19th May 2010 18:00
ICAP plc (the "Company")
Person discharging managerial responsibility shareholding
On 19 May 2010, the Company was notified that EES Trustees International Limited, as Trustee of the ICAP Employee Share Trust, transferred at nil cost 273,826 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 24 May 2007.
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 273,826 shares at an average price of £3.77546 per share.
Following these transactions, Stephen McDermott had an interest in 55,200 ordinary shares in the Company.
ICAP plc
19 May 2010
Related Shares:
IAP.L