Information  X 
Enter a valid email address

Brewin Dolphin Hldgs (BRW)

  Print          Annual reports

Friday 16 June, 2006

Brewin Dolphin Hldgs

Purchase Agreement

Brewin Dolphin Holdings PLC
16 June 2006

Brewin Dolphin Securities Enters into Purchase Agreement for API Investment
Management Business

On 15th June 2006 the Group's wholly owned subsidiary, Brewin Dolphin Securities
Limited (BDS), entered into an agreement with Aberdeen Private Investors Limited
('API') to purchase the investment management business operated by API for a
purchase price calculated by reference to a formula based on those funds under
management that transfer, which is anticipated to be in the region of £200
million.  The total amount payable on the acquisition of the business is
approximately £5m, of which £3.4m will be payable in cash to API with the
balance representing the cost of incentive packages awarded to the management
team of API, who will join BDS upon completion.

Enquiries - Jamie Matheson
Executive Chairman
0141 314 8149

                      This information is provided by RNS
            The company news service from the London Stock Exchange                 QGMA                                                                                                                                                                                                                                                           

a d v e r t i s e m e n t