B.p Marsh Regulatory News (BPM)

17 April 2025

B.P. Marsh & Partners Plc

("B.P. Marsh", the "Company" or the "Group")

New Share Buyback Programme

B.P. Marsh & Partners Plc (AIM: BPM), the specialist venture capital investor in early stage financial services businesses, today announces the launch of a new share buy-back programme (the "Programme"), replacing the buyback programme announced on 11 June 2024.

The Company has entered into an irrevocable commitment with Singer Capital Markets to manage the Programme through a non-discretionary programme, repurchasing the Company's Ordinary Shares on its behalf, for up to a maximum aggregate consideration of £2 million, and within certain defined parameters. Singer Capital Markets will make trading decisions in relation to the buyback of Ordinary Shares independently of the Company within the programme terms and will therefore have the ability to trade during close periods.

Share repurchases will take place in open market transactions and may be made from time to time depending on market conditions, share price, trading volume and other terms. The maximum price paid per Ordinary Share will be no more than the higher of (a) 5 per cent. above the average middle market quotations for an Ordinary Share (as derived from the AIM Appendix to the London Stock Exchange Daily Official List) for the five business days immediately prior to the day the purchase is made and (b) the higher of the price of the last independent trade and the highest current independent purchase bid for Ordinary Shares on the trading venue where the purchase is carried out. Under the Programme, the repurchased shares will be held in treasury at the Company's discretion for later reissue or cancellation. Shares held in treasury are not entitled to dividends and have no voting rights at the Company's general meetings.

The Programme will operate in accordance with the Company's general authority to purchase a maximum of 3,723,283 Ordinary Shares (the "Authority"), granted by its shareholders at the Annual General Meeting of the Company held on 23 July 2024 (since when the Company has repurchased 93,570 Ordinary Shares pursuant to the Authority). Unless renewed sooner, the Authority will expire at the Company's next Annual General Meeting (the "2025 AGM") or, if earlier, at the close of business on 31 July 2025. The Company expects to seek shareholders' approval authorising another such general authority for a further approximate twelve months in due course (if approved a "General Authority"), subject to which the Programme would continue beyond 31 July 2025 in accordance with the renewed General Authority and the parameters set out above.

The purpose of the Programme is to reduce the Company's share capital. The Company confirms that it currently has no unpublished price sensitive information.

The Company will make further regulatory announcements in respect of repurchases of Ordinary Shares as required by the UK's version of the Market Abuse Regulation and the AIM Rules for Companies.

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.

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