Date: 10 June 2020
On behalf of: B.P. Marsh & Partners PLC ("B.P. Marsh", "the Company" or "the Group")
Immediate release
B.P. Marsh & Partners Plc
PDMR and Director Dealings
B.P. Marsh (AIM: BPM), the specialist investor early stage financial services businesses, announces that it has been notified that Mr. Daniel Topping, Chief Investment Officer, on 9th June 2020 purchased ordinary shares of 10 pence each in the Company ("Ordinary Shares").
Daniel Topping has purchased 2,283 Ordinary Shares for a price of 204p per share. As a result of the transaction, Daniel will have a beneficial interest in 108,263 Ordinary Shares (including 11,434 shares owned by his wife Claire Topping), together with a beneficial interest in 21,148 Ordinary Shares held in the Company's SIP Trust, representing in aggregate approximately 0.35% of the total voting rights of the Company.
Additionally, Daniel, as part of the Company's Joint Share Ownership Plan, has a beneficial interest (as a joint owner alongside RBC CEES Trustee Limited) 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 |
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 via SIPP |
||||
c) |
Price(s) and volumes(s) |
|
||||
d) |
Aggregated information |
N/A |
||||
e) |
Date of the transaction |
20-06-09 |
||||
f) |
Place of the transaction |
London Stock Exchange, AIM (XLON) |
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 |
+44 (0)20 7886 2500 |
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 approaching ten years.
Since its inception B.P. Marsh has delivered an average annual compound increase in NAV of over 10% and this remains one of the Group's core goals for future years.
- Ends -