31st Jul 2020 15:32
TP ICAP PLC - London-based interdealer broker - Completes acquisition of European brokerage group Louis Capital Markets and MidCap Partners for USD21 million in cash. Now to pay a deferred non-contingent consideration of USD6 million over two years, and further USD17 million of deferred considerations depending on performance of business over three to five years. Reports interim results next Friday.
Appoints Tracy Clarke as non-executive director with effect from January 1, 2021. Is currently a director at Standard Chartered Bank UK, with roles of chief executive officer for Europe & Americas, and CEO for Private Banking.
Current stock price: 336.00 pence
Year-to-date change: down 18%
By Dayo Laniyan; [email protected]
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