Exercise Of Options and Total Voting Rights

B.P. Marsh & Partners PLC

14 September 2026

 

14 September 2026

B.P. Marsh & Partners Plc

(“B.P. Marsh”, the “Company” or the “Group”)

Exercise Of Options and Total Voting Rights

 B.P. Marsh & Partners Plc (AIM: BPM), the specialist private equity investor in early-stage financial services businesses, announces that a number of company employees (the “Employees”) including Daniel Topping, Francesca Chapell and Alice Foulk (each of whom is a person discharging managerial responsibilities (“PDMR”)), have received ordinary shares of 10 pence each in the Company (the “Ordinary Shares”), following the exercise today of 835,249 share options awarded under Share Option Plan established on 6 September 2023 (the “Share Options”).

Details of the exercise of Share Options by PDMRs are set out below:

Director/PDMR	Number of Share Options exercised	Number of Ordinary Shares received pursuant to the exercise	Resultant number of Ordinary Shares held	As a percentage of the Company’s issued share capital
Daniel Topping	155,000	155,000	453,143	1.22%
Francesca Chappell	100,000	100,000	101,961	0.27%
Alice Foulk	175,000	175,000	198,428	0.53%

The exercise of the Share Options has been satisfied through the transfer of 835,249 Ordinary Shares held by the Company in treasury and no new Ordinary Shares have been issued.

Each of the Employees intends to subsequently sell a sufficient number of Ordinary Shares to satisfy their respective tax liabilities and other costs arising on exercise. The Company intends to repurchase these Ordinary Shares back for the benefit of the Company’s treasury. Such repurchase would be made outside of the Company’s Share Buyback Programme announced on 15 July 2026.

The Company will make a further announcement as appropriate following the repurchase of these Ordinary Shares.

Total Voting Rights

The Company’s total issued share capital is 37,100,000 Ordinary Shares. Following the transfer of 835,249 Ordinary Shares from treasury to the Employees, the Company now holds 479,239 Ordinary Shares in treasury. Therefore, the total number of voting rights in the company is 36,620,761.

The above figure of 36,620,761 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

The PDMR Notification of Dealing Form required in accordance with UK MAR is set out below.

For further information please contact:

B.P. Marsh & Partners Plc Daniel Topping / Alice Foulk	[phone]
Nominated Adviser & Joint Corporate Broker: Singer Capital Markets Advisory LLP Charles Leigh-Pemberton / Peter Steel / James Todd	[phone]
Joint Corporate Broker: Investec Bank plc Christopher Baird / Gordon Hamilton	[phone]
Financial PR & Investor Relations: Tavistock Simon Hudson / Katie Hopkins / Kuba Stawiski	[e-mail] [phone]

About B.P. Marsh

B.P. Marsh & Partners Plc (AIM: BPM) is a specialist investor in early stage and small to medium-sized financial services intermediary businesses, with a particular focus on the insurance sector. Bridging the gap to traditional private equity funding rounds, B.P. Marsh takes a typical initial equity stake of up to £5m, often complemented by loans, and is able to tailor its investment model to each opportunity. Taking a long-term view of its investments, with an average holding period of around seven years, the Group supplies strategic insight and capital while empowering entrepreneurial management teams to grow their businesses.

The B.P. Marsh portfolio is diversified by geography and class of business, spanning insurance brokers, underwriting agencies and financial advisers in the UK, Europe, North America and other international markets. For further information, including details of the current portfolio and recent exits, please visit: www.bpmarsh.co.uk.

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 Executive Officer
b)	Initial notification / amendment	Initial Notification
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: GB00B0XLRJ7
b)	Nature of the transaction	Exercise of options over Ordinary Shares pursuant to the Company’s Share Option Plan
c)	Price(s) and volumes(s)	Price	Volume
		10p	155,000
d)	Aggregated information	NA
e)	Date of the transaction	14 September 2026
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Francesca Chappell
2	Reason for notification
a)	Position / status	Chief Finance Officer
b)	Initial notification / amendment	Initial Notification
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: GB00B0XLRJ7
b)	Nature of the transaction	Exercise of options over Ordinary Shares pursuant to the Company’s Share Option Plan
c)	Price(s) and volumes(s)	Price	Volume
		10p	100,000
d)	Aggregated information	NA
e)	Date of the transaction	14 September 2026
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alice Foulk
2	Reason for notification
a)	Position / status	Chief Operating Officer
b)	Initial notification / amendment	Initial Notification
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: GB00B0XLRJ7
b)	Nature of the transaction	Exercise of options over Ordinary Shares pursuant to the Company’s Share Option Plan
c)	Price(s) and volumes(s)	Price	Volume
		10p	175,000
d)	Aggregated information	NA
e)	Date of the transaction	14 September 2026
f)	Place of the transaction	Outside a trading venue

 

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