LONDON - Panmure Liberum Capital Limited has successfully concluded the secondary placing of 1,936,881 ordinary shares in B.P. Marsh & Partners Plc, raising gross proceeds of approximately £12.2 million, the firm announced on Monday. The shares were sold at 630 pence each, representing about 5.2% of the insurance investment company’s issued share capital.
The transaction, carried out via an accelerated bookbuild, saw the selling shareholder, PSC UK Pty Ltd, reduce its stake in B.P. Marsh to approximately 14.7% post-sale. The shares that remain with PSC UK Pty Ltd after the placing are subject to a 60-day lock-up period, ending on July 8, 2025, though Panmure Liberum has the discretion to waive this lock-up.
The trade date for the placing is today, with settlement expected to occur on Thursday, May 13, 2025. B.P. Marsh & Partners Plc will not receive any proceeds from this transaction as it involves the sale of existing shares by a shareholder rather than the issuance of new shares.
This move by PSC UK Pty Ltd to sell a portion of its holdings in B.P. Marsh & Partners Plc is a significant transaction within the company’s share capital. However, it is important to note that the information in this article is based on a press release statement and not an endorsement of the company’s performance or future prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.