REG - B.P. Marsh &Partners - Director/PDMR Shareholding

B.P. Marsh & PartnersAnnouncement

15/11/2023 17:46

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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 (http://www.bpmarsh.co.uk)

 Brian Marsh OBE                                                      +44 (0)20 7233 3112

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

 Atholl Tweedie / Stephen Jones / Amrit Mahbubani / Ailsa MacMaster

 Tavistock Communications Limited                                     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                                    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)

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 / 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 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)

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 / 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 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)

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 / 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 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)

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
(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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