TIDMBPM
RNS Number : 7928H
B.P. Marsh & Partners PLC
08 April 2022
Date: 8 April 2022
B.P. Marsh & Partners Plc
("B.P. Marsh" or the "Company")
Award of Shares under Share Incentive Plan
Director/PDMR Dealings
B.P. Marsh, the specialist investor in early stage financial
services businesses, announces that on 7(th) April 2022 a further
31,801 ordinary shares of 10 pence each ("Ordinary Shares") in the
Company have been granted to eligible employees pursuant to a Share
Incentive Plan (the "SIP") (as announced originally on 29(th) March
2016).
Under the SIP, Ordinary Shares are acquired in three ways:
-- Partnership Shares, where an employee can purchase up to GBP1,800 worth of shares;
-- Matching Shares, where B.P. Marsh can give up to two free
Matching Shares for each Partnership Share bought; and
-- Free Shares, where the Company can give each eligible
employee up to GBP3,600 worth of free shares in any tax year.
In accordance with the SIP's rules, a total of 11 eligible
employees applied for the 2022-23 SIP awards and have each been
granted 1,157 Ordinary Shares ("2022-23 Free Shares"), representing
GBP3,598 at a price of GBP3.11 per Ordinary Share. Furthermore, all
eligible employees have elected to take up the opportunity to
acquire 578 Ordinary Shares ("2022-23 Partnership Shares"),
equating to GBP1,798 at a price of GBP3.11 per Ordinary Share. For
every Partnership Share that an employee acquires, the SIP Trust
has awarded two free Ordinary Shares ("2022-23 Matching Shares")
equating to 1,156 Ordinary Shares to each participating employee.
In aggregate, each eligible employee will hold an additional 2,891
Ordinary Shares under the SIP. The 2022-23 Free and Matching Shares
are subject to a 1 year forfeiture period.
Certain Directors and other 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 2022-23 Free,
Partnership and Matching Shares) are set out below:
Participating Total number Total number Total number
Directors & of Ordinary of Ordinary of Ordinary
PDMR Shares held Shares held Shares held
under SIP under JSOP* directly
Alice Foulk 20,964 167,465 23,428
------------- ------------- --------------
Daniel Topping 21,551 167,465 123,111** ***
------------- ------------- --------------
Jon Newman 29,671 167,465 18,317
------------- ------------- --------------
Sinead O'Haire 29,671 167,465 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 Mr Topping's
spouse.
*** The Company notes that an error was made in its announcement
dated 9(th) November 2021 which incorrectly stated that Daniel
Topping had purchased 664 Ordinary Shares in the Company. The
correct amount purchased was 644 Ordinary Shares and therefore the
figure stated above is the correct aggregate number of Ordinary
Shares held directly by Daniel Topping and his spouse.
The awards were made by utilising the 13,646 unallocated shares
in the B.P. Marsh SIP Trust with the remaining 18,155 shares
required to make the award supplied from unallocated shares in the
B.P. Marsh & Partners Plc Joint Share Ownership Plan which were
previously allocated to employees who ceased employment before the
shares had vested (details of which were announced on 12(th) June
2018).
For further information:
B.P. Marsh & Partners Plc www.bpmarsh.co.uk
Brian Marsh OBE +44 (0)20 7233 3112
Panmure Gordon (UK) Limited
Atholl Tweedie / Charles Leigh
Pemberton / Ailsa MacMaster +44 (0)20 7886 2500
Tavistock Communications Limited bpmarsh@tavistock.co.uk
Simon Hudson / Tim Pearson +44 (0)20 7920 3150
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 ordinary shares pursuant
to the Company's SIP
--------------------------- -----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
(i) 311p 578
(ii) nil 2,313
--------------------------- -----------------------------------
d) Aggregated information N/A (single transaction)
--------------------------- -----------------------------------
e) Date of the transaction 2022-04-07
--------------------------- -----------------------------------
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 ordinary shares pursuant
to the Company's SIP
--------------------------- -----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
(i) 311p 578
(ii) nil 2,313
--------------------------- -----------------------------------
d) Aggregated information N/A (single transaction)
--------------------------- -----------------------------------
e) Date of the transaction 2022-04-07
--------------------------- -----------------------------------
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 ordinary shares pursuant
to the Company's SIP
--------------------------- -----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
(i) 311p 578
(ii) nil 2,313
--------------------------- -----------------------------------
d) Aggregated information N/A (single transaction)
--------------------------- -----------------------------------
e) Date of the transaction 2022-04-07
--------------------------- -----------------------------------
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 ordinary shares pursuant
to the Company's SIP
-------------------------- ------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
(i) 311p 578
(ii) nil 2,313
-------------------------- ------------------------------------
d) Aggregated information N/A (single transaction)
-------------------------- ------------------------------------
e) Date of the transaction 2022-04-07
-------------------------- ------------------------------------
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
/ 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 Purchase of Ordinary Shares via
SIPP
--------------------------- -----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
(i) 3.38 644
--------------------------- -----------------------------------
d) Aggregated information N/A (single transaction)
--------------------------- -----------------------------------
e) Date of the transaction 2021-11-05
--------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange, AIM (XLON)
--------------------------- -----------------------------------
Notes to Editors:
B.P. Marsh's current portfolio contains fifteen 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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