31st Mar 2022 18:03
Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMRs') or persons closely associated with them
TP ICAP Group plc (the "Company") hereby announces that on 29 and 30 March 2022 the following notifications were received relating to the vesting of awards granted on 29 March 2019 over ordinary shares of 25p each of the Company (the "Company Shares") under the rules of the TP ICAP plc Deferred Bonus Plan 2018 (the "Plan").
Following the vesting, a total of 290,541 Company Shares were released by the TP ICAP Employee Benefit Trust ("EBT") to the PDMRs named in the table below, who then elected to sell a number of shares to settle the income tax and national insurance ("NI") liabilities and dealing charges arising upon the vesting of the awards. The table sets out the number of Company Shares released to each PDMR, the number subsequently sold to discharge the income tax, NI liability and dealing charges incurred as a result of their awards vesting, and the number retained by each PDMR.
PDMR | Title | Company Shares Released | Company Shares sold to discharge tax and NI liabilities and dealing charges | Sale price per Company Share (£) | Company Shares Retained |
Nicolas Breteau | Chief Executive Officer | 152,582 | 71,894 | 1.474189 | 80,688 |
Philip Price | Group General Counsel | 68,081 | 32,079 | 1.474189 | 36,002 |
Robin Stewart | Chief Financial Officer | 69,878 | 32,926 | 1.474189 | 36,952 |
For further enquiries please contact Company Secretarial on +44 (0) 20 7200 7000.
The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Nicolas Breteau | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| TP ICAP Group plc | ||||
b)
| LEI
| 2138006YAA7IRVKKGE63 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
Transaction 1 | ||||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Ordinary shares of 25p each
JE00BMDZN391 | ||||
b)
| Nature of the transaction
| Transfer of ordinary shares of 25p each in TP ICAP Group plc from the TP ICAP Employee Benefit Trust to the PDMR following the vesting of the TP ICAP plc Deferred Bonus Plan 2018 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
152,582
£nil
| ||||
e)
| Date of the transaction
| 29/03/2022 | ||||
f)
| Place of the transaction | Outside a trading venue | ||||
Transaction 2 | ||||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Ordinary shares of 25p each
JE00BMDZN391 | ||||
b)
| Nature of the transaction
| Sale of ordinary shares of 25p each in TP ICAP Group plc to meet the income tax and national insurance liabilities and dealing charges arising upon the vesting of the TP ICAP plc Deferred Bonus Plan 2018 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
71,894
1.474189 | ||||
e)
| Date of the transaction
| 30/03/2022 | ||||
f)
| Place of the transaction | London Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Philip Price | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| TP ICAP Group plc | ||||
b)
| LEI
| 2138006YAA7IRVKKGE63 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
Transaction 1 | ||||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Ordinary shares of 25p each
JE00BMDZN391 | ||||
b)
| Nature of the transaction
| Transfer of ordinary shares of 25p each in TP ICAP Group plc from the TP ICAP Employee Benefit Trust to the PDMR following the vesting of the TP ICAP plc Deferred Bonus Plan 2018 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
68,081
£nil
| ||||
e)
| Date of the transaction
| 29/03/2022 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
Transaction 2 | ||||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Ordinary shares of 25p each
JE00BMDZN391 | ||||
b)
| Nature of the transaction
| Sale of ordinary shares of 25p each in TP ICAP Group plc to meet the income tax and national insurance liabilities and dealing charges arising upon the vesting of the TP ICAP plc Deferred Bonus Plan 2018 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
32,079
1.474189 | ||||
e)
| Date of the transaction
| 30/03/2022 | ||||
f)
| Place of the transaction | London Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Robin Stewart | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| TP ICAP Group plc | ||||
b)
| LEI
| 2138006YAA7IRVKKGE63 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
Transaction 1 | ||||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Ordinary shares of 25p each
JE00BMDZN391 | ||||
b)
| Nature of the transaction
| Transfer of ordinary shares of 25p each in TP ICAP Group plc from the TP ICAP Employee Benefit Trust to the PDMR following the vesting of the TP ICAP plc Deferred Bonus Plan 2018 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
69,878
£nil
| ||||
e)
| Date of the transaction
| 29/03/2022 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
Transaction 2 | ||||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Ordinary shares of 25p each
JE00BMDZN391 | ||||
b)
| Nature of the transaction
| Sale of ordinary shares of 25p each in TP ICAP Group plc to meet the income tax and national insurance liabilities and dealing charges arising upon the vesting of the TP ICAP plc Deferred Bonus Plan 2018 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
32,926
1.474189 | ||||
e)
| Date of the transaction
| 30/03/2022 | ||||
f)
| Place of the transaction | London Stock Exchange | ||||
Related Shares:
TP ICAP