REG - TP ICAP Group plc - Director/PDMR Shareholding
13/11/2024 15:00
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RNS Number : 1333M TP ICAP Group plc 13 November 2024
TP ICAP Group plc
LEI: 2138006YAA7IRVKKGE63
13 November 2024
TP ICAP Group plc (the 'Company' or 'TP ICAP')
Notification of transactions by persons discharging managerial
responsibilities ('PDMRs')
On 12 November 2024, the Company received the following notification relating
to the vesting of awards granted on 12 November 2021 over ordinary shares of
25p each of the Company (the "Company Shares") under the rules of the TP ICAP
Group plc Long Term Incentive Plan (the "2021 LTIP").
Vesting of awards
Following the vesting on 12 November 2024, a total of 453,109 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 market sale of the shares to
discharge the income tax, NI liability and dealing charges incurred as a
result of the 2021 LTIP awards vesting were completed on 12 November 2024. The
awards vesting under the 2021 LTIP to the named PDMRs are subject to a further
2-year holding period post-vesting.
The table below sets out the number of Company Shares released to each PDMR,
the number of Company Shares subsequently sold to discharge the income tax, NI
liability and dealing charges incurred as a result of their awards vesting,
and the number of Company Shares retained by each PDMR.
PDMR Nicolas Breteau Philip Price Robin Stewart
Title Chief Executive Group General Counsel Chief Financial Officer
Officer
2021 LTIP
Company Shares Released 205,831 124,619 122,659
Company Shares sold to discharge tax and NI liabilities and dealing charges 96,984 58,719 57,795
Sale price per Company Share (£) 2.54 2.54 2.54
Company Shares Retained 108,847 65,900 64,864
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 Group
plc Long Term Incentive Plan 2021 award.
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 205,831
d) Aggregated information
- Aggregated volume 205,831
- Price £nil
e) Date of the transaction 12 November 2024
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 Group plc Long Term Incentive Plan 2021 award.
c) Price(s) and volume(s)
Price(s) Volume(s)
£2.54 96,984
d) Aggregated information
- Aggregated volume 96,984
- Price £2.54
e) Date of the transaction 12 November 2024
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
205,831
£nil
e)
Date of the transaction
12 November 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 Long Term Incentive Plan 2021 award.
c)
Price(s) and volume(s)
Price(s) Volume(s)
£2.54 96,984
d)
Aggregated information
- Aggregated volume
- Price
96,984
£2.54
e)
Date of the transaction
12 November 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
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 Group
plc Long Term Incentive Plan 2021 award.
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 124,619
d) Aggregated information
- Aggregated volume 124,619
- Price £nil
e) Date of the transaction 12 November 2024
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 TP ICAP Group plc Long Term Incentive Plan 2021 award.
c) Price(s) and volume(s)
Price(s) Volume(s)
£2.54 58,719
d) Aggregated information
- Aggregated volume 58,719
- Price £2.54
e) Date of the transaction 12 November 2024
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
124,619
£nil
e)
Date of the transaction
12 November 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 TP ICAP Group plc Long Term Incentive Plan 2021 award.
c)
Price(s) and volume(s)
Price(s) Volume(s)
£2.54 58,719
d)
Aggregated information
- Aggregated volume
- Price
58,719
£2.54
e)
Date of the transaction
12 November 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
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 Group
plc Long Term Incentive Plan 2021 award.
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 122,659
d) Aggregated information
- Aggregated volume 122,659
- Price £nil
e) Date of the transaction 12 November 2024
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 Group plc Long Term Incentive Plan 2021 award.
c) Price(s) and volume(s)
Price(s) Volume(s)
£2.54 57,795
d) Aggregated information
- Aggregated volume 57,795
- Price £2.54
e) Date of the transaction 12 November 2024
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
122,659
£nil
e)
Date of the transaction
12 November 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 Long Term Incentive Plan 2021 award.
c)
Price(s) and volume(s)
Price(s) Volume(s)
£2.54 57,795
d)
Aggregated information
- Aggregated volume
- Price
57,795
£2.54
e)
Date of the transaction
12 November 2024
f)
Place of the transaction
London Stock Exchange
Enquiries
Vicky Hart
Group Company Secretary
+44 (0) 20 7200 7117
companysecretarial@tpicap.com
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