Brewin Dolphin Holdings PLC
5 September 2000
BREWIN DOLPHIN ACQUISITIONS
Brewin Dolphin Holdings PLC (the Company) is pleased to
announce that it has today agreed to purchase the entire
share capital of Basebuzz Limited and entered into an option
agreement to purchase the entire share capital of T.A.Vivary
Limited. The initial consideration for Basebuzz will be
29,850 1p ordinary shares in the Company. On the exercise of
the option the initial consideration for T.A.Vivary Limited
will be £1.5m of 1p ordinary shares in the Company of which
£1m may be paid in cash at the option of the Company.
A second consideration, up to a maximum value of £650,000
for Basebuzz Limited and £3.5m for T.A.Vivary Limited, may
be payable, in ordinary shares of the Company, dependant on
the net profits of Basebuzz Limited and T.A.Vivary Limited
over the three year period to 30 September 2003.
Enquiries:
John Hall, Managing Director
Brewin Dolphin Holdings PLC
020 7248 4400
David Beck
Caroline Sturdy
Bell Pottinger Financial Limited
020 7353 9203