TIDMBPM
RNS Number : 4614L
B.P. Marsh & Partners PLC
10 September 2021
10 September 2021
B.P. Marsh & Partners Plc
PDMR and Director Dealings
B.P. Marsh (AIM: BPM), the specialist investor in early stage
financial services businesses, announces that it has been notified
that Ms. Alice Foulk, Managing Director, and Mr. Daniel Topping,
Chief Investment Officer, on 8(th) September 2021 sold ordinary
shares of 10 pence each in the Company ("Ordinary Shares") held in
the B.P. Marsh SIP Trust, as part of the Company's HMRC Sanctioned
Share Incentive Plan ("SIP") that was established in March 2016 to
incentivise employees of the Company.
Since the SIP's inception five years ago the Company's share
price has increased from 148.8p to 322p, an increase of 116%. The
Group is therefore pleased to see that this scheme is proving a
valuable part of its remuneration structure, aligning the interests
of the management team and the shareholders for the long term
benefit of the Company.
Alice Foulk has sold 8,120 Ordinary Shares for a price of 323p
per share. As a result of the transaction, Alice has a beneficial
interest in 23,428(1) Ordinary Shares, together with a beneficial
interest in the remaining 18,073 Ordinary Shares held in the
Company's SIP Trust, representing in aggregate approximately 0.11%
of the total voting rights of the Company.
Additionally, Alice, as part of the Company's Joint Share
Ownership Plan, has a beneficial interest (as a joint owner
alongside JTC Employer Solutions Trustee) over 167,465 Ordinary
Shares, representing approximately 0.45% of the total voting rights
of the Company.
Dan Topping has also sold 8,120 Ordinary Shares for a price of
323p per share. As a result of the transaction, Dan has a
beneficial interest in 118,854 Ordinary Shares (including 11,434
shares owned by his wife Claire Cronin), together with a beneficial
interest in 18,660 Ordinary Shares held in the Company's SIP Trust,
representing in aggregate approximately 0.37% of the total voting
rights of the Company.
Additionally, Dan, as part of the Company's Joint Share
Ownership Plan, has a beneficial interest (as a joint owner
alongside JTC Employer Solutions Trustee) over 167,465 Ordinary
Shares, representing approximately 0.45% of the total voting rights
of the Company.
The information below, set out in accordance with the
requirements of the EU Market Abuse Regulation, provides further
detail.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
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 Sale of Ordinary Shares
---------------------------- -----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
GBP3.23 8,120
---------------------------- -----------------------------------
d) Aggregated information N/A
---------------------------- -----------------------------------
e) Date of the transaction 21-09-08
---------------------------- -----------------------------------
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 Sale of Ordinary Shares
---------------------------- -----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
GBP3.23 8,120
---------------------------- -----------------------------------
d) Aggregated information N/A
---------------------------- -----------------------------------
e) Date of the transaction 21-09-08
---------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange, AIM (XLON)
---------------------------- -----------------------------------
(1) The Company notes that an error was made in its
announcements dated 24 June 2021 which incorrectly stated the
direct shareholding of Alice Foulk in the Company. The correct
direct shareholding of Ms Foulk in the Company is 23,428 Ordinary
Shares, which has not changed since the time of the announcement
made on 24 June 2021.
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 (UK) Limited
Atholl Tweedie / Charles Leigh-Pemberton +44 (0)20 7886 2500
/ Ailsa Macmaster
Financial PR/Investor Relations bpmarsh@tavistock.co.uk
Tavistock +44 (0)20 7920 3150
Simon Hudson / Tim Pearson
Notes to Editors:
About B.P. Marsh & Partners Plc
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 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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