Result of Secondary Placing
Selling shareholder completes placement of 3.6m shares at 650p per share, raising £23.6m gross.
- Shares placed 3,626,440
- Placing price per share 650p
- Gross proceeds £23.6m
- Percentage of issued capital 9.8%
- Shares bought back by company 769,231
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Further to the announcement made yesterday, PSC UK Pty Ltd (the "Selling Shareholder") announces that it has successfully completed the sale of 3,626,440 ordinary shares in the capital of B.P. Marsh & Partners Plc ("B.P. Marsh") at a price of 650 pence per Placing Share, which represents approximately 9.8% of B.P. Marsh's issued share capital (the "Placing").
The Placing, raising aggregate gross proceeds of approximately £23.6 million, was conducted through an accelerated bookbuild. Panmure Liberum Limited ("Panmure Liberum") acted as sole bookrunner for the Selling Shareholder in connection with the Placing.
As part of the Placing, the Selling Shareholder sold 769,231 Placing Shares to B.P. Marsh for a total aggregate amount of £5 million, pursuant to B.P. Marsh's existing buyback authority approved by the shareholders of B.P. Marsh at its General Meeting on 2 June 2025.
Following settlement of the Placing, the Selling Shareholder will have exited its shareholding in B.P. Marsh in full.
The trade date for the Placing will be 7 August 2025 and settlement is expected to occur on 11 August 2025.
B.P. Marsh will not receive any proceeds from the Placing.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.