5th Dec 2006 07:01
ICAP PLC05 December 2006 Transaction in own shares ICAP plc announces that on 4 December 2006 it purchased 2,000,000 of its 10pordinary shares at a price of 444.86 pence per ordinary share. ICAP has more than sufficient capital to continue to develop its businessesunder its already announced strategy of organic and acquisition driven growthand is in a very strong position to take part in the ongoing consolidation inits markets. In recognition of the recent weakness in its share price and as part of itscapital management programme, ICAP intends in the near term to make furthermarketpurchases of its ordinary shares. Following the above purchase, the Company holds 2,000,000 ordinary shares astreasury shares. The total number of ordinary shares in issue (excluding sharesheld in treasury) is 646,463,803. This share buyback is in accordance with the authority granted by shareholdersat its Annual General Meeting in July 2006. Contact: Mike Sheard Director of Coporate Affairs, ICAP plc Tel: + 44 20 7050 7103 About ICAP: ICAP is the world's largest voice and electronic interdealer broker with a dailyaverage transaction volume in excess of $1 trillion, 50% of which is electronic.The Group is active in the wholesale market for interest rate, credit, foreignexchange, energy and equity products. With over 3,400 staff, ICAP has a strongpresence in each of the three major financial markets, London, New York andTokyo, together with a local presence in 20 other financial centres. For moreinformation go to www.icap.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
IAP.L