NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER TO SELL OR ACQUIRE SECURITIES IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR IN ANY OTHER JURISDICTION.
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019 (AS FURTHER AMENDED, VARIED OR SUBSTITUTED FROM TIME TO TIME AS A MATTER OF UK LAW). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA THE REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
6 August 2025
B.P. Marsh & Partners Plc
("B.P. Marsh" or the "Company")
Proposed Buyback of up to approximately 0.8 million shares in the Company from PSC UK Pty Ltd
The Company notes the announcement issued earlier today by PSC UK Pty Ltd (the "Selling Shareholder"), a wholly owned subsidiary company of the Ardonagh Group, in which it announced its intention to sell its entire shareholding of approximately 3.6 million ordinary shares in the Company (the "Placing Shares") at a price of 650 pence per Placing Share by way of an accelerated bookbuild to institutional investors (the "Placing"). The Placing Shares represent approximately 9.8% of the Company's issued share capital.
The Company has notified the Selling Shareholder of its intention to participate in the Placing for up to 769,231 Placing Shares (the "Proposed Buyback") at the placing price. The Proposed Buyback will be conducted in accordance with the Company's existing buyback authority (the "Authority") granted at its General Meeting held on 2 June 2025 (the "General Meeting").
Given the strength of the Company's balance sheet and the prevailing circumstances, the Board believes the Proposed Buyback is a good use of the Company's significant cash balances and expects the Proposed Buyback to be accretive to the Company's net asset value per share and in the best interest of all shareholders.
The Company will not receive any proceeds from the Placing.
A further announcement will be made if and when appropriate.
For further information on B.P. Marsh, its strategy, and current portfolio, please visit www.bpmarsh.co.uk or contact:
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| B.P. Marsh & Partners Plc Brian Marsh OBE / Alice Foulk
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+44 (0)20 7233 3112 |
| Nominated Adviser & Joint Corporate Broker: Panmure Liberum Limited David Watkins / Atholl Tweedie / Amrit Mahbubani
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+44 (0)20 7886 2500 |
| Joint Corporate Broker: Singer Capital Markets Advisory LLP Charles Leigh Pemberton / Asha Chotai
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+44 (0)20 7496 3000 |
| Financial PR & Investor Relations: Tavistock Simon Hudson / Katie Hopkins / Kuba Stawiski |
+44 (0)20 7920 3150 |
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