Secondary Share Sale
Selling shareholder completed secondary sale of 1.8m shares at 630p, reducing stake to 9.8%
- Shares sold 1,822,183 ordinary shares
- Sale price per share 630 pence
- Percentage of issued capital sold 4.9%
- Selling shareholder stake after sale 9.8%
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Further to the secondary placing completed on 9 May 2025 (the "Placing"), PSC UK Pty Ltd (the "Selling Shareholder") announces that it has today completed the sale of a further 1,822,183 ordinary shares in the capital of B.P. Marsh & Partners Plc ("B.P. Marsh") at a price of 630 pence per share, which represents approximately 4.9% of B.P. Marsh's issued share capital (the "Sale"). The Sale was made to one institutional investor following receipt of buying demand for the ordinary shares after the Placing bookbuild process had completed.
Following completion of the Placing and the Sale, the Selling Shareholder will hold 3,626,440 ordinary shares in B.P. Marsh, representing approximately 9.8% of B.P. Marsh's issued share capital.
Panmure Liberum Limited ("Panmure Liberum") is acting for the Selling Shareholder in connection with the Placing and the Sale. To permit the Sale, Panmure Liberum has waived the 60-day lock-up undertaking that was agreed in connection with the Placing (the "Lock-Up").
The remainder of the B.P. Marsh shares held by the Selling Shareholder following the Sale will remain subject to the Lock-Up.
B.P. Marsh will not receive any proceeds from the Placing or the Sale.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.