Business
Secondary Share Sale
Secondary Share Sale.
About this update from B.p. Marsh & Partners Plc
[{"type":"text","content":"\n\nNOT 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.\nTHE 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.\n \n12 May 2025\n \nSECONDARY SHARE SALE\n \nFurther to the secondary placing completed on 9 May 2025 (the \"Placing\"), PSC UK Pty Ltd (the \"Selling Shareholder\") announces that it has today completed the sale of a further 1,822,183 ordinary shares in the capital of B.P. Marsh & Partners Plc (\"B.P. Marsh\") at a price of 630 pence per share, which represents approximately 4.9% of B.P. Marsh's issued share capital (the \"Sale\"). The Sale was made to one institutional investor following receipt of buying demand for the ordinary shares after the Placing bookbuild process had completed.\nFollowing completion of the Placing and the Sale, the Selling Shareholder will hold 3,626,440 ordinary shares in B.P. Marsh, representing approximately 9.8% of B.P. Marsh's issued share capital.\nPanmure Liberum Limited (\"Panmure Liberum\") is acting for the Selling Shareholder in connection with the Placing and the Sale. To permit the Sale, Panmure Liberum has waived the 60-day lock-up undertaking that was agreed in connection with the Placing (the \"Lock-Up\").\nThe remainder of the B.P. Marsh shares held by the Selling Shareholder following the Sale will remain subject to the Lock-Up.\nB.P. Marsh will not receive any proceeds from the Placing or the Sale.\n \nEnquiries:\nPanmure Liberum\nSole Bookrunner to the Sel...