SIP Awards, PDMR Dealings, Treasury Shares, TVR
B.P. Marsh & Partners Plc announced the award of 16,512 ordinary shares under its Share Incentive Plan to eligible employees, with certain directors also participating. The shares were granted at a price of £6.53 per share, with employees acquiring 275 Partnership Shares and receiving 550 Matching Shares for each, alongside 551 Free Shares, totaling 1,376 additional ordinary shares per employee. Following these awards, the total number of ordinary shares carrying voting rights in the company is 36,022,512.
Select text to share a quote on X · sign in to keep highlights & notes in your BPM notes
Transfer of Treasury Shares
and Total Voting Rights
B.P. Marsh, the specialist investor in early-stage financial services businesses, announces that on 20 April 2026 a further 16,512 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 12 eligible employees applied for the 2026-27 SIP awards and have each been granted 551 Ordinary Shares ("2026-27 Free Shares"), representing £3,598.03 at a price of £6.53 per Ordinary Share. Furthermore, all eligible employees have elected to take up the opportunity to acquire 275 Ordinary Shares ("2026-27 Partnership Shares"), equating to £1,795.75 at a price of £6.53 per Ordinary Share. For every Partnership Share that an employee acquires, the SIP Trust has awarded two free Ordinary Shares ("2026-27 Matching Shares") equating to 550 Ordinary Shares to each participating employee. In aggregate, each eligible employee will hold an additional 1,376 Ordinary Shares under the SIP. The 2026-27 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 2026-27 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 |
|---|---|---|---|---|
| Daniel Topping | 18,751 | 123,715 | 310,000 | 152,787 (3) |
| Alice Foulk | 18,164 | 46,665 | 350,000 | 23,428 |
| Francesca Chappell | 18,164 | 42,354 | 200,000 | 1,961 |
- The Company established a Joint Share Ownership Plan ("JSOP") for certain employees and directors, as announced on 12 June 2018.
- The Company established a Share Option Plan ("SOP") for certain employees and directors, as announced on 20 November 2023.
- In aggregate including 11,434 shares held by Mr Topping's spouse and 3,160 shares held by Mr. Topping's daughter
The awards were made by utilising the 16,512 unallocated Ordinary Shares in the B.P. Marsh SIP Trust, which were transferred from Treasury on 20 April 2026.
The Company's issued share capital consists of 37,100,000 Ordinary Shares. Following the above, 1,077,488 Ordinary Shares will be held in treasury. The total number of Ordinary Shares carrying voting rights in B.P. Marsh is 36,022,512. The figure of 36,022,512 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.
| B.P. Marsh & Partners Plc | www.bpmarsh.co.uk |
| Daniel Topping / Alice Foulk | +44 (0)20 7233 3112 |
Nominated Adviser & Joint Corporate Broker Singer Capital Markets Advisory LLP
| Charles Leigh-Pemberton / Peter Steel / James Todd | +44 (0)20 7496 3000 | |
| Joint Corporate Broker Investec Bank plc | ||
| Christopher Baird / David Anderson / Maria Gomez de Olea | +44 (0)20 7597 5970 | |
| Financial PR & Investor Relations | ||
| Tavistock | bpmarsh@tavistock.co.uk | |
| Simon Hudson / Katie Hopkins / Kuba Stawiski | +44 (0)20 7920 3150 | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Daniel Topping |
| 2 | Reason for notification | |
| a) | Position / status | Chief Executive 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) 653p 275 (ii) nil 1,101 |
| d) | Aggregated information | N/A (single transaction) |
| e) | Date of the transaction | 2026-04-20 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Alice Foulk |
| 2 | Reason for notification | |
| a) | Position / status | Chief Operating 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) 653p 275 (ii) nil 1,101 |
| d) | Aggregated information | N/A (single transaction) |
| e) | Date of the transaction | 2026-04-20 |
| f) | Place of the transaction | Outside a trading venue |
| 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) 653p 275 (ii) nil 1,101 |
| d) | Aggregated information | N/A (single transaction) |
| e) | Date of the transaction | 2026-04-20 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.