REG - B.P. Marsh &Partners - Award of Shares under Share Incentive Plan

B.P. Marsh & PartnersAnnouncement

08/04/2022 09:45

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RNS Number : 7928H  B.P. Marsh & Partners PLC  08 April 2022

Date: 8 April 2022

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 7(th) April 2022 a further 31,801 ordinary
shares of 10 pence each ("Ordinary Shares") in the Company have been granted
to eligible employees pursuant to a Share Incentive Plan (the "SIP") (as
announced originally on 29(th) 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 11 eligible employees applied
for the 2022-23 SIP awards and have each been granted 1,157 Ordinary Shares
("2022-23 Free Shares"), representing £3,598 at a price of £3.11 per
Ordinary Share. Furthermore, all eligible employees have elected to take up
the opportunity to acquire 578 Ordinary Shares ("2022-23 Partnership Shares"),
equating to £1,798 at a price of £3.11 per Ordinary Share.  For every
Partnership Share that an employee acquires, the SIP Trust has awarded two
free Ordinary Shares ("2022-23 Matching Shares") equating to 1,156 Ordinary
Shares to each participating employee. In aggregate, each eligible employee
will hold an additional 2,891 Ordinary Shares under the SIP. The 2022-23 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 2022-23 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                         20,964                                          167,465                                           23,428
 Daniel Topping                      21,551                                          167,465                                           123,111** ***
 Jon Newman                          29,671                                          167,465                                           18,317
 Sinead O'Haire                      29,671                                          167,465                                           24,695

 

* The Company's Joint Share Ownership Plan, details of which were announced on
12(th) June 2018

**In aggregate including 11,434 shares held by Mr Topping's spouse.

*** The Company notes that an error was made in its announcement dated 9(th)
November 2021 which incorrectly stated that Daniel Topping had purchased 664
Ordinary Shares in the Company.  The correct amount purchased was 644
Ordinary Shares and therefore the figure stated above is the correct aggregate
number of Ordinary Shares held directly by Daniel Topping and his spouse.

 

The awards were made by utilising the 13,646 unallocated shares in the B.P.
Marsh SIP Trust with the remaining 18,155 shares required to make the award
supplied from unallocated shares in the B.P. Marsh & Partners Plc Joint
Share Ownership Plan which were previously allocated to employees who ceased
employment before the shares had vested (details of which were announced on
12(th) June 2018).

 

 For further information:

 B.P. Marsh & Partners Plc                                    www.bpmarsh.co.uk (http://www.bpmarsh.co.uk)

 Brian Marsh OBE                                              +44 (0)20 7233 3112

 Panmure Gordon (UK) Limited                                  +44 (0)20 7886 2500

 Atholl Tweedie / Charles Leigh Pemberton / Ailsa MacMaster

 Tavistock Communications Limited                             bpmarsh@tavistock.co.uk (mailto:bpmarsh@tavistock.co.uk)

 Simon Hudson / Tim Pearson                                   +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                                    Grant of ordinary shares pursuant to the Company's SIP
 c)  Price(s) and volumes(s)                                      Price(s)    Volume(s)
                                                                  (i)  311p   578
                                                                  (ii) nil    2,313
 d)  Aggregated information                                       N/A (single transaction)
 e)  Date of the transaction                                      2022-04-07
 f)  Place of the transaction                                     London Stock Exchange, AIM (XLON)

d)

Aggregated information

N/A (single transaction)

e)

Date of the transaction

2022-04-07

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                                    Grant of ordinary shares pursuant to the Company's SIP
 c)  Price(s) and volumes(s)                                      Price(s)    Volume(s)
                                                                  (i)  311p   578
                                                                  (ii) nil    2,313
 d)  Aggregated information                                       N/A (single transaction)
 e)  Date of the transaction                                      2022-04-07
 f)  Place of the transaction                                     London Stock Exchange, AIM (XLON)

d)

Aggregated information

N/A (single transaction)

e)

Date of the transaction

2022-04-07

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                                    Grant of ordinary shares pursuant to the Company's SIP
 c)  Price(s) and volumes(s)                                      Price(s)    Volume(s)
                                                                  (i)  311p   578
                                                                  (ii) nil    2,313
 d)  Aggregated information                                       N/A (single transaction)
 e)  Date of the transaction                                      2022-04-07
 f)  Place of the transaction                                     London Stock Exchange, AIM (XLON)

d)

Aggregated information

N/A (single transaction)

e)

Date of the transaction

2022-04-07

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                                    Grant of ordinary shares pursuant to the Company's SIP
 c)  Price(s) and volumes(s)                                      Price(s)    Volume(s)
                                                                  (i)  311p   578
                                                                  (ii) nil    2,313
 d)  Aggregated information                                       N/A (single transaction)
 e)  Date of the transaction                                      2022-04-07
 f)  Place of the transaction                                     London Stock Exchange, AIM (XLON)

d)

Aggregated information

N/A (single transaction)

e)

Date of the transaction

2022-04-07

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                             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 financial instrument, type of instrument  Ordinary shares of 10 pence each
     Identification code                                          ISIN: GB00B0XLRJ79
 b)  Nature of the transaction                                    Purchase of Ordinary Shares via SIPP
 c)  Price(s) and volumes(s)                                      Price(s)    Volume(s)
                                                                  (i)  3.38   644
 d)  Aggregated information                                       N/A (single transaction)
 e)  Date of the transaction                                      2021-11-05
 f)  Place of the transaction                                     London Stock Exchange, AIM (XLON)

d)

Aggregated information

N/A (single transaction)

e)

Date of the transaction

2021-11-05

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
(http://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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