B.P. Marsh & Partners PLC Director/PDMR Shareholding (6096T)
15 Noviembre 2023 - 11:33AM
UK Regulatory
TIDMBPM
RNS Number : 6096T
B.P. Marsh & Partners PLC
15 November 2023
15 November 2023
B.P. Marsh & Partners Plc
("B.P. Marsh" or the "Company")
Issue of Share Options & Director/PDMR Dealings
B.P. Marsh, the specialist investor in early-stage financial
services businesses, announces the adoption of a new employee share
option plan (the "Plan") and the granting of Share Options
("Options") over 1,682,500 ordinary shares of 10p each in the
Company, in aggregate, to 12 employees , including to Directors of
the Company .
Each of the Options will vest, on a ratchet basis, subject to
certain Net Asset Value growth targets being achieved for the
financial years ending 31 January 2024, 31 January 2025 and 31
January 2026. The first exercise date is 6 September 2026 whereby
50% of vested Options will be exercisable at 10p per share, with
the remaining 50% exercisable at 10p per share from 6 September
2027.
Certain Directors and other Persons Discharging Managerial
Responsibilities ("PDMR") have been awarded Options with details of
the awards detailed in the disclosure notices below. The remaining
Options have been granted to other employees of B.P. Marsh. The
Share Option Plan has been developed in order to incentivise staff
members for future growth in the Company.
The Share Capital of the Company will remain unchanged until
such time as the Options have been exercised. The total number of
Options granted under the Plan represents approximately 4.26% of
the fully diluted shares outstanding.
For further information:
B.P. Marsh & Partners Plc www.bpmarsh.co.uk
Brian Marsh OBE +44 (0)20 7233 3112
Panmure Gordon (UK) Limited
Atholl Tweedie / Stephen Jones / Amrit Mahbubani
/ Ailsa MacMaster +44 (0)20 7886 2500
Tavistock Communications Limited bpmarsh@tavistock.co.uk
Simon Hudson / Tim Pearson / Katie Hopkins +44 (0)20 7920 3150
The information below, set out in accordance with the
requirements of the EU Market Abuse Regulation, provides further
detail.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Alice Foulk
--------------------------- -----------------------------------
2 Reason for notification
----------------------------------------------------------------
a) Position / status Managing Director (PDMR)
--------------------------- -----------------------------------
b) Initial notification Initial
/ amendment
--------------------------- -----------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
----------------------------------------------------------------
a) Name B.P. Marsh & Partners Plc
--------------------------- -----------------------------------
b) LEI 2138008G8EPE3HAHEM13
--------------------------- -----------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type
of transaction; (iii) each date; and (iv) each place
where transactions have been conducted
----------------------------------------------------------------
a) Description of the Ordinary shares of 10 pence each
financial instrument,
type of instrument
--------------------------- -----------------------------------
Identification code ISIN: GB00B0XLRJ79
--------------------------- -----------------------------------
b) Nature of the transaction Grant of Share Options as part
of the Share Option Plan
--------------------------- -----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
10p 260,000
--------------------------- -----------------------------------
d) Aggregated information N/A (single transaction)
--------------------------- -----------------------------------
e) Date of the transaction 2023-11-14
--------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange, AIM (XLON)
--------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Daniel Topping
--------------------------- -----------------------------------
2 Reason for notification
----------------------------------------------------------------
a) Position / status Chief Investment Officer (PDMR)
--------------------------- -----------------------------------
b) Initial notification Initial
/ amendment
--------------------------- -----------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
----------------------------------------------------------------
a) Name B.P. Marsh & Partners Plc
--------------------------- -----------------------------------
b) LEI 2138008G8EPE3HAHEM13
--------------------------- -----------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type
of transaction; (iii) each date; and (iv) each place
where transactions have been conducted
----------------------------------------------------------------
a) Description of the Ordinary shares of 10 pence each
financial instrument,
type of instrument
--------------------------- -----------------------------------
Identification code ISIN: GB00B0XLRJ79
--------------------------- -----------------------------------
b) Nature of the transaction Grant of Share Options as part
of the Share Option Plan
--------------------------- -----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
10p 220,000
--------------------------- -----------------------------------
d) Aggregated information N/A (single transaction)
--------------------------- -----------------------------------
e) Date of the transaction 2023-11-14
--------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange, AIM (XLON)
--------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jonathan Newman
--------------------------- -----------------------------------
2 Reason for notification
----------------------------------------------------------------
a) Position / status Group Finance Director (PDMR)
--------------------------- -----------------------------------
b) Initial notification Initial
/ amendment
--------------------------- -----------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
----------------------------------------------------------------
a) Name B.P. Marsh & Partners Plc
--------------------------- -----------------------------------
b) LEI 2138008G8EPE3HAHEM13
--------------------------- -----------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type
of transaction; (iii) each date; and (iv) each place
where transactions have been conducted
----------------------------------------------------------------
a) Description of the Ordinary shares of 10 pence each
financial instrument,
type of instrument
--------------------------- -----------------------------------
Identification code ISIN: GB00B0XLRJ79
--------------------------- -----------------------------------
b) Nature of the transaction Grant of Share Options as part
of the Share Option Plan
--------------------------- -----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
10p 200,000
--------------------------- -----------------------------------
d) Aggregated information N/A (single transaction)
--------------------------- -----------------------------------
e) Date of the transaction 2023-11-14
--------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange, AIM (XLON)
--------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Sinead O'Haire
-------------------------- ------------------------------------
2 Reason for notification
----------------------------------------------------------------
a) Position / status Chief Legal Officer & Group Company
Secretary (PDMR)
-------------------------- ------------------------------------
b) Initial notification Initial
/ amendment
-------------------------- ------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
----------------------------------------------------------------
a) Name B.P. Marsh & Partners Plc
-------------------------- ------------------------------------
b) LEI 2138008G8EPE3HAHEM13
-------------------------- ------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type
of transaction; (iii) each date; and (iv) each place
where transactions have been conducted
----------------------------------------------------------------
a) Description of the Ordinary shares of 10 pence each
financial instrument,
type of instrument
-------------------------- ------------------------------------
Identification code ISIN: GB00B0XLRJ79
-------------------------- ------------------------------------
b) Nature of the transaction Grant of Share Options as part
of the Share Option Plan
-------------------------- ------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
10p 200,000
-------------------------- ------------------------------------
d) Aggregated information N/A (single transaction)
-------------------------- ------------------------------------
e) Date of the transaction 2023-11-14
-------------------------- ------------------------------------
f) Place of the transaction London Stock Exchange, AIM (XLON)
-------------------------- ------------------------------------
Notes to Editors:
B.P. Marsh's current portfolio contains fourteen companies. More
detailed descriptions of the portfolio can be found at
www.bpmarsh.co.uk .
Since formation over 30 years ago, the Company has assembled a
management team with considerable experience both in the financial
services sector and in managing private equity investments. Many of
the directors have worked with each other in previous roles, and
all have worked with each other for approaching ten years.
- Ends -
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END
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November 15, 2023 12:33 ET (17:33 GMT)
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