TIDMBPM
RNS Number : 9859P
B.P. Marsh & Partners PLC
15 October 2019
Date: 15 October 2019
On behalf of: B.P. Marsh & Partners PLC ("B.P. Marsh", "the
Company" or "the Group")
Immediate release
B.P. Marsh & Partners Plc
PDMR and Director Dealings
B.P. Marsh (AIM: BPM), the specialist investor early stage
financial services businesses, announces that it has been notified
that Mr. Daniel Topping, Chief Investment Officer, Jonathan Newman,
Group Finance Director and Ms. Alice Foulk, Managing Director, on
15(th) October 2019 purchased ordinary shares of 10 pence each in
the Company ("Ordinary Shares").
Daniel Topping has purchased 7,452 Ordinary Shares for a price
of 268p per share. As a result of the transaction, Daniel will have
a beneficial interest in 98,604 Ordinary Shares (including 11,434
shares owned by his wife Claire Topping), together with a
beneficial interest in 19,154 Ordinary Shares held in the Company's
SIP Trust, representing in aggregate approximately 0.31% of the
total voting rights of the Company.
Jonathan Newman has purchased 2,151 Ordinary Shares for a price
of 268p per share. As a result of the transaction, Jonathan will
have a direct beneficial interest in 14,795 Ordinary Shares,
together with a beneficial interest in 19,154 Ordinary Shares held
in the Company's SIP Trust, representing in aggregate approximately
0.09% of the total voting rights of the Company.
Alice Foulk has purchased 1,835 Ordinary Shares for a price of
272p per share. As a result of the transaction, Alice will have a
beneficial interest in 18,634 Ordinary Shares, together with a
beneficial interest in 18,896 Ordinary Shares held in the Company's
SIP Trust, representing in aggregate approximately 0.10% of the
total voting rights of the Company.
Additionally, Daniel, Jonathan and Alice, as part of the
Company's Joint Share Ownership Plan, all have a beneficial
interest (as a joint owner alongside RBC CEES Trustee Limited) over
167,465 Ordinary Shares each, representing approximately 0.45% of
the total voting rights of the Company each.
The information below, set out in accordance with the
requirements of the EU Market Abuse Regulation, provides further
detail.
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 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 via
SIPP
------------------------------ ------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
GBP2.68 7,452
------------------------------ ------------------------------------
d) Aggregated information N/A
------------------------------ ------------------------------------
e) Date of the transaction 19-10-15
------------------------------ ------------------------------------
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 via
SIPP
------------------------------ ------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
GBP2.68 1,965
------------------------------ ------------------------------------
d) Aggregated information N/A
------------------------------ ------------------------------------
e) Date of the transaction 19-10-15
------------------------------ ------------------------------------
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 via
ISA
------------------------------ ------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
GBP2.68 186
------------------------------ ------------------------------------
d) Aggregated information N/A
------------------------------ ------------------------------------
e) Date of the transaction 19-10-15
------------------------------ ------------------------------------
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 via
SIPP
------------------------------ ------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
GBP2.72 1835
------------------------------ ------------------------------------
d) Aggregated information N/A
------------------------------ ------------------------------------
e) Date of the transaction 19-10-15
------------------------------ ------------------------------------
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 / Sinead O'Haire +44 (0)20 7233 3112
Nominated Adviser & Broker
Panmure Gordon (UK) Limited
Atholl Tweedie / Eric Anderson / Charles Leigh-Pemberton
/ Ailsa MacMaster +44 (0)20 7886 2500
Notes to Editors:
About B.P. Marsh & Partners Plc
B.P. Marsh's current portfolio contains sixteen 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, with
over a decade of experience in the financial services sector. 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. Having spent two years at
an independent London accountancy practice, he joined the company
in 2007. He was appointed as a Director in 2011 and promoted to his
current role in 2015.
Dan is a standing member of the B.P. Marsh Investment and
Valuation Committees and currently serves as a Board Director
across the portfolio.
Jonathan Newman is a Chartered Management Accountant and is the
Group Director of Finance and has over 20 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 Nominee Director on the Boards
of three Investee Companies, 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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