B.P. Marsh & Partners PLC PDMR and Director Dealings (1946V)

TIDMBPM

RNS Number : 1946V

B.P. Marsh & Partners PLC

29 November 2019

Date: 29 November 2019

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

B.P. Marsh & Partners Plc

PDMR and Director Dealings

B.P. Marsh (AIM: BPM), the specialist investor early stage financial services businesses, announces that it has been notified that Mr. Daniel Topping, Chief Investment Officer, on 28(th) November 2019 purchased ordinary shares of 10 pence each in the Company ("Ordinary Shares").

Daniel Topping has purchased 2,606 Ordinary Shares for a price of 260p per share. As a result of the transaction, Daniel will have a beneficial interest in 101,210 Ordinary Shares (including 11,434 shares owned by his wife Claire Topping), together with a beneficial interest in 19,154 Ordinary Shares held in the Company's SIP Trust, representing in aggregate approximately 0.32% of the total voting rights of the Company.

Additionally, Daniel, as part of the Company's Joint Share Ownership Plan, has a beneficial interest (as a joint owner alongside RBC CEES Trustee Limited) over 167,465 Ordinary Shares, representing approximately 0.45% of the total voting rights of the Company.

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                            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       Purchase of Ordinary Shares via 
                                        SIPP 
      ------------------------------  ------------------------------------ 
 c)    Price(s) and volumes(s)          Price(s)   Volume(s) 
                                          GBP2.60    2,606 
      ------------------------------  ------------------------------------ 
 d)    Aggregated information          N/A 
      ------------------------------  ------------------------------------ 
 e)    Date of the transaction         19-11-28 
      ------------------------------  ------------------------------------ 
 f)    Place of the transaction        London Stock Exchange, AIM (XLON) 
      ------------------------------  ------------------------------------ 
 

For further information:

 
 B.P. Marsh & Partners Plc                     www.bpmarsh.co.uk 
 Brian Marsh OBE / Sinead O'Haire              [phone] 
 
 Nominated Adviser & Broker 
  Panmure Gordon (UK) Limited 
 Atholl Tweedie / Charles Leigh-Pemberton / 
  Ailsa Macmaster                              [phone] 
 

Notes to Editors:

About B.P. Marsh & Partners Plc

B.P. Marsh's current portfolio contains seventeen companies. More detailed descriptions of the portfolio can be found at www.bpmarsh.co.uk.

Since formation over 25 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 at least five years.

Prior to Brian Marsh's involvement in the Company, he spent many years in insurance broking and underwriting in Lloyd's as well as the London and overseas market. He has over 30 years' experience in building, buying and selling financial services businesses, particularly in the insurance sector.

Alice Foulk joined B.P. Marsh in September 2011 having started her career at a leading Life Assurance company. In 2014 she took over as Executive Assistant to the Chairman, running the Chairman's Office and established herself as a central part of the management team.

In February 2015 she was appointed as a Director of B.P. Marsh and a member of the Investment Committee. In January 2016 Alice was appointed Managing Director of B.P. Marsh.

In her position as Managing Director, Alice is responsible for the overall performance of the Company and monitoring the Company's overall progress towards achieving the objectives and goals of the Company, as set by the Board.

Dan Topping is the Chief Investment Officer of B.P. Marsh, with over a decade of experience in the financial services sector. Dan graduated from the University of Durham in 2005 and is a member of the Securities and Investment Institute and the Institute of Chartered Secretaries and Administrators. Having spent two years at an independent London accountancy practice, he joined the company in 2007. He was appointed as a Director in 2011 and promoted to his current role in 2015.

Dan is a standing member of the B.P. Marsh Investment and Valuation Committees and currently serves as a Board Director across the portfolio.

Jonathan Newman is a Chartered Management Accountant and is the Group Director of Finance and has over 20 years' experience in the financial services industry. Jon graduated from the University of Sheffield with an honours degree in Business Studies and joined the Group in November 1999, following two years at Euler Trade Indemnity and two years at a Chartered Accountants. Jon is a Member of the Chartered Global Management Accountants, the Chartered Management Accountants and the Chartered Institute of Securities and Investment.

Jon was appointed a Director of B.P. Marsh & Company Limited in September 2001, and Group Finance Director in December 2003 and was instrumental in the admission of the Group to AIM in February 2006. Jon is a member of the B.P. Marsh Investment and Valuation Committees and currently serves as a Nominee Director on the Boards of three Investee Companies, and provides senior financial support and advice to all companies within the Group's portfolio as well as evaluating new investment opportunities.

- Ends -

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November 29, 2019 08:58 ET (13:58 GMT)