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LONDON - B.P. Marsh & Partners Plc, a specialist investor in early stage financial services businesses, has awarded 15,686 ordinary shares to eligible employees as part of its Share Incentive Plan (SIP), the company announced on Monday.
The shares, priced at £6.30 each, were granted under three categories: Partnership Shares, Matching Shares, and Free Shares. Eleven employees participated in the SIP, each receiving 571 Free Shares and opting to purchase 285 Partnership Shares, which were matched by the company with an additional 570 shares per employee.
The total share distribution resulted in each participating employee acquiring 1,426 Ordinary Shares. The Free and Matching Shares are subject to a one-year forfeiture period.
The company also disclosed that certain directors have participated in the SIP, with detailed information regarding their individual holdings provided. Managing Director Alice Foulk, Chief Investment Officer Daniel Topping, and Group Finance Officer Francesca Chappell were among the directors who increased their stakes in the company through the SIP.
The awarded shares were sourced from the unallocated Ordinary Shares within the B.P. Marsh SIP Trust, which were transferred from Treasury on the same day. Following this transaction, B.P. Marsh’s issued share capital remains at 37,100,000 Ordinary Shares, with 8,186 held in treasury, leaving 37,091,814 Ordinary Shares with voting rights.
This move is part of B.P. Marsh’s ongoing efforts to incentivize and reward its employees. The company’s portfolio includes seventeen companies, and the management team boasts extensive experience in both financial services and private equity investments.
The share transactions took place on the London Stock Exchange (LON:LSEG)’s AIM market. Shareholders may use the total voting rights figure of 37,091,814 as the denominator for calculations to determine if they are required to notify their interest in B.P. Marsh under the FCA’s Disclosure and Transparency Rules.
The information in this article is based on a press release statement from B.P. Marsh & Partners Plc.
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