20th May 2009 15:21
ICAP plc (the "Company")
Person discharging managerial responsibility shareholding
On 19 May 2009, the Company was notified that Halifax EES Trustees International Limited, as Trustee of the ICAP Employee Share Trust, transferred at nil cost 281,206 ordinary shares of 10p each (ordinary shares) in the Company to Stephen McDermott, a person discharging managerial responsibility of the Company, in satisfaction of a promise to receive shares made to him on 22 June 2006.
In order to meet the US tax liability which is incurred immediately by the transfer and exercise of those shares, Mr McDermott sold on the London Stock Exchange on 19 May 2009 a total of 281,206 shares at an average price of £4.240285 per share.
In addition Mr McDermott sold a further 37,440 shares held in his name on 20 May 2009 at an average price of £4.247094 per share.
Following these transactions, Stephen McDermott had an interest in 55,200 ordinary shares in the Company.
ICAP plc
20 May 2009
Related Shares:
IAP.L