Correction to RNS 6991U Exercise Of Options & TVR
B.P. Marsh & Partners Plc has amended its previous announcement regarding the exercise of share options, clarifying that 835,249 options were exercised by employees, including PDMRs Daniel Topping, Francesca Chappell, and Alice Foulk, resulting in the transfer of treasury shares. Francesca Chappell exercised 100,000 options, now holding 162,479 shares (0.44% of issued capital), and Alice Foulk exercised 175,000 options, now holding 263,257 shares (0.71% of issued capital). The total number of voting rights in the company is now 36,620,761, following the transfer of 835,249 shares from treasury, leaving 479,239 shares in treasury.
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The following amendments have been made to the 'Exercise Of Options and Total Voting Rights' announcement released on 14 September 2026 at 16:32 under RNS No 6991U.
A set of brackets have been removed from the opening paragraph.
The entries in the Director/PDMR dealing table for Francesca Chappell and Alice Foulk have been amended and restated as 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 |
|---|---|---|---|---|
| Francesca Chappell | 100,000 | 100,000 | 162,479 | 0.44% |
| Alice Foulk | 175,000 | 175,000 | 263,257 | 0.71% |
All other details remain unchanged.
The full amended text is shown below.
B.P. Marsh & Partners Plc
(“B.P. Marsh”, the “Company” or the “Group”)
Exercise Of Options and Total Voting Rights
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 | 155,000 | 155,000 | 453,143 | 1.22% |
| Francesca Chappell | 100,000 | 100,000 | 162,479 | 0.44% |
| Alice Foulk | 175,000 | 175,000 | 263,257 | 0.71% |
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 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.