Director/PDMR Shareholding

RNS Number : 2144R

B.P. Marsh & Partners PLC

26 June 2020

 

Date:  26 June 2020

On behalf of:  B.P. Marsh & Partners Plc

Immediate release

B.P. Marsh & Partners Plc

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

 Share Incentive Plan

B.P. Marsh, the specialist investor in early stage financial services businesses, announces that on 26 June 2020, a total of 25,110 ordinary shares of 10p each ("Ordinary Shares") held in the B.P. Marsh SIP Trust, were granted to eligible employees as part of the Company's HMRC Sanctioned Share Incentive Plan ("SIP").

A total of 10 eligible employees elected to take up the opportunity to acquire 837 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 1,674 Matching Shares to each eligible employee. As announced on 23^rd April 2020, each eligible employee was also granted 1,994 free ordinary shares of 10p each ("Free Shares"), representing approximately £3,600 at the market price at the time of invitation. Pursuant to the issue of the 837 Partnership Shares, 1,674 Matching Shares and 1,994 Free Shares as part of the 20-21 SIP allocation, each eligible employee will hold an aggregate additional 4,505 Ordinary Shares under the SIP. The 20-21 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 20-21 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	23,072	167,465	22,452
Dan Topping	23,659	167,465	108,263*
Jon Newman	23,659	167,465	18,317
Sinead O'Haire	23,659	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 voting rights in B.P. Marsh, is 37,423,138. The Company holds 42,862 Ordinary Shares in Treasury. The figure of 37,423,138 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    www.bpmarsh.co.uk

Brian Marsh OBE    [phone]

Nominated Adviser & Broker

Panmure Gordon

Atholl Tweedie / Charles Leigh-Pemberton / Ailsa MacMaster  [phone]

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) (ii)  2.15 2,511
d)	Aggregated information	N/A (single transaction)
e)	Date of the transaction	2020-06-25
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) (ii)  2.15 2,511
d)	Aggregated information	N/A (single transaction)
e)	Date of the transaction	2020-06-25
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) (ii)  2.15 2,511
d)	Aggregated information	N/A (single transaction)
e)	Date of the transaction	2020-06-25
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) (ii)  2.15 2,511
d)	Aggregated information	N/A (single transaction)
e)	Date of the transaction	2020-06-25
f)	Place of the transaction	London Stock Exchange, AIM (XLON)

Notes to Editors:

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.

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