10th Jun 2005 16:12
ICAP PLC10 June 2005 ICAP plc ("the Company") Grant of options under the Bonus Share Matching Plan On 10 June 2005 options over Ordinary 10p shares in the Company were granted tothe following directors under the Bonus Share Matching Plan. DIRECTOR BASIC AWARD MATCHING AWARD M A Spencer 701,712 701,712D Gelber 175,428 175,428J N Pettigrew 201,742 201,742 The exercise price for a Basic Award is £1 and the exercise price for a MatchingAward is £1. The exercise period for this award will commence on the day of theannouncement of the Company's annual results for the financial year ending 31 March 2008 and will last for a period of 12 months. The aggregate of the awards, being 2,157,764 Ordinary 10p shares, are to besatisfied by shares held in the ICAP Employee Share Trust (the "Trust"). The Trust is a discretionary trust of which all employees and former employeesof ICAP plc and its subsidiaries are potential beneficiaries. Four of theCompany's directors, Michael Spencer, David Gelber, Jim Pettigrew and StephenMcDermott are therefore regarded for Companies Act purposes as beinginterested in the 1,115,614 ICAP plc shares held by the trustees of the Trustthat remain unallocated following these awards. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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