Director/PDMR Shareholding

18 September 2024

B.P. Marsh & Partners Plc

PDMR and Director Dealing

B.P. Marsh (AIM: BPM), the specialist investor in early-stage financial services businesses, announces that it has been notified that Ms. Alice Foulk, Managing Director of the Company, has traded in the ordinary shares of 10 pence each in the Company ("Ordinary Shares")

The Company has been notified of the sale of Ordinary Shares on 17 September 2024 at the open market price of 526.32p per share by Ms. Alice Foulk, Managing Director of the Company. The Ordinary Shares sold were held under the B.P. Marsh Joint Share Ownership Plan (the "JSOP") ("JSOP Shares").

The JSOP was established on 13 June 2018 and announced by the Company on the same date. On this date the Employee Participants entered into individual Joint Ownership Agreements ("JOAs") with JTC Employer Solutions Trustee Limited (formerly RBC cees Trustee Limited) (the "EBT") as part of the Company's remuneration and staff incentive arrangements.

The beneficial interests in the JSOP Shares are jointly held between the relevant employee and the EBT. The terms of the JOA included a minimum vesting period of three years and, subject to the Employee Participant remaining employed for this duration, state that upon sale of the vested shares the proceeds of sale will be divided between the joint owners so that the EBT receives 312.60p per share (which represents the Initial Threshold Value of 281p plus a hurdle amount of 3.75% per annum during the vesting period) and the Employee Participant is entitled to the balance of 213.72p per share. The JOAs matured as fully vested on 13 June 2021 and Ms. Foulk has now partially exercised her right to sell 27,200 JSOP Shares.

As a result of the transaction, Alice has a beneficial interest in 23,428 Ordinary Shares, together with a beneficial interest in 25,809 Ordinary Shares held in the Company's SIP Trust, representing in aggregate approximately 0.13% of the total voting rights of the Company.

Additionally, Alice, as part of the Company's Joint Share Ownership Plan, has a beneficial interest (as a joint owner alongside JTC Employer Solutions Trustee) over 90,414 Ordinary Shares, representing approximately 0.24% of the total voting rights of the Company.

Furthermore, Alice has options over 260,000 Ordinary Shares as part of the Company's Share Option Plan announced on 15 November 2023.

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

For further information:                                                                         

Notes to Editors:

B.P. Marsh's current portfolio contains fifteen 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 over ten years.

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