REG - TP ICAP Group plc - Director/PDMR Shareholding
03/04/2023 17:15
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RNS Number : 2155V TP ICAP Group plc 03 April 2023
TP ICAP Group plc
LEI: 2138006YAA7IRVKKGE63
3 April 2023
TP ICAP Group plc (the 'Company' or 'TP ICAP')
Notification of transactions by persons discharging managerial
responsibilities ('PDMRs')
On 31 March 2023 the Company received the following notifications relating to
the:
· vesting of awards granted on 30 March 2020 over ordinary shares of
25p each of the Company (the "Company Shares") under the rules of the TP ICAP
plc Deferred Bonus Plan 2019 (the "2019 DBS Plan");
· grant of awards over the Company Shares under the rules of the TP
ICAP Group plc Deferred Bonus Share and Cash Plan 2023 (the "2023 DBS Plan");
and
· grant of awards over the Company Shares under the rules of the TP
ICAP Group plc Restricted Share Plan (the "RSP").
Vesting of awards
Following the vestings, a total of 500,706 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. The table 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 Group General Counsel Chief Financial Officer
Officer
2019 DBS Plan
Company Shares Released 247,397 128,719 124,590
Company Shares sold to discharge tax and NI liabilities and dealing charges 116,569 60,651 58,705
Sale price per Company Share (£) 1.797807 1.797807 1.797807
Company Shares Retained 130,828 68,068 65,885
Grant of awards
In relation to the 2023 DBS Plan, the number of Company Shares that will vest
in tranches on the Normal Vesting Dates are subject to the Rules of the
applicable Plan. The Normal Vesting Dates are 31 March 2024, 31 March 2025,
and 31 March 2026.
The 2023 RSP award will vest on the third anniversary of the date of grant and
a further two-year holding period will apply. The PDMRs listed below will not
be permitted to sell any shares during this time. Any portion of the award
that does not meet the vesting conditions will lapse.
The number of awards granted was calculated using a share price of £1.7950,
based on the volume-weighted average price for the five trading days preceding
and including the date of grant, being 31 March 2023.
PDMR Title Number of shares Share price Nature of Transaction
Nicolas Breteau Chief Executive Officer 324,338 £1.7950 Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc
Deferred Bonus Share and Cash Plan 2023.
546,657 £1.7950 Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc
Restricted Share Plan.
Philip Price Group General Counsel 155,458 £1.7950 Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc
Deferred Bonus Share and Cash Plan 2023.
330,779 £1.7950 Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc
Restricted Share Plan.
Robin Stewart Chief Financial Officer 149,896 £1.7950 Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc
Deferred Bonus Share and Cash Plan 2023.
323,816 £1.7950 Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc
Restricted Share Plan.
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
Ordinary shares of 25p each
Identification code
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 plc
Deferred Bonus Plan 2019 award.
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 247,397
d) Aggregated information
- Aggregated volume 247,397
- Price £nil
e) Date of the transaction 30 March 2023
f) Place of the transaction Outside a trading venue
Transaction 2
a) Description of the financial instrument, type of instrument
Ordinary shares of 25p each
Identification code
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 plc Deferred Bonus Plan 2019 award.
c) Price(s) and volume(s)
Price(s) Volume(s)
1.797807 116,569
d) Aggregated information
- Aggregated volume 116,569
- Price 1.797807
e) Date of the transaction 30 March 2023
f) Place of the transaction London Stock Exchange
Transaction 3
a) Description of the financial instrument, type of instrument
Ordinary shares of 25p each
Identification code
JE00BMDZN391
b) Nature of the transaction Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc
Deferred Bonus Share and Cash Plan 2023.
c) Price(s) and volume(s)
Price(s) Volume(s)
£1.7950 324,338
d) Aggregated information
- Aggregated volume 324,338
- Price £1.7950
e) Date of the transaction 31 March 2023
f) Place of the transaction Outside of trading venue
Transaction 4
a) Description of the financial instrument, type of instrument
Ordinary shares of 25p each
Identification code
JE00BMDZN391
b) Nature of the transaction Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc
Restricted Share Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
£1.7950 546,657
d) Aggregated information
- Aggregated volume 546,657
- Price £1.7950
e) Date of the transaction 31 March 2023
f) Place of the transaction Outside of trading venue
d)
Aggregated information
- Aggregated volume
- Price
247,397
£nil
e)
Date of the transaction
30 March 2023
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 plc Deferred Bonus Plan 2019 award.
c)
Price(s) and volume(s)
Price(s) Volume(s)
1.797807 116,569
d)
Aggregated information
- Aggregated volume
- Price
116,569
1.797807
e)
Date of the transaction
30 March 2023
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
Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc
Deferred Bonus Share and Cash Plan 2023.
c)
Price(s) and volume(s)
Price(s) Volume(s)
£1.7950 324,338
d)
Aggregated information
- Aggregated volume
- Price
324,338
£1.7950
e)
Date of the transaction
31 March 2023
f)
Place of the transaction
Outside of 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
Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc
Restricted Share Plan.
c)
Price(s) and volume(s)
Price(s) Volume(s)
£1.7950 546,657
d)
Aggregated information
- Aggregated volume
- Price
546,657
£1.7950
e)
Date of the transaction
31 March 2023
f)
Place of the transaction
Outside of trading venue
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
Ordinary shares of 25p each
Identification code
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 plc
Deferred Bonus Plan 2019 award.
