Panmure Liberum facilitates secondary share sale for PSC UK Pty Ltd

LONDON - PSC UK Pty Ltd ("Selling Shareholder") has completed the sale of 1,822,183 ordinary shares in B.P. Marsh & Partners Plc ("B.P. Marsh") at a price of 630 pence per share on Monday. This transaction represents approximately 4.9% of B.P. Marsh’s issued share capital and was executed following unexpected buying demand from an institutional investor after the initial placing bookbuild process was finalized last Thursday.

The Selling Shareholder’s remaining stake in B.P. Marsh now stands at approximately 9.8%, equating to 3,626,440 ordinary shares in the company. Panmure Liberum Capital Limited ("Panmure Liberum") acted as the financial advisor for the Selling Shareholder during both the placing and the sale.

In order to facilitate this recent sale, Panmure Liberum agreed to waive the 60-day lock-up period that had been established in connection with the initial placing. However, the remaining shares held by the Selling Shareholder in B.P. Marsh will continue to be bound by the lock-up agreement.

It is important to note that B.P. Marsh will not receive any proceeds from either the placing or the subsequent sale. The sale has been made public as per the regulatory requirements, and the information is now considered to be in the public domain.

This sale comes after the Selling Shareholder had already offloaded shares earlier in the week, indicating a strategy to reduce its holding in B.P. Marsh while responding to market demand. The identity of the institutional investor has not been disclosed.

The transaction may be of interest to investors tracking share ownership patterns and institutional interest in B.P. Marsh, which operates in the financial sector. The sale and the waiving of the lock-up period could potentially signal increased liquidity of B.P. Marsh shares in the market.

This report is based on a press release statement and aims to present the facts of the sale without any promotional language or speculative commentary.

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