Secondary Share Sale in B.P. Marsh & Partners PLC

Summary by AI BETAClose X

Brian Marsh OBE intends to sell existing ordinary shares (nominal 10p) in B.P. Marsh & Partners with an aggregate value of c.£11.0m at 650p per share, representing approximately 1.69m Sale Shares; this is a secondary sale of existing stock rather than an issuance so is non-dilutive. The banks handling the sale have received expressions of interest from institutional investors and a further announcement will follow. The transaction increases free float and could exert downward pressure on the share price despite apparent institutional demand.

Disclaimer*

UK 100

Latest directors dealings