Source - LSE Regulatory
RNS Number : 0630D
B.P. Marsh & Partners PLC
24 June 2021
 

Date: 24 June 2021

 

B.P. Marsh & Partners Plc

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

 Share Incentive Plan

 

The following correction has been made to the 'Share Incentive Plan' announcement released on 24 June 2021 at 14:00 under RNS Number: 0403D.

 

In the announcement, the number of shares held directly by Daniel Topping was stated in error as being 117,708 shares and should instead have read 118,562 shares.

 

All other details remain unchanged.

 

B.P. Marsh, the specialist investor in early stage financial services businesses, announces that on 21 June 2021 a total of 17,880 ordinary shares of 10p each ("Ordinary Shares") held in the B.P. Marsh SIP Trust, have been granted to eligible employees as part of the Company's HMRC Sanctioned Share Incentive Plan ("SIP").

 

All 10 eligible employees have elected to take up the opportunity to each acquire 596 Ordinary Shares ("Partnership Shares"), equating to approximately £1,800 at the price of invitation.  For every Partnership Share that an eligible employee acquires, the SIP Trust has allocated for nil consideration two Ordinary Shares ("Matching Shares"), equating to an allocation of 1,192 Matching Shares to each eligible employee. As announced on 12 April 2021, each eligible employee was also granted 1,333 free ordinary shares of 10p each ("Free Shares"), representing approximately £3,600 at the market price at the time of invitation. Pursuant to the 2021-22 SIP allocation, each eligible employee will hold an aggregate additional 3,121 Ordinary Shares under the SIP (comprising the issue to each such employee of 596 Partnership Shares and 1,192 Matching Shares on 21 June 2021 and 1,333 Free Shares on 12 April 2021). The 2021-22 Free and Matching Shares are subject to a 1-year forfeiture period.

 

The Directors and Persons Discharging Managerial Responsibilities ("PDMR") have participated in this award and further details of the Directors' and PDMRs' interests in Ordinary Shares (as at today's date, following the award of 2021-22 Free, Partnership and Matching Shares) are set out below:

 

Directors & PDMR

Ordinary Shares held under SIP

Ordinary Shares held under JSOP*

Ordinary Shares held directly

Alice Foulk

26,193

167,465

24,860

Dan Topping

26,780

167,465

118,562** 

Jon Newman

26,780

167,465

18,317

Sinead O'Haire

26,780

167,465

24,695

 

* The Company's Joint Share Ownership Plan, details of which were announced on 12th June 2018

**In aggregate including 11,434 shares held by his spouse.

 

 

For further information:

 

B.P. Marsh & Partners Plc                                                              www.bpmarsh.co.uk

Brian Marsh OBE                                                                                +44 (0)20 7233 3112

 

Nominated Adviser & Broker

Panmure Gordon

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 ordinary shares pursuant to the Company's SIP

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

(i)  302p

596

(ii) nil

1,192

d)

Aggregated information

N/A (single transaction)

e)

Date of the transaction

2021-06-21

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 ordinary shares pursuant to the Company's SIP

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

(i)  302p

596

(ii) nil

1,192

d)

Aggregated information

N/A (single transaction)

e)

Date of the transaction

2021-06-21

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 ordinary shares pursuant to the Company's SIP

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

(i)  302p

596

(ii) nil

1,192

d)

Aggregated information

N/A (single transaction)

e)

Date of the transaction

2021-06-21

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 ordinary shares pursuant to the Company's SIP

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

(i)  302p

596

(ii) nil

1,192

d)

Aggregated information

N/A (single transaction)

e)

Date of the transaction

2021-06-21

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.

- Ends -

 

 

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