TIDMARP

RNS Number : 9864H

Ashcourt Rowan PLC

18 July 2012

18 July 2012

ASHCOURT ROWAN PLC

("Ashcourt Rowan" or the "Company")

Share Incentive Plan

Ashcourt Rowan plc (AIM: ARP), the UK wealth management group, confirms details of its HMRC-approved Share Incentive Plan ("SIP") for which it has obtained a derogation under Rule 21 of the AIM Rules. The SIP, which was established in 2006 and is administered by Yorkshire Building Society (the "Trustee"), is available to all employees of the Ashcourt Rowan Group, including executive directors of the Company ("Directors"). The SIP is independently administered by the Trustee, and the Trustee's purchasing decisions under the SIP are not able to be influenced by the Company or any participants

Under the terms of the SIP, participating employees (including Directors) may purchase ordinary shares in the Company ("Shares") on a monthly basis ("Partnership Shares") using deductions made from their gross pay. In addition, for every one Partnership Share purchased, the Company awards a participant with one additional conditional Share ("Matching Shares"). The maximum contribution to the SIP is GBP125 per month, provided the aggregate amount saved over the relevant tax year by a participant does not exceed 10% of his/her gross pay. Partnership Shares and Matching Shares are purchased and awarded, respectively, by the Trustee on or around the 4(th) day of each month and are registered in the name of Brewin Nominees Limited a/c NTNL. Participants may take their Partnership Shares out of the SIP at any time and may take their Matching Shares out three years after their award date. No director or applicable employee is permitted to enter or leave the SIP, or to change the terms of their participation in or contributions to the SIP, during a close period.The Company undertakes to announce any future material changes in the operation of the SIP, and such changes will be subject to consultation with its advisers and AIM.

Pursuant to the derogation under AIM Rule 21, the Trustee will continue to purchase Partnership Shares (and award Matching Shares) on behalf of applicable employees and Directors during the Company's close periods. However, applicable employees and Directors will not be permitted to join or leave the SIP or change their contributions during close periods.

Currently, no Directors have committed to participate in the SIP. Should any Director (but not applicable employees) commit to participate in the SIP in the future, details of their commitment will be announced without delay, and any purchases by the trustee on behalf of directors participating in the SIP will also be disclosed without delay under AIM Rule 17.

For further information please contact:

 
 Jonathan Polin, CEO                 Ashcourt Rowan plc 
  jonathanpolin@ashcourtrowan.com     www.ashcourtrowan.com       +44 (0) 20 7871 7373 
                                     Canaccord Genuity Limited 
 Martin Green/Bruce Garrow            www.canaccordgenuity.com    +44 (0) 20 7523 8350

Media enquiries:

 
                     MRM 
 Andrew Appleyard     www.mrm-london.com    +44 (0) 20 3326 9908

Notes to the editors:

Ashcourt Rowan is an AIM-listed wealth management business that specialises in financial planning and investment management for individuals and organisations. Headquartered in London the business has over GBP4bn of client assets under management and advice and in excess of 65,000 individual clients, which it services through a team of over 100 financial advisers and investment managers located in 17 offices spread across the UK. Further information on Ashcourt Rowan can be found at www.ashcourtrowan.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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