B.P. MARSH & PARTNERS PLC

Remuneration Information • Nov 15, 2023

National Storage Mechanism | Additional information

RNS Number : 6096T

B.P. Marsh & Partners PLC

15 November 2023

15 November 2023

B.P. Marsh & Partners Plc

("B.P. Marsh" or the "Company")

Issue of Share Options & Director/PDMR Dealings

B.P. Marsh, the specialist investor in early-stage financial services businesses, announces the adoption of a new employee share option plan (the "Plan") and the granting of Share Options ("Options") over 1,682,500 ordinary shares of 10p each in the Company, in aggregate, to 12 employees, including to Directors of the Company.

Each of the Options will vest, on a ratchet basis, subject to certain Net Asset Value growth targets being achieved for the financial years ending 31 January 2024, 31 January 2025 and 31 January 2026. The first exercise date is 6 September 2026 whereby 50% of vested Options will be exercisable at 10p per share, with the remaining 50% exercisable at 10p per share from 6 September 2027.

Certain Directors and other Persons Discharging Managerial Responsibilities ("PDMR") have been awarded Options with details of the awards detailed in the disclosure notices below.  The remaining Options have been granted to other employees of B.P. Marsh. The Share Option Plan has been developed in order to incentivise staff members for future growth in the Company.

The Share Capital of the Company will remain unchanged until such time as the Options have been exercised. The total number of Options granted under the Plan represents approximately 4.26% of the fully diluted shares outstanding.

For further information:
B.P. Marsh & Partners Plc Brian Marsh OBE	www.bpmarsh.co.uk +44 (0)20 7233 3112
Panmure Gordon (UK) Limited Atholl Tweedie / Stephen Jones / Amrit Mahbubani / Ailsa MacMaster	+44 (0)20 7886 2500
Tavistock Communications Limited Simon Hudson / Tim Pearson / Katie Hopkins	bpmarsh@tavistock.co.uk +44 (0)20 7920 3150

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alice Foulk

2

Reason for notification

a)

Position / status

Managing Director (PDMR)

b)

Initial notification / amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

B.P. Marsh & Partners Plc

b)

LEI

2138008G8EPE3HAHEM13

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 10 pence each

Identification code

ISIN: GB00B0XLRJ79

b)

Nature of the transaction

Grant of Share Options as part of the Share Option Plan

c)

Price(s) and volumes(s)

Price(s)	Volume(s)
10p	260,000

d)

Aggregated information

N/A (single transaction)

e)

Date of the transaction

2023-11-14

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Daniel Topping

2

Reason for notification

a)

Position / status

Chief Investment Officer (PDMR)

b)

Initial notification / amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

B.P. Marsh & Partners Plc

b)

LEI

2138008G8EPE3HAHEM13

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 10 pence each

Identification code

ISIN: GB00B0XLRJ79

b)

Nature of the transaction

Grant of Share Options as part of the Share Option Plan

c)

Price(s) and volumes(s)

Price(s)	Volume(s)
10p	220,000

d)

Aggregated information

N/A (single transaction)

e)

Date of the transaction

2023-11-14

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jonathan Newman

2

Reason for notification

a)

Position / status

Group Finance Director (PDMR)

b)

Initial notification / amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

B.P. Marsh & Partners Plc

b)

LEI

2138008G8EPE3HAHEM13

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 10 pence each

Identification code

ISIN: GB00B0XLRJ79

b)

Nature of the transaction

Grant of Share Options as part of the Share Option Plan

c)

Price(s) and volumes(s)

Price(s)	Volume(s)
10p	200,000

d)

Aggregated information

N/A (single transaction)

e)

Date of the transaction

2023-11-14

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Sinead O'Haire

2

Reason for notification

a)

Position / status

Chief Legal Officer & Group Company Secretary (PDMR)

b)

Initial notification / amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

B.P. Marsh & Partners Plc

b)

LEI

2138008G8EPE3HAHEM13

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 10 pence each

Identification code

ISIN: GB00B0XLRJ79

b)

Nature of the transaction

Grant of Share Options as part of the Share Option Plan

c)

Price(s) and volumes(s)

Price(s)	Volume(s)
10p	200,000

d)

Aggregated information

N/A (single transaction)

e)

Date of the transaction

2023-11-14

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

Notes to Editors:

B.P. Marsh's current portfolio contains fourteen companies. More detailed descriptions of the portfolio can be found at www.bpmarsh.co.uk. 

Since formation over 30 years ago, the Company has assembled a management team with considerable experience both in the financial services sector and in managing private equity investments. Many of the directors have worked with each other in previous roles, and all have worked with each other for approaching ten years. 

- Ends -

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