TIDMBPM
RNS Number : 5081U
B.P. Marsh & Partners PLC
12 July 2018
Date: 12 July 2018
On behalf of: B.P. Marsh & Partners PLC ("B.P. Marsh", "the
Company" or "the Group")
B.P. Marsh & Partners Plc
("B.P. Marsh" or "the Company")
PDMR shareholdings
Further to the Placing and Open Offer announced on 12 June 2018
and the Results of General Meeting and Open Offer announced on 6
July 2018, the Company makes the following disclosure in respect of
the participation in the Open Offer by certain Directors / PDMRs
who subscribed for the number of Open Offer Shares as set out
below.
Number of Open
Offer Shares
subscribed for Number of Ordinary Percentage of
at the Issue Shares now held Ordinary Shares
Name Price (1) now held (1)
Ms. Alice Foulk 766 187,617 0.50%
---------------- ------------------- -----------------
Mr. Daniel Topping 3,822 252,951 0.67%
---------------- ------------------- -----------------
Mr. Jonathan Newman 968 187,891 0.50%
---------------- ------------------- -----------------
Ms. Camilla Kenyon 921 189,632 0.51%
---------------- ------------------- -----------------
Mr. Campbell Scoones 2,798 53,798 0.14%
---------------- ------------------- -----------------
Mr. Pankaj Lakhani 1,912 36,912 0.10%
---------------- ------------------- -----------------
Ms. Sinead O'Haire 1,750 200,526 0.54%
---------------- ------------------- -----------------
Notes:
1 Includes any interests of the Directors in any Ordinary Shares
which have been issued and allotted to the Directors under the 2018
JSOP and/or the Company's Share Incentive Plan.
Additionally, further to the Placing and Open Offer announced on
12 June 2018 and the Results of General Meeting and Open Offer
announced on 6 July 2018, the Company makes the disclosure below in
respect of the transfer of Sale Shares to the Investor by B.P.
Marsh Management Limited (a company wholly owned by Brian Marsh,
the Executive Chairman of the Group), in accordance with article
19(3) of the Market Abuse Regulation.
The capitalised terms used but not defined in this announcement
have the meaning set out in Appendix III to the placing
announcement released on 12 June 2018.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name B.P. Marsh Management Limited
--------------------------- ---------------------------------------
2 Reason for notification
--------------------------------------------------------------------
a) Position / status Closely Associated Person to Executive
Chairman Brian Marsh
--------------------------- ---------------------------------------
b) Initial notification Initial
/ amendment
--------------------------- ---------------------------------------
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 Ordinary shares of 10 pence each
financial instrument,
type of instrument
--------------------------- ---------------------------------------
Identification code ISIN: GB00B0XLRJ79
--------------------------- ---------------------------------------
b) Nature of the transaction Sale of Ordinary Shares pursuant
to the Placing
--------------------------- ---------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
GBP2.52 1,166,310
--------------------------- ---------------------------------------
d) Aggregated information Price(s) Volume(s)
N/A
--------------------------- ---------------------------------------
e) Date of the transaction 18-07-09
--------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange, AIM (XLON)
--------------------------- ---------------------------------------
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 Initial
/ amendment
------------------------------ ------------------------------------
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 Ordinary shares of 10 pence each
financial instrument,
type of instrument
------------------------------ ------------------------------------
Identification code ISIN: GB00B0XLRJ79
------------------------------ ------------------------------------
b) Nature of the transaction Purchase of Ordinary Shares under
Open Offer
------------------------------ ------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
GBP2.52 766
------------------------------ ------------------------------------
d) Aggregated information N/A
------------------------------ ------------------------------------
e) Date of the transaction 18-07-09
------------------------------ ------------------------------------
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 Initial
/ amendment
------------------------------ ------------------------------------
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 Ordinary shares of 10 pence each
financial instrument,
type of instrument
------------------------------ ------------------------------------
Identification code ISIN: GB00B0XLRJ79
------------------------------ ------------------------------------
b) Nature of the transaction Purchase of Ordinary Shares under
Open Offer
------------------------------ ------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
GBP2.52 3,822
------------------------------ ------------------------------------
d) Aggregated information N/A
------------------------------ ------------------------------------
e) Date of the transaction 18-07-09
------------------------------ ------------------------------------
f) Place of the transaction London Stock Exchange, AIM (XLON)
------------------------------ ------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Camilla Kenyon
------------------------------ ------------------------------------
2 Reason for notification
--------------------------------------------------------------------
a) Position / status Executive Director, PDMR
------------------------------ ------------------------------------
b) Initial notification Initial
/ amendment
------------------------------ ------------------------------------
