Date: 12 April 2021
On behalf of: B.P. Marsh & Partners Plc
Immediate release
B.P. Marsh & Partners Plc
("B.P. Marsh" or the "Company")
Share Incentive Plan and PDMR dealings
B.P. Marsh, the specialist venture capital provider to early stage financial services businesses, announces that on 12th April 2021, a total of 33,320 ordinary shares of 10p each ("Ordinary Shares") which were being held in treasury were transferred to the B.P. Marsh SIP Trust. As a result, together with the previously unallocated shares, the B.P. Marsh SIP Trust has 35,314 Ordinary Shares available for allocation.
Subsequently 13,330 Ordinary Shares, held in the B.P. Marsh SIP Trust, have been awarded to eligible employees as part of the Company's HMRC Sanctioned Share Incentive Plan ("SIP") as 'Free Shares' ("2021 Free Share Award").
A total of 10 eligible employees applied for the 2020 Free Share Award and have each been granted 1,333 Ordinary Shares, representing in value approximately £3,600 at the market price at the time of invitation. The 2021 Free Share Award is subject to a 1-year forfeiture period.
Certain Directors and Persons Discharging Managerial Responsibilities ("PDMR") have participated in this award and further details of those Directors' and PDMRs' interests in Ordinary Shares (as at today's date, following the award of 2021 Free Share Award) are set out below:
| Directors & PDMR | Ordinary Shares held under SIP | Ordinary Shares held under JSOP | Ordinary Shares held directly |
| Alice Foulk | 24,405 | 167,465 | 23,428 |
| Dan Topping | 24,992 | 167,465 | 117,121* |
| Jon Newman | 24,992 | 167,465 | 18,317 |
| Sinead O'Haire | 24,992 | 167,465 | 24,695 |
*In aggregate including 11,434 shares held by his spouse.
At the date of this announcement, the total number of Ordinary Shares in issue is 37,466,000, and the total number of current voting rights in B.P. Marsh, is 37,456,458. The Company holds 9,542 Ordinary Shares in Treasury. The figure of 37,456,458 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:
| B.P. Marsh & Partners Plc | |
| Brian Marsh OBE | +44 (0)20 7233 3112 |
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| Nominated Adviser & Broker Panmure Gordon |
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Atholl Tweedie / Charles Leigh-Pemberton / Ailsa MacMaster |
+44 (0)20 7886 2500 |
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 free ordinary shares pursuant to the Company's SIP | ||||||
| c) | Price(s) and volumes(s) |
| ||||||
| d) | Aggregated information | N/A (single transaction) | ||||||
| e) | Date of the transaction | 2021-04-12 | ||||||
| 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 free ordinary shares pursuant to the Company's SIP | ||||||
| c) | Price(s) and volumes(s) |
| ||||||
| d) | Aggregated information | N/A (single transaction) | ||||||
| e) | Date of the transaction | 2021-04-12 | ||||||
| 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 free ordinary shares pursuant to the Company's SIP | ||||||
| c) | Price(s) and volumes(s) |
| ||||||
| d) | Aggregated information | N/A (single transaction) | ||||||
| e) | Date of the transaction | 2021-04-12 | ||||||
| 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 free ordinary shares pursuant to the Company's SIP | ||||||
| c) | Price(s) and volumes(s) |
| ||||||
| d) | Aggregated information | N/A (single transaction) | ||||||
| e) | Date of the transaction | 2021-04-12 | ||||||
| f) | Place of the transaction | London Stock Exchange, AIM (XLON) | ||||||
Notes to Editors:
B.P. Marsh's current portfolio contains eighteen companies. More detailed descriptions of the portfolio can be found at 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.
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