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Last checked at 
24 Jun 2021 17:00
Date: 24 June 2021
B.P. Marsh & Partners Plc
("B.P. Marsh" or the "Company")
Share Incentive Plan
The following correction has been made to the 'Share Incentive Plan' announcement released on 24 June 2021 at 14:00 under RNS Number: 0403D.
In the announcement, the number of shares held directly by Daniel Topping was stated in error as being 117,708 shares and should instead have read 118,562 shares.
All other details remain unchanged.
B.P. Marsh, the specialist investor in early stage financial services businesses, announces that on 21 June 2021 a total of 17,880 ordinary shares of 10p each ("Ordinary Shares") held in the B.P. Marsh SIP Trust, have been granted to eligible employees as part of the Company's HMRC Sanctioned Share Incentive Plan ("SIP").
All 10 eligible employees have elected to take up the opportunity to each acquire 596 Ordinary Shares ("Partnership Shares"), equating to approximately £1,800 at the price of invitation. For every Partnership Share that an eligible employee acquires, the SIP Trust has allocated for nil consideration two Ordinary Shares ("Matching Shares"), equating to an allocation of 1,192 Matching Shares to each eligible employee. As announced on 12 April 2021, each eligible employee was also granted 1,333 free ordinary shares of 10p each ("Free Shares"), representing approximately £3,600 at the market price at the time of invitation. Pursuant to the 2021-22 SIP allocation, each eligible employee will hold an aggregate additional 3,121 Ordinary Shares under the SIP (comprising the issue to each such employee of 596 Partnership Shares and 1,192 Matching Shares on 21 June 2021 and 1,333 Free Shares on 12 April 2021). The 2021-22 Free and Matching Shares are subject to a 1-year forfeiture period.
The Directors and 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 2021-22 Free, Partnership and Matching Shares) are set out below:
Directors & PDMR | Ordinary Shares held under SIP | Ordinary Shares held under JSOP* | Ordinary Shares held directly |
Alice Foulk | 26,193 | 167,465 | 24,860 |
Dan Topping | 26,780 | 167,465 | 118,562** |
Jon Newman | 26,780 | 167,465 | 18,317 |
Sinead O'Haire | 26,780 | 167,465 | 24,695 |
* The Company's Joint Share Ownership Plan, details of which were announced on 12th June 2018
**In aggregate including 11,434 shares held by his spouse.
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 / 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 | Grant of ordinary shares pursuant to the Company's SIP | ||||||
c) | Price(s) and volumes(s) |
| ||||||
d) | Aggregated information | N/A (single transaction) | ||||||
e) | Date of the transaction | 2021-06-21 | ||||||
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 | 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 | Grant of ordinary shares pursuant to the Company's SIP | ||||||
c) | Price(s) and volumes(s) |
| ||||||
d) | Aggregated information | N/A (single transaction) | ||||||
e) | Date of the transaction | 2021-06-21 | ||||||
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 / 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 | Grant of ordinary shares pursuant to the Company's SIP | ||||||
c) | Price(s) and volumes(s) |
| ||||||
d) | Aggregated information | N/A (single transaction) | ||||||
e) | Date of the transaction | 2021-06-21 | ||||||
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 / 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 | Grant of ordinary shares pursuant to the Company's SIP | ||||||
c) | Price(s) and volumes(s) |
| ||||||
d) | Aggregated information | N/A (single transaction) | ||||||
e) | Date of the transaction | 2021-06-21 | ||||||
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.
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