REG - B.P. Marsh &Partners - SIP awards, PDMR dealings, treasury shares & TVR

B.P. Marsh & PartnersAnnouncement

14/04/2025 17:15

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RNS Number : 9726E  B.P. Marsh & Partners PLC  14 April 2025

14 April 2025

B.P. Marsh & Partners Plc

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

 

Award of Shares under Share Incentive Plan

Director/PDMR Dealings and

Transfer of Treasury Shares

 

B.P. Marsh, the specialist investor in early stage financial services
businesses, announces that on 14 April 2025 a further 15,686 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 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 2025-26 SIP awards and have each been granted 571 Ordinary Shares
("2025-26 Free Shares"), representing £3,597.30 at a price of £6.30 per
Ordinary Share. Furthermore, all eligible employees have elected to take up
the opportunity to acquire 285 Ordinary Shares ("2025-26 Partnership Shares"),
equating to £1,795.50 at a price of £6.30 per Ordinary Share.  For every
Partnership Share that an employee acquires, the SIP Trust has awarded two
free Ordinary Shares ("2025-26 Matching Shares") equating to 570 Ordinary
Shares to each participating employee. In aggregate, each eligible employee
will hold an additional 1,426 Ordinary Shares under the SIP. The 2025-26 Free
and Matching Shares are subject to a 1 year forfeiture period.

 

Certain Directors have participated in this award and further details of the
Directors' interests in Ordinary Shares (as at today's date, following the
award of 2025-26 Free, Partnership and Matching Shares) are set out below:

 

 Participating Directors  Ordinary Shares held under SIP  Ordinary Shares held under JSOP((1))  Ordinary Shares held under SOP((2))  Ordinary Shares held directly
 Alice Foulk              16,788                          46,665                                350,000                              23,428
 Daniel Topping           17,375                          123,715                               310,000                              142,281((3))
 Francesca Chappell       16,788                          42,354                                200,000                              1,197

 

((1))         The Company established a Joint Share Ownership Plan
("JSOP") for certain employees and directors, as announced on 12 June 2018.

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

((3)           ) Mr Topping's shareholding of 142,281 is recorded
in aggregate with 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 15,686 unallocated Ordinary Shares in
the B.P. Marsh SIP Trust, which were transferred from Treasury on 14 April
2025.

 

Following the above, the Company's issued share capital consists of 37,100,000
Ordinary Shares of which 8,186 are held in treasury. Therefore, the total
number of Ordinary Shares carrying voting rights in B.P. Marsh is 37,091,814.
The figure of 37,091,814 may be used by shareholders as the denominator for
the calculations by which they will determine whether they are required to
notify their interest in, or a change to their interest in, the Company under
the FCA's Disclosure and Transparency Rules.

 

 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 7886 2500

 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 / Kuba Stawiski

 

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)  630p   285
                                                                  (ii) nil    1,141
 d)  Aggregated information                                       N/A (single transaction)
 e)  Date of the transaction                                      2025-04-14
 f)  Place of the transaction                                     London Stock Exchange, AIM (XLON)

d)

Aggregated information

N/A (single transaction)

e)

Date of the transaction

2025-04-14

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                                    Purchase and grant of ordinary shares pursuant to the Company's SIP
 c)  Price(s) and volumes(s)                                      Price(s)    Volume(s)
                                                                  (i)  630p   285
                                                                  (ii) nil    1,141
 d)  Aggregated information                                       N/A (single transaction)
 e)  Date of the transaction                                      2025-04-14
 f)  Place of the transaction                                     London Stock Exchange, AIM (XLON)

d)

Aggregated information

N/A (single transaction)

e)

Date of the transaction

2025-04-14

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
 2   Reason for notification
 a)  Position / status                                            Group 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                                    Purchase and grant of ordinary shares pursuant to the Company's SIP
 c)  Price(s) and volumes(s)                                      Price(s)    Volume(s)
                                                                  (i)  630p   285
                                                                  (ii) nil    1,141
 d)  Aggregated information                                       N/A (single transaction)
 e)  Date of the transaction                                      2025-04-14
 f)  Place of the transaction                                     London Stock Exchange, AIM (XLON)

d)

Aggregated information

N/A (single transaction)

e)

Date of the transaction

2025-04-14

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

 

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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