20th Nov 2009 16:44
RNS Number : 8784C
ICAP PLC
20 November 2009
ICAP plc (the "Company")
Person discharging managerial responsibility shareholding
On 18 November 2009, Stephen McDermott exercised 750,000 ordinary shares under The ICAP plc 2001 Unapproved Company Share Option Plan at a price of 100.30p per share.
In order to meet the US tax liability which is incurred immediately on the exercise of those shares, Mr McDermott sold on the London Stock Exchange on 20 November 2009 a total of 750,000 shares at an average price of £4.3236 per share.
Following these transactions, Stephen McDermott had an interest in 55,200 ordinary shares in the Company.
ICAP plc
20 November 2009
This information is provided by RNS
The company news service from the London Stock Exchange
Related Shares:
IAP.L