholders will be rectified.

For further information contact:

Rathbone Brothers Plc Tel: [phone] email: [e-mail] Paul Stockton, Finance Director

Quill PR Tel: [phone] Hugo Mortimer-Harvey

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Source: Rathbone Brothers PLC via Thomson Reuters ONE

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