Released: 03 May 2006
At the Annual General Meeting of the Company held earlier today, all the resolutions
proposed (and which were contained in the notice of meeting dated 7 March 2006) were passed. Copies of resolutions (other than those concerning ordinary business) have been submitted to the UK Listing Authority for publication through its Document Viewing Facility.
Mark Powell, chairman of Rathbone Brothers Plc, commented on trading for the first quarter of 2006:
“Since the year end, world stock markets have remained buoyant and active. This has provided a helpful environment for an encouraging start to the year.
“On 5 April we completed the acquisition of the investment management and private banking business of Dexia Banque Internationale à Luxembourg SA’s London branch. This has brought in excess of £600m of investment management accounts and a banking book to Rathbones.
“As a result of this acquisition and a continuing good flow of new clients, the total of funds under management as at 30 April 2006 was £11.0bn, including £1.4bn in Rathbone Unit Trusts.”
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For further information, please contact:
Rathbone Brothers Plc Tel: 020 7399 0000
Mark Powell, Chairman
Andy Pomfret, Chief Executive
Emily Morris, Marketing Director
About Rathbones
Rathbone Brothers Plc specialises in providing, through its subsidiaries, personalised investment management services and wealth management services for private clients and trustees, including discretionary asset management, unit trusts, tax planning, trust and company management, and banking services. It manages £11.0 billion of funds, including around £1.4 billion managed by Rathbone Unit Trust Management.
All figures as at 30 April 2006