10 September 2021
B.P. Marsh & Partners Plc
PDMR and Director Dealings
B.P. Marsh (AIM: BPM), the specialist investor in early stage financial services businesses, announces that it has been notified that Ms. Alice Foulk, Managing Director, and Mr. Daniel Topping, Chief Investment Officer, on 8th September 2021 sold ordinary shares of 10 pence each in the Company ("Ordinary Shares") held in the B.P. Marsh SIP Trust, as part of the Company's HMRC Sanctioned Share Incentive Plan ("SIP") that was established in March 2016 to incentivise employees of the Company.
Since the SIP's inception five years ago the Company's share price has increased from 148.8p to 322p, an increase of 116%. The Group is therefore pleased to see that this scheme is proving a valuable part of its remuneration structure, aligning the interests of the management team and the shareholders for the long term benefit of the Company.
Alice Foulk has sold 8,120 Ordinary Shares for a price of 323p per share. As a result of the transaction, Alice has a beneficial interest in 23,4281 Ordinary Shares, together with a beneficial interest in the remaining 18,073 Ordinary Shares held in the Company's SIP Trust, representing in aggregate approximately 0.11% of the total voting rights of the Company.
Additionally, Alice, as part of the Company's Joint Share Ownership Plan, has a beneficial interest (as a joint owner alongside JTC Employer Solutions Trustee) over 167,465 Ordinary Shares, representing approximately 0.45% of the total voting rights of the Company.
Dan Topping has also sold 8,120 Ordinary Shares for a price of 323p per share. As a result of the transaction, Dan has a beneficial interest in 118,854 Ordinary Shares (including 11,434 shares owned by his wife Claire Cronin), together with a beneficial interest in 18,660 Ordinary Shares held in the Company's SIP Trust, representing in aggregate approximately 0.37% of the total voting rights of the Company.
Additionally, Dan, as part of the Company's Joint Share Ownership Plan, has a beneficial interest (as a joint owner alongside JTC Employer Solutions Trustee) over 167,465 Ordinary Shares, representing approximately 0.45% of the total voting rights of the Company.
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) |
| ||||
| d) | Aggregated information | N/A | ||||
| e) | Date of the transaction | 21-09-08 | ||||
| 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) |
| ||||
| d) | Aggregated information | N/A | ||||
| e) | Date of the transaction | 21-09-08 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM (XLON) | ||||
1 The Company notes that an error was made in its announcements dated 24 June 2021 which incorrectly stated the direct shareholding of Alice Foulk in the Company. The correct direct shareholding of Ms Foulk in the Company is 23,428 Ordinary Shares, which has not changed since the time of the announcement made on 24 June 2021.
For further information:
| B.P. Marsh & Partners Plc | |
| Brian Marsh OBE | +44 (0)20 7233 3112 |
| | |
| Nominated Adviser & Broker Panmure Gordon (UK) Limited |
|
| Atholl Tweedie / Charles Leigh-Pemberton / Ailsa Macmaster
Financial PR/Investor Relations Tavistock Simon Hudson / Tim Pearson | +44 (0)20 7886 2500
+44 (0)20 7920 3150
|
Notes to Editors:
About B.P. Marsh & Partners Plc
B.P. Marsh's current portfolio contains seventeen 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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