Director/PDMR Shareholding

RNS Number : 1946V

B.P. Marsh & Partners PLC

12 April 2021

 

Date: 12 April 2021

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

Immediate release

B.P. Marsh & Partners Plc

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

Share Incentive Plan and PDMR dealings

B.P. Marsh, the specialist venture capital provider to early stage financial services businesses, announces that on 12^th April 2021, a total of 33,320 ordinary shares of 10p each ("Ordinary Shares") which were being held in treasury were transferred to the B.P. Marsh SIP Trust. As a result, together with the previously unallocated shares, the B.P. Marsh SIP Trust has 35,314 Ordinary Shares available for allocation.

Subsequently 13,330 Ordinary Shares, held in the B.P. Marsh SIP Trust, have been awarded to eligible employees as part of the Company's HMRC Sanctioned Share Incentive Plan ("SIP") as 'Free Shares' ("2021 Free Share Award").

A total of 10 eligible employees applied for the 2020 Free Share Award and have each been granted 1,333 Ordinary Shares, representing in value approximately £3,600 at the market price at the time of invitation. The 2021 Free Share Award is subject to a 1-year forfeiture period.

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

Directors & PDMR	Ordinary Shares held under SIP	Ordinary Shares held under JSOP	Ordinary Shares held directly
Alice Foulk	24,405	167,465	23,428
Dan Topping	24,992	167,465	117,121*
Jon Newman	24,992	167,465	18,317
Sinead O'Haire	24,992	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 current voting rights in B.P. Marsh, is 37,456,458. The Company holds 9,542 Ordinary Shares in Treasury. The figure of 37,456,458 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 free ordinary shares pursuant to the Company's SIP
c)	Price(s) and volumes(s)	Price(s) Volume(s) (ii) 0 1,333
d)	Aggregated information	N/A (single transaction)
e)	Date of the transaction	2021-04-12
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 free ordinary shares pursuant to the Company's SIP
c)	Price(s) and volumes(s)	Price(s) Volume(s) (ii)  0 1,333
d)	Aggregated information	N/A (single transaction)
e)	Date of the transaction	2021-04-12
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 free ordinary shares pursuant to the Company's SIP
c)	Price(s) and volumes(s)	Price(s) Volume(s) (ii)  0 1,333
d)	Aggregated information	N/A (single transaction)
e)	Date of the transaction	2021-04-12
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 free ordinary shares pursuant to the Company's SIP
c)	Price(s) and volumes(s)	Price(s) Volume(s) (ii)  0 1,333
d)	Aggregated information	N/A (single transaction)
e)	Date of the transaction	2021-04-12
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. 

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