B.P. Marsh & Partners PLC Purchase of own shares (7723Q)
October 22 2019 - 12:30PM
UK Regulatory
TIDMBPM
RNS Number : 7723Q
B.P. Marsh & Partners PLC
22 October 2019
Date: 22 October 2019
B.P. Marsh & Partners Plc
("B.P. Marsh" or "the Company")
Purchase of own shares
B.P. Marsh, the specialist investor in early stage financial
services intermediaries, announces that on 21(st) October 2019 it
purchased 7,367 ordinary shares of 10 pence each in the Company
("Ordinary Shares") at a price of 272 pence per Ordinary Share
pursuant to the share buyback programme (the "Programme") announced
on 17 July 2019. These shares are to be held in Treasury, taking
the total number of shares held by the Company in Treasury to
89,504 shares.
As a result of the above, the total number of Ordinary Shares in
issue is 37,478,077 and the total number of voting rights in B.P.
Marsh, is 37,388,573 This figure may be used by shareholders as the
denominator for the calculations by which they will determine
whether they are required to notify their interest in, or a change
to their interest in, the Company under the FCA's Disclosure and
Transparency Rules.
In accordance with Article 5(1)(b) of Regulation (EU) No
596/2014 (the Market Abuse Regulation), the schedules below contain
a summary of and detailed information about the purchases made by
the Company's broker, Panmure Gordon (UK) Limited on behalf of the
Company as part of the Programme.
Schedule 1 - aggregate information:
Date of purchase: 21(st) October
2019
Number of Ordinary Shares purchased: 7,367
----------------
Highest price paid per Ordinary Share (pence) 272
----------------
Lowest price paid per Ordinary Share (pence) 272
----------------
Volume weighted average price paid per Ordinary
Share (pence) 272
----------------
Schedule 2 - individual transactions:
Transaction price
Time of purchase Number of Ordinary (pence per Ordinary
Date of purchase (hh:mm - GMT) Shares purchased Share)
21/10/2019 14:51 7,367 272
----------------- ------------------- ---------------------
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
Atholl Tweedie / 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.
This information is provided by RNS, the news service of the
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Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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