Investee Company Update

RNS Number : 5967E

B.P. Marsh & Partners PLC

13 May 2013

 

Date:                            13^th May 2013

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

Immediate release

B.P. Marsh & Partners Plc

Investee Company Update

B.P. Marsh & Partners Plc (AIM:  BPM), a niche venture capital provider to early stage financial services businesses, is pleased to announce that following the £25m placing of new shares by Randall & Quilter Investment Holdings plc ("R&Q") being approved by its shareholders and the shares being admitted to the market, the Company is today subscribing to its pro-rata proportion, at 120p per share, increasing the number of R&Q shares it owns from 667,978 to 948,831.

For further information:

B.P. Marsh & Partners Plc                                                                         www.bpmarsh.co.uk

Brian Marsh OBE                                                                                             [phone]

Nominated Adviser & Broker

Panmure Gordon

Hugh Morgan / Fred Walsh                                                                              [phone]

Notes to Editors:

About B.P. Marsh & Partners Plc

B.P. Marsh's current portfolio contains nine companies. More detailed descriptions of the portfolio can be found at www.bpmarsh.co.uk.

Since formation over 20 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 four 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.

Jonathan Newman is a Chartered Management Accountant and is the Group Director of Finance and has over 15 years' experience in the financial services industry. Jonathan advises investee companies through three non-executive board appointments and evaluates new investment opportunities.

Daniel Topping is a Member of the Chartered Institute of Securities and Investment (MCSI) and an Associate of the Institute of Chartered Secretaries and Administrators (ACIS), having graduated from the University of Durham in 2005. Dan joined B.P. Marsh in February 2007 having started his career at an accountancy firm. In 2011 he was appointed as a director of B.P. Marsh and currently has a number of non-executive appointments over four investee companies and evaluates new investment opportunities.

Camilla Kenyon was appointed as Head of Investor Relations at B.P. Marsh in February 2009, having four years' prior experience with the Company. Camilla holds two non-executive appointments, is Chair of the New Business Committee and is a Member of the Investor Relations Society.

Natasha Dunbar has over 18 years' experience in the financial services industry. Having joined the Company in 1994 she was made managing director in March 2002, subsequently becoming a non-executive director of the Company in 2008, a position she held for five years. Natasha was reappointed as a Director in February 2013 and holds non-executive appointments at three of the Group's investee companies.

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