REG - B.P. Marsh &Partners - Award of Shares under Share Incentive Plan
12/04/2024 11:15
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RNS Number : 4615K B.P. Marsh & Partners PLC 12 April 2024
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 (http://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 (mailto: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)
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)
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)
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)
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
(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 over ten
years.
- Ends -
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