12 November 2024
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, Mr. Daniel Topping, Chief Investment
Officer, and Mrs. Francesca Chappell, Chief Finance Officer, have
each sold ordinary shares of 10 pence each in the Company
("Ordinary Shares"). These were shares held in the B.P. Marsh SIP
Trust, on 11th November 2024. These shares form 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 eight
years ago the Company's share price has increased by c.374% from
148.8p to 705.0p, being the closing price of the Company's shares
on 11 November 2024. The Group is therefore pleased to see that
this scheme is proving to be 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 and its
stakeholders. With a portion of these shares now vested and
eligible for tax-free status, qualifying individuals are able to
fully realise the benefits of this opportunity.
Alice Foulk has sold 10,447 Ordinary
Shares for a price of 700p per share. As a result of the
transaction, Alice's beneficial interest in the Company is as
follows:
|
Ordinary Shares held under
SOP
|
260,000
|
|
Ordinary Shares held under
JSOP
|
90,414
|
|
Ordinary Shares held
directly
|
23,428
|
|
Ordinary Shares held under
SIP
|
15,362
|
|
Total
|
389,204
|
|
Shareholding Percentage
|
0.31%
|
Dan Topping has also sold 10,447
Ordinary Shares for a price of 700p per share. As a result of
the transaction, Daniel's beneficial interest in the Company is as
follows:
|
Ordinary Shares held under
SOP
|
220,000
|
|
Ordinary Shares held under
JSOP
|
167,465
|
|
Ordinary Shares held
directly
|
142,2811
|
|
Ordinary Shares held under
SIP
|
15,949
|
|
Total
|
545,695
|
|
Shareholding Percentage
|
0.83%
|
1 including 11,434 shares owned by his wife Claire Cronin and
1,758 shares owned by his daughter Felicity Topping
Francesca Chappell (née Lowley) has
also sold 10,447 Ordinary Shares for a price of 700p per share. As
a result of the transaction, Francesca's beneficial interest
in the Company is as follows:
|
Ordinary Shares held under
SOP
|
137,500
|
|
Ordinary Shares held under
JSOP
|
86,104
|
|
Ordinary Shares held under
SIP
|
15,362
|
|
Ordinary Shares held
directly
|
587
|
|
Total
|
239,553
|
|
Shareholding Percentage
|
0.23%
|
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 Ordinary Shares
|
|
c)
|
Price(s) and volumes(s)
|
|
Price(s)
£7.00
|
Volume(s)
10,447
|
|
|
|
|
|
d)
|
Aggregated information
|
N/A
|
|
e)
|
Date of the transaction
|
24-11-11
|
|
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
|
Sale of Ordinary Shares
|
|
c)
|
Price(s) and volumes(s)
|
|
Price(s)
£7.00
|
Volume(s)
10,447
|
|
|
|
|
|
d)
|
Aggregated information
|
N/A
|
|
e)
|
Date of the transaction
|
24-11-11
|
|
f)
|
Place of the transaction
|
London Stock Exchange, AIM
(XLON)
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Francesca Chappell (née
Lowley)
|
|
2
|
Reason for notification
|
|
a)
|
Position / status
|
Chief Finance 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
|
Sale of Ordinary Shares
|
|
c)
|
Price(s) and volumes(s)
|
|
Price(s)
£7.00
|
Volume(s)
10,447
|
|
|
|
|
|
d)
|
Aggregated information
|
N/A
|
|
e)
|
Date of the transaction
|
24-11-11
|
|
f)
|
Place of the transaction
|
London Stock Exchange, AIM
(XLON)
|
|
For further information, please
visit www.bpmarsh.co.uk
or contact:
|
|
B.P. Marsh & Partners Plc
Brian Marsh OBE / Alice
Foulk
|
+44 (0)20 7233 3112
|
|
Nominated Adviser & Joint Corporate
Broker:
Panmure Liberum Limited
Atholl Tweedie / Amrit Mahbubani /
Ailsa MacMaster
|
+44 (0)20 78862500
|
|
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
Simon Hudson / Katie
Hopkins
|
bpmarsh@tavistock.co.uk
+44 (0)20 7920 3150
|
Notes to Editors:
B.P. Marsh's current portfolio
contains sixteen 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 over ten years.
- Ends
-