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BPM B.p. Marsh & Partners Plc

496.00
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
B.p. Marsh & Partners Plc LSE:BPM London Ordinary Share GB00B0XLRJ79 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 496.00 492.00 500.00 496.00 496.00 496.00 2,607 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 32.57M 23.84M 0.6408 7.74 184.56M

B.P. Marsh & Partners PLC Award of Shares under Share Incentive Plan (7928H)

08/04/2022 9:43am

UK Regulatory


B.p. Marsh & Partners (LSE:BPM)
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From Apr 2021 to Apr 2024

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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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April 08, 2022 04:43 ET (08:43 GMT)

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