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 Ordinary shares of 10 pence each
financial instrument,
type of instrument
------------------------------ ------------------------------------
Identification code ISIN: GB00B0XLRJ79
------------------------------ ------------------------------------
b) Nature of the transaction Purchase of Ordinary Shares under
Open Offer
------------------------------ ------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
GBP2.52 921
------------------------------ ------------------------------------
d) Aggregated information N/A
------------------------------ ------------------------------------
e) Date of the transaction 18-07-09
------------------------------ ------------------------------------
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 Initial
/ amendment
------------------------------ ------------------------------------
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 Ordinary shares of 10 pence each
financial instrument,
type of instrument
------------------------------ ------------------------------------
Identification code ISIN: GB00B0XLRJ79
------------------------------ ------------------------------------
b) Nature of the transaction Purchase of Ordinary Shares under
Open Offer
------------------------------ ------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
GBP2.52 968
------------------------------ ------------------------------------
d) Aggregated information N/A
------------------------------ ------------------------------------
e) Date of the transaction 18-07-09
------------------------------ ------------------------------------
f) Place of the transaction London Stock Exchange, AIM (XLON)
------------------------------ ------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Campbell Scoones
------------------------------ ------------------------------------
2 Reason for notification
--------------------------------------------------------------------
a) Position / status Non-Executive Director, PDMR
------------------------------ ------------------------------------
b) Initial notification Initial
/ amendment
------------------------------ ------------------------------------
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 Ordinary shares of 10 pence each
financial instrument,
type of instrument
------------------------------ ------------------------------------
Identification code ISIN: GB00B0XLRJ79
------------------------------ ------------------------------------
b) Nature of the transaction Purchase of Ordinary Shares under
Open Offer
------------------------------ ------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
GBP2.52 2,798
------------------------------ ------------------------------------
d) Aggregated information N/A
------------------------------ ------------------------------------
e) Date of the transaction 18-07-09
------------------------------ ------------------------------------
f) Place of the transaction London Stock Exchange, AIM (XLON)
------------------------------ ------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Pankaj Lakhani
------------------------------ ------------------------------------
2 Reason for notification
--------------------------------------------------------------------
a) Position / status Non-Executive Director, PDMR
------------------------------ ------------------------------------
b) Initial notification Initial
/ amendment
------------------------------ ------------------------------------
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 Ordinary shares of 10 pence each
financial instrument,
type of instrument
------------------------------ ------------------------------------
Identification code ISIN: GB00B0XLRJ79
------------------------------ ------------------------------------
b) Nature of the transaction Purchase of Ordinary Shares under
Open Offer
------------------------------ ------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
GBP2.52 1,912
------------------------------ ------------------------------------
d) Aggregated information N/A
------------------------------ ------------------------------------
e) Date of the transaction 18-07-09
------------------------------ ------------------------------------
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 Group Company Secretary, PDMR
------------------------------ ------------------------------------
b) Initial notification Initial
/ amendment
------------------------------ ------------------------------------
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 Ordinary shares of 10 pence each
financial instrument,
type of instrument
------------------------------ ------------------------------------
Identification code ISIN: GB00B0XLRJ79
------------------------------ ------------------------------------
b) Nature of the transaction Purchase of Ordinary Shares under
Open Offer
------------------------------ ------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
GBP2.52 1,750
------------------------------ ------------------------------------
d) Aggregated information N/A
------------------------------ ------------------------------------
e) Date of the transaction 18-07-09
------------------------------ ------------------------------------
f) Place of the transaction London Stock Exchange, AIM (XLON)
------------------------------ ------------------------------------
For further information:
B.P. Marsh & Partners Plc www.bpmarsh.co.uk
Brian Marsh OBE / Camilla Kenyon +44 (0)20 7233 3112
Nominated Adviser & Broker
Panmure Gordon (UK) Limited
Atholl Tweedie / Charles Leigh-Pemberton
/ Sandra Björck +44 (0)20 7886 2500
Redleaf Communications
Emma Kane / Elizabeth Cowell +44 (0)20 7382 4732
Email: bpmarsh@redleafpr.com
Notes to Editors:
About B.P. Marsh & Partners Plc
B.P. Marsh's current portfolio contains seventeen companies.
