Receipt of Deferred Consideration

(AIM: BPM) B.P. Marsh & Partners Plc has received the second tranche of deferred consideration of £5.1m in connection with the sale of Aspira Corporate Solutions Limited. The company has received total proceeds of £14.3m from the sale of Aspira to date, comprising £3.3m in loan repayments and £11m in deferred consideration. The sale of 100% of Aspira by LEBC Holdings Limited to Titan Wealth Holdings Limited completed on 16 April 2024, with consideration payable over a three-year period. B.P. Marsh's valuation of LEBC as at 31 July 2023 was £15.9m. The final deferred consideration payment of £5.1m is expected in 2027, and upon receipt, total proceeds from the transaction will amount to £16.1m. The Group received repayment in full of its £3.3m loan to LEBC in June 2025. No performance conditions are attached to the outstanding payment.