SIP awards, PDMR dealings, treasury shares & TVR
15,686 shares awarded to 11 employees under Share Incentive Plan at 630p per share.
- Shares granted under SIP 15,686
- Free Shares per employee 571
- Partnership Shares per employee 285
- Matching Shares per employee 570
- Price per share 630p
- Voting shares in issue 37,091,814
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Transfer of Treasury Shares
B.P. Marsh, the specialist investor in early stage financial services businesses, announces that on 14 April 2025 a further 15,686 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 March 2016).
Under the SIP, Ordinary Shares are acquired in three ways:
- Partnership Shares, where an employee can purchase up to £1,800 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 £3,600 worth of free shares in any tax year.
In accordance with the SIP's rules, a total of 11 eligible employees applied for the 2025-26 SIP awards and have each been granted 571 Ordinary Shares ("2025-26 Free Shares"), representing £3,597.30 at a price of £6.30 per Ordinary Share. Furthermore, all eligible employees have elected to take up the opportunity to acquire 285 Ordinary Shares ("2025-26 Partnership Shares"), equating to £1,795.50 at a price of £6.30 per Ordinary Share. For every Partnership Share that an employee acquires, the SIP Trust has awarded two free Ordinary Shares ("2025-26 Matching Shares") equating to 570 Ordinary Shares to each participating employee. In aggregate, each eligible employee will hold an additional 1,426 Ordinary Shares under the SIP. The 2025-26 Free and Matching Shares are subject to a 1 year forfeiture period.
Certain Directors have participated in this award and further details of the Directors' interests in Ordinary Shares (as at today's date, following the award of 2025-26 Free, Partnership and Matching Shares) are set out below:
| Participating Directors | Ordinary Shares held under SIP | Ordinary Shares held under JSOP (1) | Ordinary Shares held under SOP (2) | Ordinary Shares held directly |
|---|---|---|---|---|
| Alice Foulk | 16,788 | 46,665 | 350,000 | 23,428 |
| Daniel Topping | 17,375 | 123,715 | 310,000 | 142,281 (3) |
| Francesca Chappell | 16,788 | 42,354 | 200,000 | 1,197 |
- The Company established a Joint Share Ownership Plan ("JSOP") for certain employees and directors, as announced on 12 June 2018.
- Mr Topping's shareholding of 142,281 is recorded in aggregate with 11,434 shares held by Mr. Topping's spouse, and 1,758 shares held by Mr. Topping's daughter
The awards were made by utilising the 15,686 unallocated Ordinary Shares in the B.P. Marsh SIP Trust, which were transferred from Treasury on 14 April 2025.
Following the above, the Company's issued share capital consists of 37,100,000 Ordinary Shares of which 8,186 are held in treasury. Therefore, the total number of Ordinary Shares carrying voting rights in B.P. Marsh is 37,091,814. The figure of 37,091,814 may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
| 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 |
| a) | Name | B.P. Marsh & Partners Plc |
| b) | LEI | 2138008G8EPE3HAHEM13 |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 10 pence each |
| Identification code | ISIN: GB00B0XLRJ79 | |
| b) | Nature of the transaction | Purchase and grant of ordinary shares pursuant to the Company's SIP |
| c) | Price(s) and volumes(s) | Price(s) Volume(s) (i) 630p 285 (ii) nil 1,141 |
| d) | Aggregated information | N/A (single transaction) |
| e) | Date of the transaction | 2025-04-14 |
| 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 |
| a) | Name | B.P. Marsh & Partners Plc |
| b) | LEI | 2138008G8EPE3HAHEM13 |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 10 pence each |
| Identification code | ISIN: GB00B0XLRJ79 | |
| b) | Nature of the transaction | Purchase and grant of ordinary shares pursuant to the Company's SIP |
| c) | Price(s) and volumes(s) | Price(s) Volume(s) (i) 630p 285 (ii) nil 1,141 |
| d) | Aggregated information | N/A (single transaction) |
| e) | Date of the transaction | 2025-04-14 |
| 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 |
| 2 | Reason for notification | |
| a) | Position / status | Group Finance Officer (PDMR) |
| b) | Initial notification / amendment | Initial |
| a) | Name | B.P. Marsh & Partners Plc |
| b) | LEI | 2138008G8EPE3HAHEM13 |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 10 pence each |
| Identification code | ISIN: GB00B0XLRJ79 | |
| b) | Nature of the transaction | Purchase and grant of ordinary shares pursuant to the Company's SIP |
| c) | Price(s) and volumes(s) | Price(s) Volume(s) (i) 630p 285 (ii) nil 1,141 |
| d) | Aggregated information | N/A (single transaction) |
| e) | Date of the transaction | 2025-04-14 |
| f) | Place of the transaction | London Stock Exchange, AIM (XLON) |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.