12 April 2024
B.P. Marsh & Partners
Plc
("B.P. Marsh" or the
"Company")
Award of Shares under
Share Incentive Plan
Director/PDMR
Dealings
B.P. Marsh, the specialist investor
in early stage financial services businesses, announces that
on 11 April 2024 a total of 22,380 ordinary shares of 10
pence each in the Company ("Ordinary Shares") have been granted
to eligible employees pursuant to a Share Incentive Plan (the
"SIP") (as announced originally on 29 March 2016).
Under the SIP, Ordinary Shares are
acquired in three ways:
· Partnership Shares, where an
employee can purchase up to £1,800 worth of
shares;
· Matching Shares, where B.P.
Marsh can give up to two free Matching Shares for each Partnership
Share bought; and
· Free Shares, where the
Company can give each eligible employee up to £3,600 worth of free
shares in any tax year.
In accordance with the SIP's rules,
a total of 12 eligible employees applied for the 2024-25 SIP awards
and have each been granted 746 Ordinary Shares ("2024-25 Free
Shares"), representing £3,595.72 at a price of £4.82 per Ordinary
Share. Furthermore, all eligible employees have elected to take up
the opportunity to acquire 373 Ordinary Shares ("2024-25
Partnership Shares"), equating to £1,797.86 at a price of £4.82 per
Ordinary Share. For every Partnership Share that an employee
acquires, the SIP Trust has awarded two free Ordinary Shares
("2024-25 Matching Shares") equating to 746 Ordinary Shares to each
participating employee. In aggregate, each eligible employee will
hold an additional 1,865 Ordinary Shares under the SIP. The 2024-25
Free and Matching Shares are subject to a 1 year forfeiture
period.
Certain Directors and other Persons
Discharging Managerial Responsibilities ("PDMR") have participated
in this award and further details of the Directors' and PDMRs'
interests in Ordinary Shares (as at today's date, following the
award of 2024-25 Free, Partnership and Matching Shares) are set out
below:
|
Participating Directors &
PDMR
|
Total number of Ordinary Shares held
under SIP
|
Total number of Ordinary Shares held
under JSOP*
|
Total number of Ordinary Shares held
directly
|
|
Alice Foulk
|
25,809
|
117,614
|
23,428
|
|
Daniel Topping
|
26,396
|
167,465
|
139,760**
|
|
Jon Newman
|
34,516
|
117,614
|
19,645
|
|
Sinead O'Haire
|
34,516
|
117,614
|
24,695
|
* The Company's Joint Share
Ownership Plan, details of which were announced on 12 June
2018
**Including 11,434 shares held by Mr
Topping's spouse and 1,758 shares held by Mr. Topping's
daughter
The awards were made by utilising
the 22,380 unallocated Ordinary Shares in the B.P. Marsh SIP Trust
which had been transferred from Treasury on 8 April
2024.
For
further information:
|
B.P. Marsh & Partners Plc
|
www.bpmarsh.co.uk
|
|
Brian Marsh OBE
|
+44 (0)20 7233 3112
|
|
|
|
|
Nominated Adviser & Broker
Panmure Gordon
|
|
|
Atholl Tweedie / Amrit
Mahbubani / Ailsa MacMaster
|
+44 (0)20 7886 2500
|
|
|
|
|
Financial PR & Investor Relations
|
|
|
Tavistock
|
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 /
amendment
|
Initial
|
|
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 financial
instrument, type of instrument
|
Ordinary shares of 10 pence
each
|
|
|
Identification code
|
ISIN: GB00B0XLRJ79
|
|
b)
|
Nature of the transaction
|
Purchase and grant of ordinary
shares pursuant to the Company's SIP
|
|
c)
|
Price(s) and volumes(s)
|
|
Price(s)
|
Volume(s)
|
|
(i) 482p
|
373
|
|
(ii) nil
|
1,492
|
|
|
d)
|
Aggregated information
|
N/A (single transactions)
|
|
e)
|
Date of the transaction
|
2024-04-11
|
|
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 /
amendment
|
Initial
|
|
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 financial
instrument, type of instrument
|
Ordinary shares of 10 pence
each
|
|
|
Identification code
|
ISIN: GB00B0XLRJ79
|
|
b)
|
Nature of the transaction
|
Purchase and grant of ordinary
shares pursuant to the Company's SIP
|
|
c)
|
Price(s) and volumes(s)
|
|
Price(s)
|
Volume(s)
|
|
(i) 482p
|
373
|
|
(ii) nil
|
1,492
|
|
|
d)
|
Aggregated information
|
N/A (single transactions)
|
|
e)
|
Date of the transaction
|
2024-04-11
|
|
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 /
amendment
|
Initial
|
|
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 financial
instrument, type of instrument
|
Ordinary shares of 10 pence
each
|
|
|
Identification code
|
ISIN: GB00B0XLRJ79
|
|
b)
|
Nature of the transaction
|
Purchase and grant of ordinary
shares pursuant to the Company's SIP
|
|
c)
|
Price(s) and volumes(s)
|
|
Price(s)
|
Volume(s)
|
|
(i) 482p
|
373
|
|
(ii) nil
|
1,492
|
|
|
d)
|
Aggregated information
|
N/A (single transactions)
|
|
e)
|
Date of the transaction
|
2024-04-11
|
|
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 /
amendment
|
Initial
|
|
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 financial
instrument, type of instrument
|
Ordinary shares of 10 pence
each
|
|
|
Identification code
|
ISIN: GB00B0XLRJ79
|
|
b)
|
Nature of the transaction
|
Purchase and grant of ordinary
shares pursuant to the Company's SIP
|
|
c)
|
Price(s) and volumes(s)
|
|
Price(s)
|
Volume(s)
|
|
(i) 482p
|
373
|
|
(ii) nil
|
1,492
|
|
|
d)
|
Aggregated information
|
N/A (single transactions)
|
|
e)
|
Date of the transaction
|
2024-04-11
|
|
f)
|
Place of the transaction
|
London Stock Exchange, AIM
(XLON)
|
Notes to Editors:
B.P. Marsh's current portfolio
contains fifteen 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 over ten years.
- Ends
-