29th May 2009 16:10
ICAP plc (the "Company")
Grant of options under the Bonus Share Matching Plan
On 28 May 2009 options over ordinary 10p shares in the Company were granted to the following directors under the Bonus Share Matching Plan.
DIRECTOR BASIC AWARD MATCHING AWARD
Michael Spencer 607,543 607,543
Matthew Lester 140,694 140,694
John Nixon 63,951 63,951
Mark Yallop 402,897 402,897
The exercise price for a Basic Award is £1 and the exercise price for a Matching Award is £1. The exercise period for this award will commence on the day of the announcement of the Company's annual results for the financial year ending on 31 March 2012 and will last for a period of 5 years.
Grant of options under the ICAP plc Senior Management Long Term Incentive Plan (LTIP)
On the 28 May 2009 the following person discharging managerial responsibilities was awarded the following shares under the LTIP:
DIRECTOR BASIC AWARD MATCHING AWARD
Doug Rhoten 211,598 42,319
The vesting of the conditional award of shares constituting the Basic Award will occur as follows (subject to the forfeiture provisions):
one year after the date of award - one-third of the shares will vest;
two years after the date of award - a further one-third of the shares will vest;
three years after the date of award - the final third of the shares will vest.
The vesting of the conditional awards of shares constituting the Matching Award will occur as follows (subject to the forfeiture provisions):
three years after the date of award the shares representing the Matching Award will vest.
The aggregate of these BSMP and LTIP awards, being 2,684,087 ordinary 10p shares, will be satisfied by shares held in the ICAP Employee Share Trust.
ICAP plc
29 May 2009
Related Shares:
IAP.L