4th Apr 2024 16:45
TP ICAP Group plc
LEI: 2138006YAA7IRVKKGE63
4 April 2024
TP ICAP Group plc (the 'Company' or 'TP ICAP')
Notification of transactions by persons discharging managerial responsibilities ('PDMRs')
On 4 April 2024 the Company received the following notifications relating to the:
· vesting of awards granted on 30 March 2021 over ordinary shares of 25p each of the Company (the "Company Shares") under the rules of the TP ICAP Group plc Deferred Bonus Plan 2020 (the "2021 DBS Plan");
· vesting of tranche 2 of the awards granted on 31 March 2022 over the Company Shares under the rules of the TP ICAP Group plc Deferred Bonus Plan 2022 (the "2022 DBS Plan"); and
· vesting of tranche 1 of the awards granted on 31 March 2023 over the Company Shares under the rules of the TP ICAP Group plc Deferred Bonus Plan 2023 (the "2023 DBS Plan").
Vesting of awards
Following the vestings on 31 March 2024 a total of 944,148 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. These market sales of the shares to discharge the income tax, NI liability and dealing charges incurred as a result of the awards vesting were completed on 3 April 2024. For the awards vesting under the 2023 DBS Plan, a further six-month post vesting retention period applies to.
The table below 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 | Nicolas Breteau | Philip Price | Robin Stewart |
Title | Chief Executive Officer | Group General Counsel | Chief Financial Officer |
2021 DBS Plan | |||
Company Shares Released | 259,757 | 135,693 | 128,799 |
Company Shares sold to discharge tax and NI liabilities and dealing charges | 122,392 | 63,936 | 60,687 |
Sale price per Company Share (£) | 2.232627 | 2.232627 | 2.232627 |
Company Shares Retained | 137,365 | 71,757 | 68,112 |
2022 DBS Plan | |||
Company Shares Released | 111,102 | 51,819 | 47,081 |
Company Shares sold to discharge tax and NI liabilities and dealing charges | 52,349 | 24,416 | 22,184 |
Sale price per Company Share (£) | 2.232627 | 2.232627 | 2.232627 |
Company Shares Retained | 58,753 | 27,403 | 24,897 |
2023 DBS Plan | |||
Company Shares Released | 108,113 | 51,819 | 49,965 |
Company Shares sold to discharge tax and NI liabilities and dealing charges | 50,941 | 24,416 | 23,543 |
Sale price per Company Share (£) | 2.232627 | 2.232627 | 2.232627 |
Company Shares Retained | 57,172 | 27,403 | 26,422 |
Notifications
The following notifications are made in accordance with the requirements of the UK Market Abuse Regulation and provides 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 and PDMR | ||||
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 Group plc Deferred Bonus Share Plan 2021 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
259,757
£nil
| ||||
e)
| Date of the transaction
| 31 March 2024 | ||||
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 Group plc Deferred Bonus Share Plan 2021 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
122,392
£2.232627 | ||||
e)
| Date of the transaction
| 3 April 2024 | ||||
f)
| Place of the transaction | London Stock Exchange | ||||
Transaction 3 | ||||||
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 tranche 2 of the TP ICAP Group plc Deferred Bonus Share Plan 2022 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
111,102
£nil
| ||||
e)
| Date of the transaction
| 31 March 2024 | ||||
f)
| Place of the transaction | Outside a trading venue | ||||
Transaction 4 | ||||||
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 tranche 2 of the TP ICAP Group plc Deferred Bonus Share Plan 2022 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
52,349
£2.232627 | ||||
e)
| Date of the transaction
| 3 April 2024 | ||||
f)
| Place of the transaction | London Stock Exchange | ||||
Transaction 5 | ||||||
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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
108,113
£nil
| ||||
e)
| Date of the transaction
| 31 March 2024 | ||||
f)
| Place of the transaction | Outside a trading venue | ||||
Transaction 6 | ||||||
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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
50,941
£2.232627 | ||||
e)
| Date of the transaction
| 3 April 2024 | ||||
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 and PDMR | ||||
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 Group plc Deferred Bonus Share Plan 2021 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
135,693
£nil
| ||||
e)
| Date of the transaction
| 31 March 2024 | ||||
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 Group plc Deferred Bonus Share Plan 2021 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
63,936
£2.232627 | ||||
e)
| Date of the transaction
| 3 April 2024 | ||||
f)
| Place of the transaction | London Stock Exchange | ||||
Transaction 3 | ||||||
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 tranche 2 of the TP ICAP Group plc Deferred Bonus Share Plan 2022 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
51,819
£nil
| ||||
e)
| Date of the transaction
| 31 March 2024 | ||||
f)
| Place of the transaction | Outside a trading venue | ||||
Transaction 4 | ||||||
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 tranche 2 of the TP ICAP Group plc Deferred Bonus Share Plan 2022 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
24,416
£2.232627 | ||||
e)
| Date of the transaction
| 3 April 2024 | ||||
f)
| Place of the transaction | London Stock Exchange | ||||
Transaction 5 | ||||||
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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
51,819
£nil
| ||||
e)
| Date of the transaction
| 31 March 2024 | ||||
f)
| Place of the transaction | Outside a trading venue | ||||
Transaction 6 | ||||||
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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
24,416
£2.232627 | ||||
e)
| Date of the transaction
| 3 April 2024 | ||||
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 and PDMR | ||||
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 Group plc Deferred Bonus Share Plan 2021 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
128,799
£nil
| ||||
e)
| Date of the transaction
| 31 March 2024 | ||||
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 Group plc Deferred Bonus Share Plan 2021 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
60,687
£2.232627 | ||||
e)
| Date of the transaction
| 3 April 2024 | ||||
f)
| Place of the transaction | London Stock Exchange | ||||
Transaction 3 | ||||||
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 tranche 2 of the TP ICAP Group plc Deferred Bonus Share Plan 2022 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
47,081
£nil
| ||||
e)
| Date of the transaction
| 31 March 2024 | ||||
f)
| Place of the transaction | Outside a trading venue | ||||
Transaction 4 | ||||||
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 tranche 2 of the TP ICAP Group plc Deferred Bonus Share Plan 2022 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
22,184
£2.232627 | ||||
e)
| Date of the transaction
| 3 April 2024 | ||||
f)
| Place of the transaction | London Stock Exchange | ||||
Transaction 5 | ||||||
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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
49,965
£nil
| ||||
e)
| Date of the transaction
| 31 March 2024 | ||||
f)
| Place of the transaction | Outside a trading venue | ||||
Transaction 6 | ||||||
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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 award.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
23,543
£2.232627 | ||||
e)
| Date of the transaction
| 3 April 2024 | ||||
f)
| Place of the transaction | London Stock Exchange | ||||
Enquiries
Vicky Hart
Group Company Secretary
+44 (0) 20 7200 7117
Related Shares:
TP ICAP