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

B.P. Marsh & PartnersAnnouncement

12/12/2024 15:30

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RNS Number : 9160P  B.P. Marsh & Partners PLC  12 December 2024

12 December 2024

 

B.P. Marsh & Partners Plc

("B.P. Marsh" or the "Company")

 

PDMR and Director Dealings

 

B.P. Marsh (AIM: BPM), the specialist investor in early-stage financial
services businesses, has been notified of the sale of Ordinary Shares of 10p
each in the Company ("Ordinary Shares") on 11 December 2024 at the open market
price of 740p per share by Ms. Alice Foulk, Managing Director, Mr. Dan
Topping, Chief Investment Officer and Ms. Francesca Chappell, Chief Finance
Officer.  The Ordinary Shares sold were held under the B.P. Marsh Joint Share
Ownership Plan (the "JSOP") ("JSOP Shares").

The JSOP was established on 13 June 2018 and announced by the Company on the
same date. On this date the Employee Participants entered into individual
Joint Ownership Agreements ("JOAs") with JTC Employer Solutions Trustee
Limited (formerly RBC Cees Trustee Limited) (the "EBT") as part of the
Company's remuneration and staff incentive arrangements.

The beneficial interests in the JSOP Shares are jointly held between the
relevant employee and the EBT. The terms of the JOAs included a minimum
vesting period of three years and, subject to the Employee Participant
remaining employed for this duration, state that upon sale of the vested
shares the proceeds of sale will be divided between the joint owners so that
the EBT receives 312.6p per share (which represents the Initial Threshold
Value of 281p plus a hurdle amount of 3.75% per annum during the vesting
period) and the Employee Participant is entitled to the balance of 427.4p per
share. The JOAs matured as fully vested on 13 June 2021 and Ms. Foulk, Mr.
Topping and Ms. Chappell have now partially exercised their right to sell
30,000 JSOP Shares in aggregate.

Alice Foulk has sold 10,000 Ordinary Shares for a price of 740p per share. As
a result of the transaction, Alice's beneficial interest in the Company is as
follows:

 

 Ordinary Shares held under SOP(()(1))  260,000
 Ordinary Shares held under JSOP        80,415
 Ordinary Shares held directly          23,428
 Ordinary Shares held under SIP((2))    15,362
 Total                                  379,205
 Shareholding Percentage                1.02%

 

Dan Topping has also sold 10,000 Ordinary Shares for a price of 740p per
share. As a result of the transaction, Dan's beneficial interest in the
Company is as follows:

 

 Ordinary Shares held under SOP(()(1))  220,000
 Ordinary Shares held under JSOP        157,465
 Ordinary Shares held directly*         142,281
 Ordinary Shares held under SIP((2))    15,949
 Total                                  535,695
 Shareholding Percentage                1.45%

* including 11,434 shares owned by his wife Claire Cronin and 1,758 shares
owned by his daughter Felicity Topping

 

Francesca Chappell has also sold 10,000 Ordinary Shares for a price of 740p
per share. As a result of the transaction, Francesca's beneficial interest in
the Company is as follows:

 

 Ordinary Shares held under SOP(()(1))  137,500
 Ordinary Shares held under JSOP        76,104
 Ordinary Shares held under SIP((2))    15,362
 Ordinary Shares held directly          587
 Total                                  229,553
 Shareholding Percentage                0.62%

 

Notes:

(()(1))         The Company established a Share Option Plan ("SOP") for
certain employees and directors, as announced on 20 November 2023.

((2)())         The Company also established an HMRC approved Share
Incentive Plan ("SIP") during the year to 31 January 2017.

 

The information below, set out in accordance with the requirements of the EU
Market Abuse Regulation, provides further detail.

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

 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                                    Sale of Ordinary Shares
 c)  Price(s) and volumes(s)

Price(s)  Volume(s)

                                                                  £7.40     10,000
 d)  Aggregated information                                       N/A
 e)  Date of the transaction                                      24-12-11
 f)  Place of the transaction                                     London Stock Exchange, AIM (XLON)

d)

Aggregated information

N/A

e)

Date of the transaction

24-12-11

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                                    Sale of Ordinary Shares
 c)  Price(s) and volumes(s)

Price(s)  Volume(s)

                                                                  £7.40     10,000
 d)  Aggregated information                                       N/A
 e)  Date of the transaction                                      24-12-11
 f)  Place of the transaction                                     London Stock Exchange, AIM (XLON)

d)

Aggregated information

N/A

e)

Date of the transaction

24-12-11

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Francesca Chappell (née Lowley)
 2   Reason for notification
 a)  Position / status                                            Chief Finance 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                                    Sale of Ordinary Shares
 c)  Price(s) and volumes(s)

Price(s)  Volume(s)

                                                                  £7.40     10,000
 d)  Aggregated information                                       N/A
 e)  Date of the transaction                                      24-12-11
 f)  Place of the transaction                                     London Stock Exchange, AIM (XLON)

d)

Aggregated information

N/A

e)

Date of the transaction

24-12-11

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

 For further information, please visit www.bpmarsh.co.uk
 (http://www.bpmarsh.co.uk) or contact:

 B.P. Marsh & Partners Plc                            +44 (0)20 7233 3112

 Brian Marsh OBE / Alice Foulk

 Nominated Adviser & Joint Corporate Broker:          +44 (0)20 78862500

 Panmure Liberum Limited

 Atholl Tweedie / Amrit Mahbubani / Ailsa MacMaster

 Joint Corporate Broker:                              +44 (0)20 7496 3000

 Singer Capital Markets Advisory LLP

 Charles Leigh Pemberton / James Moat / Asha Chotai

 Financial PR & Investor Relations:                   bpmarsh@tavistock.co.uk (mailto:bpmarsh@tavistock.co.uk)

 Tavistock                                            +44 (0)20 7920 3150

 Simon Hudson / Katie Hopkins

 

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
(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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