TIDMBPM
RNS Number : 2144R
B.P. Marsh & Partners PLC
26 June 2020
Date: 26 June 2020
On behalf of: B.P. Marsh & Partners Plc
Immediate release
B.P. Marsh & Partners Plc
("B.P. Marsh" or the "Company")
Share Incentive Plan
B.P. Marsh, the specialist investor in early stage financial
services businesses, announces that on 26 June 2020, a total of
25,110 ordinary shares of 10p each ("Ordinary Shares") held in the
B.P. Marsh SIP Trust, were granted to eligible employees as part of
the Company's HMRC Sanctioned Share Incentive Plan ("SIP").
A total of 10 eligible employees elected to take up the
opportunity to acquire 837 Ordinary Shares ("Partnership Shares"),
equating to approximately GBP1,800 at the price of invitation. For
every Partnership Share that an eligible employee acquires, the SIP
Trust has allocated for nil consideration two Ordinary Shares
("Matching Shares"), equating to an allocation of 1,674 Matching
Shares to each eligible employee. As announced on 23(rd) April
2020, each eligible employee was also granted 1,994 free ordinary
shares of 10p each ("Free Shares"), representing approximately
GBP3,600 at the market price at the time of invitation. Pursuant to
the issue of the 837 Partnership Shares, 1,674 Matching Shares and
1,994 Free Shares as part of the 20-21 SIP allocation, each
eligible employee will hold an aggregate additional 4,505 Ordinary
Shares under the SIP. The 20-21 Free and Matching Shares are
subject to a 1 year forfeiture period.
The Directors and 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 20-21 Free,
Partnership and Matching Shares) are set out below:
Directors & Ordinary Shares Ordinary Shares Ordinary Shares
PDMR held under held under held directly
SIP JSOP
Alice Foulk 23,072 167,465 22,452
---------------- ---------------- ----------------
Dan Topping 23,659 167,465 108,263*
---------------- ---------------- ----------------
Jon Newman 23,659 167,465 18,317
---------------- ---------------- ----------------
Sinead O'Haire 23,659 167,465 24,695
---------------- ---------------- ----------------
*In aggregate including 11,434 shares held by his spouse.
At the date of this announcement, the total number of Ordinary
Shares in issue is 37,466,000, and the total number of voting
rights in B.P. Marsh, is 37,423,138. The Company holds 42,862
Ordinary Shares in Treasury. The figure of 37,423,138 may be used
by shareholders as the denominator for the calculations by which
they will determine whether they are required to notify their
interest in, or a change to their interest in, the Company under
the FCA's Disclosure and Transparency Rules.
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 / Charles Leigh-Pemberton / Ailsa MacMaster +44 (0)20 7886 2500
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 ordinary shares pursuant
to the Company's SIP
--------------------------- -----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
(ii) 2.15 2,511
--------------------------- -----------------------------------
d) Aggregated information N/A (single transaction)
--------------------------- -----------------------------------
e) Date of the transaction 2020-06-25
--------------------------- -----------------------------------
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 ordinary shares pursuant
to the Company's SIP
--------------------------- -----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
(ii) 2.15 2,511
--------------------------- -----------------------------------
d) Aggregated information N/A (single transaction)
--------------------------- -----------------------------------
e) Date of the transaction 2020-06-25
--------------------------- -----------------------------------
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 ordinary shares pursuant
to the Company's SIP
--------------------------- -----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
(ii) 2.15 2,511
--------------------------- -----------------------------------
d) Aggregated information N/A (single transaction)
--------------------------- -----------------------------------
e) Date of the transaction 2020-06-25
--------------------------- -----------------------------------
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 ordinary shares pursuant
to the Company's SIP
-------------------------- ------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
(ii) 2.15 2,511
-------------------------- ------------------------------------
d) Aggregated information N/A (single transaction)
-------------------------- ------------------------------------
e) Date of the transaction 2020-06-25
-------------------------- ------------------------------------
f) Place of the transaction London Stock Exchange, AIM (XLON)
-------------------------- ------------------------------------
Notes to Editors:
B.P. Marsh's current portfolio contains seventeen companies.
More detailed descriptions of the portfolio can be found at
www.bpmarsh.co.uk .
Since formation over 25 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
DSHGIGDLLDDDGGL
(END) Dow Jones Newswires
June 26, 2020 04:28 ET (08:28 GMT)
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