RATHBONE BROTHERS

Rathbones has issued £60 million of subordinated tier-2 bonds to strengthen its capital structure, fund general corporate purposes and refinance existing £40 million of tier-2 bonds from 2021. The bonds are listed on the London Stock Exchange’s International Securities Market under the ticker RATLN, mature on 9 December 2036 and include a three-month call at par exercisable between 9 September and 9 December 2031. They pay 8.125% p.a. until December 2031; if the call is not exercised, the rate will reset to the five‑year gilt rate plus 336.9 basis points. » Más en de.investing.com

Rathbones has completed the buyback programme launched on 17 June 2026 for up to £20m, acquiring a total of 939,315 ordinary shares that have been or will be cancelled. The average price paid per share was £16.221275. The programme was ended because Investec reached the agreed thresholds (voting interest 29.90%, economic interest 41.25%). After cancellation, the issued share capital consists of 90,489,844 voting ordinary shares and 17,481,868 convertible, non-voting ordinary shares; the company holds no own shares. » Más en de.investing.com

Rathbones reports Q1 net outflows of £0.8bn, of which £0.5bn occurred in Wealth Management (gross outflows £3.2bn). Adjusted for execution-only business and a tax-related £0.2bn outflow, flows in Wealth Management were almost balanced; in Asset Management net outflows were around £0.3–0.4bn. Assets under management and administration stood at £113.6bn (2% below consensus), while operating income rose 9.4% to £241m, slightly beating consensus estimates, driven by higher fees and net interest income. » Más en de.investing.com