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 128,719
d) Aggregated information
- Aggregated volume 128,719
- Price £nil
e) Date of the transaction 30 March 2023
f) Place of the transaction Outside a trading venue
Transaction 2
a) Description of the financial instrument, type of instrument
Ordinary shares of 25p each
Identification code
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 plc Deferred Bonus Plan 2019 award.
c) Price(s) and volume(s)
Price(s) Volume(s)
1.797807 60,651
d) Aggregated information
- Aggregated volume 60,651
- Price 1.797807
e) Date of the transaction 30 March 2023
f) Place of the transaction London Stock Exchange
Transaction 3
a) Description of the financial instrument, type of instrument
Ordinary shares of 25p each
Identification code
JE00BMDZN391
b) Nature of the transaction Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc
Deferred Bonus Share and Cash Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
£1.7950 155,458
d) Aggregated information
- Aggregated volume 155,458
- Price £1.7950
e) Date of the transaction 31 March 2023
f) Place of the transaction Outside of trading venue
Transaction 4
a) Description of the financial instrument, type of instrument
Ordinary shares of 25p each
Identification code
JE00BMDZN391
b) Nature of the transaction Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc
Restricted Share Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
£1.7950 330,779
d) Aggregated information
- Aggregated volume 330,779
- Price £1.7950
e) Date of the transaction 31 March 2023
f) Place of the transaction Outside of trading venue
d)
Aggregated information
- Aggregated volume
- Price
128,719
£nil
e)
Date of the transaction
30 March 2023
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 plc Deferred Bonus Plan 2019 award.
c)
Price(s) and volume(s)
Price(s) Volume(s)
1.797807 60,651
d)
Aggregated information
- Aggregated volume
- Price
60,651
1.797807
e)
Date of the transaction
30 March 2023
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
Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc
Deferred Bonus Share and Cash Plan.
c)
Price(s) and volume(s)
Price(s) Volume(s)
£1.7950 155,458
d)
Aggregated information
- Aggregated volume
- Price
155,458
£1.7950
e)
Date of the transaction
31 March 2023
f)
Place of the transaction
Outside of 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
Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc
Restricted Share Plan.
c)
Price(s) and volume(s)
Price(s) Volume(s)
£1.7950 330,779
d)
Aggregated information
- Aggregated volume
- Price
330,779
£1.7950
e)
Date of the transaction
31 March 2023
f)
Place of the transaction
Outside of trading venue
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
Ordinary shares of 25p each
Identification code
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 plc
Deferred Bonus Plan 2019 award.
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 124,590
d) Aggregated information
- Aggregated volume 124,590
- Price £nil
e) Date of the transaction 30 March 2023
f) Place of the transaction Outside a trading venue
Transaction 2
a) Description of the financial instrument, type of instrument
Ordinary shares of 25p each
Identification code
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 plc Deferred Bonus Plan 2019 award.
c) Price(s) and volume(s)
Price(s) Volume(s)
1.797807 58,705
d) Aggregated information
- Aggregated volume 58,705
- Price 1.797807
e) Date of the transaction 30 March 2023
f) Place of the transaction London Stock Exchange
Transaction 3
a) Description of the financial instrument, type of instrument
Ordinary shares of 25p each
Identification code
JE00BMDZN391
b) Nature of the transaction Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc
Deferred Bonus Share and Cash Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
£1.7950 149,896
d) Aggregated information
- Aggregated volume 149,896
- Price £1.7950
e) Date of the transaction 31 March 2023
f) Place of the transaction Outside of trading venue
Transaction 4
a) Description of the financial instrument, type of instrument
Ordinary shares of 25p each
Identification code
JE00BMDZN391
b) Nature of the transaction Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc
Restricted Share Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
£1.7950 323,816
d) Aggregated information
- Aggregated volume 323,816
- Price £1.7950
e) Date of the transaction 31 March 2023
f) Place of the transaction Outside of trading venue
d)
Aggregated information
- Aggregated volume
- Price
124,590
£nil
e)
Date of the transaction
30 March 2023
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 plc Deferred Bonus Plan 2019 award.
c)
Price(s) and volume(s)
Price(s) Volume(s)
1.797807 58,705
d)
Aggregated information
- Aggregated volume
- Price
58,705
1.797807
e)
Date of the transaction
30 March 2023
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
Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc
Deferred Bonus Share and Cash Plan.
c)
Price(s) and volume(s)
Price(s) Volume(s)
£1.7950 149,896
d)
Aggregated information
- Aggregated volume
- Price
149,896
£1.7950
e)
Date of the transaction
31 March 2023
f)
Place of the transaction
Outside of 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
Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc
Restricted Share Plan.
c)
Price(s) and volume(s)
Price(s) Volume(s)
£1.7950 323,816
d)
Aggregated information
- Aggregated volume
- Price
323,816
£1.7950
e)
Date of the transaction
31 March 2023
f)
Place of the transaction
Outside of trading venue
Enquiries
Vicky Hart
Group Company Secretary
+44 (0) 20 7200 7117
companysecretarial@tpicap.com
(file:///C%3A/Users/CeYoung/AppData/Local/Microsoft/Windows/INetCache/Content.Outlook/TF9P82PT/companysecretarial@tpicap.com)
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