Exercise Of Options and Total Voting Rights
B.P. Marsh & Partners Plc announced that employees, including three persons discharging managerial responsibilities (PDMRs), exercised 835,249 share options, receiving ordinary shares from treasury stock. Daniel Topping received 155,000 shares, Francesca Chappell received 100,000 shares, and Alice Foulk received 175,000 shares. These employees intend to sell some shares to cover tax liabilities, with the company planning to repurchase them. Following these transactions, the company's total voting rights stand at 36,620,761, with 479,239 ordinary shares held in treasury.
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B.P. Marsh & Partners Plc (AIM: BPM), the specialist private equity investor in early-stage financial services businesses, announces that a number of company employees (the “Employees”) including Daniel Topping, Francesca Chapell and Alice Foulk (each of whom is a person discharging managerial responsibilities (“PDMR”)), have received ordinary shares of 10 pence each in the Company (the “Ordinary Shares”), following the exercise today of 835,249 share options awarded under Share Option Plan established on 6 September 2023 (the “Share Options”).
Details of the exercise of Share Options by PDMRs are set out below:
| Director/PDMR | Number of Share Options exercised | Number of Ordinary Shares received pursuant to the exercise | Resultant number of Ordinary Shares held | As a percentage of the Company’s issued share capital |
|---|---|---|---|---|
| Daniel Topping | 1 55,000 | 155,000 | 453,143 | 1.22% |
| Francesca Chappell | 1 00,000 | 100,000 | 101,961 | 0.27% |
| Alice Foulk | 1 75,000 | 175,000 | 198,428 | 0.53% |
The exercise of the Share Options has been satisfied through the transfer of 835,249 Ordinary Shares held by the Company in treasury and no new Ordinary Shares have been issued.
Each of the Employees intends to subsequently sell a sufficient number of Ordinary Shares to satisfy their respective tax liabilities and other costs arising on exercise. The Company intends to repurchase these Ordinary Shares back for the benefit of the Company’s treasury. Such repurchase would be made outside of the Company’s Share Buyback Programme announced on 15 July 2026.
The Company will make a further announcement as appropriate following the repurchase of these Ordinary Shares.
Total Voting Rights
The Company’s total issued share capital is 37,100,000 Ordinary Shares. Following the transfer of 835,249 Ordinary Shares from treasury to the Employees, the Company now holds 479,239 Ordinary Shares in treasury. Therefore, the total number of voting rights in the company is 36,620,761.
The above figure of 36,620,761 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
The PDMR Notification of Dealing Form required in accordance with UK MAR is set out below.
| a) | Name | Daniel Topping | |
| 2 | Reason for notification | ||
| a) | Position / status | Chief Executive Officer | |
| b) | Initial notification / amendment | Initial Notification | |
| 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: GB00B0XLRJ7 | ||
| b) | Nature of the transaction | Exercise of options over Ordinary Shares pursuant to the Company’s Share Option Plan | |
| c) | Price(s) and volumes(s) | Price | Volume |
| 10p | 155,000 | ||
| d) | Aggregated information | NA | |
| e) | Date of the transaction | 14 September 2026 | |
| 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 | Chief Finance Officer | |
| b) | Initial notification / amendment | Initial Notification | |
| 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: GB00B0XLRJ7 | ||
| b) | Nature of the transaction | Exercise of options over Ordinary Shares pursuant to the Company’s Share Option Plan | |
| c) | Price(s) and volumes(s) | Price | Volume |
| 10p | 100,000 | ||
| d) | Aggregated information | NA | |
| e) | Date of the transaction | 14 September 2026 | |
| 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 | |
| b) | Initial notification / amendment | Initial Notification | |
| 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: GB00B0XLRJ7 | ||
| b) | Nature of the transaction | Exercise of options over Ordinary Shares pursuant to the Company’s Share Option Plan | |
| c) | Price(s) and volumes(s) | Price | Volume |
| 10p | 175,000 | ||
| d) | Aggregated information | NA | |
| e) | Date of the transaction | 14 September 2026 | |
| f) | Place of the transaction | Outside a trading venue |
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