Update following Interim Management Statement

RNS Number : 6000G

Rathbone Brothers PLC

16 May 2011

 



Rathbones' expands London office by moving to No 1 Curzon Street

Following its Interim Management Statement, Rathbones is pleased to announce that it has exchanged contracts for a 12 year lease of 42,200 sq ft of office space on the 3^rd and 4^th floors of No 1 Curzon Street, London, W1. It is expected that the move from current premises in New Bond Street, London will be completed by the end of February 2012 and will result in non-recurring charges of up to £5 million, representing the costs of moving, a period of double occupation and dilapidations on the existing premises.

Commenting on the move, Andy Pomfret, Chief Executive, said:

"The move to No 1 Curzon Street not only keeps Rathbones in the heart of Mayfair, but also increases our effective space in London by around 10%, as a result of a larger and more efficient floor plan than our existing offices, without a material increase in the ongoing cost base."

16 May 2011

For further information contact:

Rathbone Brothers Plc Tel: [phone] email: [e-mail] Mark Nicholls, Chairman Andy Pomfret, Chief Executive Paul Stockton, Finance Director

Quill PR Tel: [phone] Hugo Mortimer-Harvey

Rathbone Brothers Plc

Rathbone Brothers Plc is a leading independent provider of high-quality, personalised investment and wealth management services for private investors, charities and trustees. This includes discretionary investment management, tax and financial planning and unit trusts.

Rathbones has over 700 staff in 11 UK locations and Jersey, and has its headquarters in New Bond Street, London.

www.rathbones.com

 

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