More detailed descriptions of the portfolio can be found at
www.bpmarsh.co.uk.
Since formation over 25 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 at least five years.
Prior to Brian Marsh's involvement in the Company, he spent many
years in insurance broking and underwriting in Lloyd's as well as
the London and overseas market. He has over 30 years' experience in
building, buying and selling financial services businesses,
particularly in the insurance sector.
Alice Foulk joined B.P. Marsh in September 2011 having started
her career at a leading Life Assurance company. In 2014 she took
over as Executive Assistant to the Chairman, running the Chairman's
Office and established herself as a central part of the management
team.
In February 2015 she was appointed as a Director of B.P. Marsh
and a member of the Investment Committee. In January 2016 Alice was
appointed Managing Director of B.P. Marsh.
In her position as Managing Director, Alice is responsible for
the overall performance of the Company and monitoring the Company's
overall progress towards achieving the objectives and goals of the
Company, as set by the Board.
Dan Topping is the Chief Investment Officer of B.P. Marsh,
having been appointed as a Director in 2011. He joined the Company
in February 2007, following two years at an independent London
accountancy practice. Dan is the Senior Executive with overall
responsibility for the portfolio and investment strategy of B.P.
Marsh.
Dan graduated from the University of Durham in 2005 and is a
member of the Securities and Investment Institute and the Institute
of Chartered Secretaries and Administrators.
Dan is a standing member of the B.P. Marsh Investment and
Valuation Committees and currently serves as a Board Director
across the portfolio.
Camilla Kenyon (Millie) was appointed to the main Board in 2011,
following her appointment as Head of Investor Relations in 2009.
She has dual responsibilities within the Group, running both
Investor Relations and the New Business Department and is Chair of
the New Business Committee evaluating new investment
opportunities.
Millie is nominee director in one investee company and is a
member of the Investment Committee. She has over 20 years of
experience in the financial services industry, including numerous
Board appointments and is a Member of the Investor Relations
Society.
Jonathan Newman is a Chartered Management Accountant and is the
Group Director of Finance and has over 17 years' experience in the
financial services industry. Jon graduated from the University of
Sheffield with an honours degree in Business Studies and joined the
Group in November 1999, following two years at Euler Trade
Indemnity and two years at a Chartered Accountants. Jon is a Member
of the Chartered Global Management Accountants, the Chartered
Management Accountants and the Chartered Institute of Securities
and Investment.
Jon was appointed a Director of B.P. Marsh & Company Limited
in September 2001, and Group Finance Director in December 2003 and
was instrumental in the admission of the Group to AIM in February
2006. Jon is a member of the B.P. Marsh Investment and Valuation
Committees and currently serves as a Board Director for Walsingham
Motor Insurance Limited, and provides senior financial support and
advice to all companies within the Group's portfolio as well as
evaluating new investment opportunities.
- Ends -
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END
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