Share Incentive Plan

RNS Number : 0403D

B.P. Marsh & Partners PLC

24 June 2021

 

Date: 24 June 2021

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 21 June 2021 a total of 17,880 ordinary shares of 10p each ("Ordinary Shares") held in the B.P. Marsh SIP Trust, have been granted to eligible employees as part of the Company's HMRC Sanctioned Share Incentive Plan ("SIP").

All 10 eligible employees have elected to take up the opportunity to each acquire 596 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 1,192 Matching Shares to each eligible employee. As announced on 12 April 2021, each eligible employee was also granted 1,333 free ordinary shares of 10p each ("Free Shares"), representing approximately £3,600 at the market price at the time of invitation. Pursuant to the 2021-22 SIP allocation, each eligible employee will hold an aggregate additional 3,121 Ordinary Shares under the SIP (comprising the issue to each such employee of 596 Partnership Shares and 1,192 Matching Shares on 21 June 2021 and 1,333 Free Shares on 12 April 2021). The 2021-22 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 2021-22 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	26,193	167,465	24,860
Dan Topping	26,780	167,465	117,708**
Jon Newman	26,780	167,465	18,317
Sinead O'Haire	26,780	167,465	24,695

* The Company's Joint Share Ownership Plan, details of which were announced on 12^th June 2018

**In aggregate including 11,434 shares held by his spouse.

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) (i)  302p 596 (ii) nil 1,192
d)	Aggregated information	N/A (single transaction)
e)	Date of the transaction	2021-06-21
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) (i)  302p 596 (ii) nil 1,192
d)	Aggregated information	N/A (single transaction)
e)	Date of the transaction	2021-06-21
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) (i)  302p 596 (ii) nil 1,192
d)	Aggregated information	N/A (single transaction)
e)	Date of the transaction	2021-06-21
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) (i)  302p 596 (ii) nil 1,192
d)	Aggregated information	N/A (single transaction)
e)	Date of the transaction	2021-06-21
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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