REG - B.P. Marsh &Partners - Director/PDMR Shareholding

B.P. Marsh & PartnersAnnouncement

18/09/2024 15:00

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RNS Number : 7429E  B.P. Marsh & Partners PLC  18 September 2024

18 September 2024

 

B.P. Marsh & Partners Plc

PDMR and Director Dealing

 

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 of the Company, has traded in the ordinary shares of
10 pence each in the Company ("Ordinary Shares")

 

The Company has been notified of the sale of Ordinary Shares on 17 September
2024 at the open market price of 526.32p per share by Ms. Alice Foulk,
Managing Director of the Company. The Ordinary Shares sold were held under the
B.P. Marsh Joint Share Ownership Plan (the "JSOP") ("JSOP Shares").

 

The JSOP was established on 13 June 2018 and announced by the Company on the
same date. On this date the Employee Participants entered into individual
Joint Ownership Agreements ("JOAs") with JTC Employer Solutions Trustee
Limited (formerly RBC cees Trustee Limited) (the "EBT") as part of the
Company's remuneration and staff incentive arrangements.

 

The beneficial interests in the JSOP Shares are jointly held between the
relevant employee and the EBT. The terms of the JOA included a minimum vesting
period of three years and, subject to the Employee Participant remaining
employed for this duration, state that upon sale of the vested shares the
proceeds of sale will be divided between the joint owners so that the EBT
receives 312.60p per share (which represents the Initial Threshold Value of
281p plus a hurdle amount of 3.75% per annum during the vesting period) and
the Employee Participant is entitled to the balance of 213.72p per share. The
JOAs matured as fully vested on 13 June 2021 and Ms. Foulk has now partially
exercised her right to sell 27,200 JSOP Shares.

 

As a result of the transaction, Alice has a beneficial interest in 23,428
Ordinary Shares, together with a beneficial interest in 25,809 Ordinary Shares
held in the Company's SIP Trust, representing in aggregate approximately 0.13%
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 90,414 Ordinary Shares, representing approximately 0.24% of the
total voting rights of the Company.

 

Furthermore, Alice has options over 260,000 Ordinary Shares as part of the
Company's Share Option Plan announced on 15 November 2023.

 

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 / 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                                    Sale of interests in shares pursuant to a Joint Share Ownership Plan for
                                                                  526.32p per share. On sale of a JSOP Share, the participant is entitled to the
                                                                  sale proceeds in excess of a threshold amount of 312.6p. An Employee Benefit
                                                                  Trust is entitled to the balance of the sale proceeds.
 c)  Price(s) and volumes(s)

Price(s)             Volume(s)

                                                                  £5.2632 per share    27,200
 d)  Aggregated information                                       N/A
 e)  Date of the transaction                                      2024-09-17
 f)  Place of the transaction                                     London Stock Exchange, AIM (XLON)

d)

Aggregated information

N/A

e)

Date of the transaction

2024-09-17

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

 

For further
information:

 

 B.P. Marsh & Partners Plc                            www.bpmarsh.co.uk (http://www.bpmarsh.co.uk/)
 Brian Marsh OBE                                      +44 (0)20 7233 3112

 Nominated Adviser & Joint Corporate Broker

 Panmure Liberum Limited
 Atholl Tweedie / Amrit Mahbubani / Ailsa MacMaster   +44 (0)20 7886 2500

 Joint Corporate Broker

 Singer Capital Markets Advisory LLP

 Charles Leigh Pemberton / James Moat / Asha Chotai   +44 (0)20 7496 3000

 Financial PR & Investor Relations
 Tavistock                                            bpmarsh@tavistock.co.uk
 Simon Hudson / Tim Pearson / Katie Hopkins           +44 (0)20 7920 3150

 

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
(http://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 over ten
years.

 

- Ends -

 

 

 

 

 

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