REG - B.P. Marsh &Partners - Proposed Buyback

B.P. Marsh & PartnersAnnouncement

Wed 17:00

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RNS Number : 2928U  B.P. Marsh & Partners PLC  06 August 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR
FROM THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY JURISDICTION WHERE
TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND THE
INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER TO SELL OR ACQUIRE
SECURITIES IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR IN ANY OTHER
JURISDICTION.

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE
INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO.
596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018, AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019 (AS FURTHER AMENDED, VARIED OR SUBSTITUTED FROM TIME TO TIME
AS A MATTER OF UK LAW). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA THE
REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO
BE IN THE PUBLIC DOMAIN.

6 August 2025

B.P. Marsh & Partners Plc

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

Proposed Buyback of up to approximately 0.8 million shares in the Company from
PSC UK Pty Ltd

The Company notes the announcement issued earlier today by PSC UK Pty Ltd (the
"Selling Shareholder"), a wholly owned subsidiary company of the Ardonagh
Group, in which it announced its intention to sell its entire shareholding of
approximately 3.6 million ordinary shares in the Company (the "Placing
Shares") at a price of 650 pence per Placing Share by way of an accelerated
bookbuild to institutional investors (the "Placing"). The Placing Shares
represent approximately 9.8% of the Company's issued share capital.

The Company has notified the Selling Shareholder of its intention to
participate in the Placing for up to 769,231 Placing Shares (the "Proposed
Buyback") at the placing price. The Proposed Buyback will be conducted in
accordance with the Company's existing buyback authority (the "Authority")
granted at its General Meeting held on 2 June 2025 (the "General Meeting").

Given the strength of the Company's balance sheet and the prevailing
circumstances, the Board believes the Proposed Buyback is a good use of the
Company's significant cash balances and expects the Proposed Buyback to be
accretive to the Company's net asset value per share and in the best interest
of all shareholders.

The Company will not receive any proceeds from the Placing.

A further announcement will be made if and when appropriate.

For further information on B.P. Marsh, its strategy, and current portfolio,
please visit 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 7886 2500

 Panmure Liberum Limited

 David Watkins / Atholl Tweedie / Amrit Mahbubani

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

 Singer Capital Markets Advisory LLP

 Charles Leigh Pemberton / 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 / Kuba Stawiski

 

 

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