Director/PDMR Shareholding

RNS Number : 5081U

B.P. Marsh & Partners PLC

12 July 2018

 

Date: 12 July 2018

On behalf of: B.P. Marsh & Partners PLC ("B.P. Marsh", "the Company" or "the Group")

B.P. Marsh & Partners Plc

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

PDMR shareholdings

Further to the Placing and Open Offer announced on 12 June 2018 and the Results of General Meeting and Open Offer announced on 6 July 2018, the Company makes the following disclosure in respect of the participation in the Open Offer by certain Directors / PDMRs who subscribed for the number of Open Offer Shares as set out below.

Name	Number of Open Offer Shares subscribed for at the Issue Price	Number of Ordinary Shares now held 1	Percentage of Ordinary Shares now held 1
Ms. Alice Foulk	766	187,617	0.50%
Mr. Daniel Topping	3,822	252,951	0.67%
Mr. Jonathan Newman	968	187,891	0.50%
Ms. Camilla Kenyon	921	189,632	0.51%
Mr. Campbell Scoones	2,798	53,798	0.14%
Mr. Pankaj Lakhani	1,912	36,912	0.10%
Ms. Sinead O'Haire	1,750	200,526	0.54%

Notes:

1 Includes any interests of the Directors in any Ordinary Shares which have been issued and allotted to the Directors under the 2018 JSOP and/or the Company's Share Incentive Plan.

Additionally, further to the Placing and Open Offer announced on 12 June 2018 and the Results of General Meeting and Open Offer announced on 6 July 2018, the Company makes the disclosure below in respect of the transfer of Sale Shares to the Investor by B.P. Marsh Management Limited (a company wholly owned by Brian Marsh, the Executive Chairman of the Group), in accordance with article 19(3) of the Market Abuse Regulation.

The capitalised terms used but not defined in this announcement have the meaning set out in Appendix III to the placing announcement released on 12 June 2018.

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	B.P. Marsh Management Limited
2	Reason for notification
a)	Position / status	Closely Associated Person to Executive Chairman Brian Marsh
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 pursuant to the Placing
c)	Price(s) and volumes(s)	Price(s) Volume(s) £2.52 1,166,310
d)	Aggregated information	Price(s) Volume(s) N/A
e)	Date of the transaction	18-07-09
f)	Place of the transaction	London Stock Exchange, AIM (XLON)

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 of Ordinary Shares under Open Offer
c)	Price(s) and volumes(s)	Price(s) Volume(s) £2.52 766
d)	Aggregated information	N/A
e)	Date of the transaction	18-07-09
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 of Ordinary Shares under Open Offer
c)	Price(s) and volumes(s)	Price(s) Volume(s) £2.52 3,822
d)	Aggregated information	N/A
e)	Date of the transaction	18-07-09
f)	Place of the transaction	London Stock Exchange, AIM (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Camilla Kenyon
2	Reason for notification
a)	Position / status	Executive 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 of Ordinary Shares under Open Offer
c)	Price(s) and volumes(s)	Price(s) Volume(s) £2.52 921
d)	Aggregated information	N/A
e)	Date of the transaction	18-07-09
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	Purchase of Ordinary Shares under Open Offer
c)	Price(s) and volumes(s)	Price(s) Volume(s) £2.52 968
d)	Aggregated information	N/A
e)	Date of the transaction	18-07-09
f)	Place of the transaction	London Stock Exchange, AIM (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Campbell Scoones
2	Reason for notification
a)	Position / status	Non-Executive 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 of Ordinary Shares under Open Offer
c)	Price(s) and volumes(s)	Price(s) Volume(s) £2.52 2,798
d)	Aggregated information	N/A
e)	Date of the transaction	18-07-09
f)	Place of the transaction	London Stock Exchange, AIM (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Pankaj Lakhani
2	Reason for notification
a)	Position / status	Non-Executive 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 of Ordinary Shares under Open Offer
c)	Price(s) and volumes(s)	Price(s) Volume(s) £2.52 1,912
d)	Aggregated information	N/A
e)	Date of the transaction	18-07-09
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	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	Purchase of Ordinary Shares under Open Offer
c)	Price(s) and volumes(s)	Price(s) Volume(s) £2.52 1,750
d)	Aggregated information	N/A
e)	Date of the transaction	18-07-09
f)	Place of the transaction	London Stock Exchange, AIM (XLON)

For further information:

B.P. Marsh & Partners Plc	www.bpmarsh.co.uk
Brian Marsh OBE / Camilla Kenyon	[phone]
Nominated Adviser & Broker Panmure Gordon (UK) Limited
Atholl Tweedie / Charles Leigh-Pemberton / Sandra Björck	[phone]
Redleaf Communications
Emma Kane / Elizabeth Cowell	[phone]
Email: [e-mail]

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 25 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 at least five years.

Prior to Brian Marsh's involvement in the Company, he spent many years in insurance broking and underwriting in Lloyd's as well as the London and overseas market. He has over 30 years' experience in building, buying and selling financial services businesses, particularly in the insurance sector.

Alice Foulk joined B.P. Marsh in September 2011 having started her career at a leading Life Assurance company. In 2014 she took over as Executive Assistant to the Chairman, running the Chairman's Office and established herself as a central part of the management team.

In February 2015 she was appointed as a Director of B.P. Marsh and a member of the Investment Committee. In January 2016 Alice was appointed Managing Director of B.P. Marsh.

In her position as Managing Director, Alice is responsible for the overall performance of the Company and monitoring the Company's overall progress towards achieving the objectives and goals of the Company, as set by the Board.

Dan Topping is the Chief Investment Officer of B.P. Marsh, having been appointed as a Director in 2011. He joined the Company in February 2007, following two years at an independent London accountancy practice. Dan is the Senior Executive with overall responsibility for the portfolio and investment strategy of B.P. Marsh.

Dan graduated from the University of Durham in 2005 and is a member of the Securities and Investment Institute and the Institute of Chartered Secretaries and Administrators.

Dan is a standing member of the B.P. Marsh Investment and Valuation Committees and currently serves as a Board Director across the portfolio.

Camilla Kenyon (Millie) was appointed to the main Board in 2011, following her appointment as Head of Investor Relations in 2009. She has dual responsibilities within the Group, running both Investor Relations and the New Business Department and is Chair of the New Business Committee evaluating new investment opportunities.

Millie is nominee director in one investee company and is a member of the Investment Committee. She has over 20 years of experience in the financial services industry, including numerous Board appointments and is a Member of the Investor Relations Society.

Jonathan Newman is a Chartered Management Accountant and is the Group Director of Finance and has over 17 years' experience in the financial services industry. Jon graduated from the University of Sheffield with an honours degree in Business Studies and joined the Group in November 1999, following two years at Euler Trade Indemnity and two years at a Chartered Accountants. Jon is a Member of the Chartered Global Management Accountants, the Chartered Management Accountants and the Chartered Institute of Securities and Investment.

Jon was appointed a Director of B.P. Marsh & Company Limited in September 2001, and Group Finance Director in December 2003 and was instrumental in the admission of the Group to AIM in February 2006. Jon is a member of the B.P. Marsh Investment and Valuation Committees and currently serves as a Board Director for Walsingham Motor Insurance Limited, and provides senior financial support and advice to all companies within the Group's portfolio as well as evaluating new investment opportunities.

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