TIDMBPM
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 GBP3,600 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 & Ordinary Shares Ordinary Shares Ordinary Shares
PDMR held under held under held directly
SIP JSOP
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 +44 (0)20 7233 3112
Nominated Adviser & Broker
Panmure Gordon
Atholl Tweedie / Charles Leigh-Pemberton
/ Ailsa MacMaster +44 (0)20 7886 2500
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 Initial
/ amendment
--------------------------- -----------------------------------
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 Ordinary shares of 10 pence each
financial instrument,
type of instrument
--------------------------- -----------------------------------
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 Initial
/ amendment
--------------------------- -----------------------------------
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 Ordinary shares of 10 pence each
financial instrument,
type of instrument
--------------------------- -----------------------------------
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 Initial
/ amendment
--------------------------- -----------------------------------
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 Ordinary shares of 10 pence each
financial instrument,
type of instrument
--------------------------- -----------------------------------
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 Initial
/ amendment
-------------------------- ------------------------------------
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 Ordinary shares of 10 pence each
financial instrument,
type of instrument
-------------------------- ------------------------------------
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.
- Ends -
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END
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