REG - TP ICAP Group PLC - Shareholder meeting update and PDMR transactions

TP IcapAnnouncement

12/11/2021 14:05

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RNS Number : 2742S  TP ICAP Group PLC  12 November 2021

TP ICAP Group plc

Shareholder meeting update and notification and public disclosure of
transactions by persons discharging managerial responsibilities ("PDMRs")

 

Following the Annual General Meeting of TP ICAP Group plc (the "Company")
in May 2021, the Remuneration Committee has been consulting with shareholders
in relation to the Company's current remuneration policy and the Company's
strategy (as outlined at the Capital Markets Day in December 2020).

 

As a result of the consultations, the Company confirms that it will now
present a new remuneration policy for approval by shareholders at the Annual
General Meeting in May 2022.

 

In line with the current remuneration policy set out in TP ICAP's Annual
Report published on 9 April 2019, the Company announces that on 12 November
2021 the Company granted the following awards to the Executive Directors,
PDMRs, over ordinary shares of the Company (the "Company Shares") under the
rules of the TP ICAP Group plc Long-Term Incentive Plan (the "LTIP").

 

The number of Company Shares that will vest on the Normal Vesting Date is
subject to the Rules of the LTIP. The Normal Vesting Date is the nearest
working day to the third anniversary of the date of grant, i.e. 12 November
2024. Any portion of an award made pursuant to the LTIP that does not meet the
vesting conditions will lapse.

 

The calculation of the number of the Company Shares to be granted was
performed using a share price of £2.4282, which was the share price used for
the deferred bonus grant on 31 March 2021, when awards would ordinarily have
been made.

 

For further enquiries, please contact Richard Cordeschi, Group Company
Secretary.

 

The following notifications, made in accordance with the requirements of the
Market Abuse Regulation ("MAR"), give 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

 b)   Initial notification /Amendment                              Initial

 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

 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

                                                            Long-Term Incentive Plan (the "LTIP").

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   £2.4282   756,733

 

 d)   Aggregated information

      - Aggregated volume                                          756,733

      - Price                                                      £2.4282

 e)   Date of the transaction                                      12.11.2021

 f)   Place of the transaction                                     Outside of trading venue

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

756,733

 

 

£2.4282

e)

 

Date of the transaction

 

 

12.11.2021

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

 b)   Initial notification /Amendment                              Initial

 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

 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

                                                            Long-Term Incentive Plan (the "LTIP").

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   £2.4282   450,951

 

 d)   Aggregated information

      - Aggregated volume                                          450,951

      - Price                                                      £2.4282

 e)   Date of the transaction                                      12.11.2021

 f)   Place of the transaction                                     Outside of trading venue

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

450,951

 

 

£2.4282

e)

 

Date of the transaction

 

 

12.11.2021

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

 b)   Initial notification /Amendment                              Initial

 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

 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

                                                            Long-Term Incentive Plan (the "LTIP").

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   £2.4282   458,158

 

 d)   Aggregated information

      - Aggregated volume                                          458,158

      - Price                                                      £2.4282

 e)   Date of the transaction                                      12.11.2021

 f)   Place of the transaction                                     Outside of trading venue

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

458,158

 

 

£2.4282

e)

 

Date of the transaction

 

 

12.11.2021

f)

 

Place of the transaction

 

 

Outside of trading venue

 

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