TIDMTCAP
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 Philip Price Robin Stewart
Breteau
Title Chief Executive Group General Chief Financial
Officer Counsel 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 (GBP) 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 GBP1.7950, 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 Share Nature of Transaction
shares price
Nicolas Breteau Chief Executive 324,338 GBP 1.7950 Award over ordinary
Officer shares of TP ICAP
Group plc under the
TP ICAP Group plc
Deferred Bonus Share
and Cash Plan 2023.
---------------- ---------- ----------- ----------------------
546,657 GBP 1.7950 Award over ordinary
shares of TP ICAP
Group plc under the
TP ICAP Group plc
Restricted Share
Plan.
---------------- ---------- ----------- ----------------------
Philip Price Group General 155,458 GBP 1.7950 Award over ordinary
Counsel shares of TP ICAP
Group plc under the
TP ICAP Group plc
Deferred Bonus Share
and Cash Plan 2023.
---------------- ---------- ----------- ----------------------
330,779 GBP 1.7950 Award over ordinary
shares of TP ICAP
Group plc under the
TP ICAP Group plc
Restricted Share
Plan.
---------------- ---------- ----------- ----------------------
Robin Stewart Chief Financial 149,896 GBP 1.7950 Award over ordinary
Officer shares of TP ICAP
Group plc under the
TP ICAP Group plc
Deferred Bonus Share
and Cash Plan 2023.
---------------- ---------- ----------- ----------------------
323,816 GBP 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.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Nicolas Breteau
--------------------------- -----------------------------------------
Reason for the notification
2
----------------------------------------------------------------------
a) Position/status Director and PDMR
--------------------------- -----------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- -----------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name TP ICAP Group plc
--------------------------- -----------------------------------------
b) LEI 2138006YAA7IRVKKGE63
--------------------------- -----------------------------------------
Details of the transaction(s): section to be repeated
4 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, Ordinary shares of 25p each
type of instrument
JE00BMDZN391
Identification code
--------------------------- -----------------------------------------
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)
GBPnil 247,397
----------
--------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume 247,397
- Price GBPnil
--------------------------- -----------------------------------------
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, Ordinary shares of 25p each
type of instrument
JE00BMDZN391
Identification code
--------------------------- -----------------------------------------
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
----------
--------------------------- -----------------------------------------
Aggregated information
- Aggregated volume 116,569
d) - 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, Ordinary shares of 25p each
type of instrument
JE00BMDZN391
Identification code
--------------------------- -----------------------------------------
b) Nature of the transaction Award over ordinary shares of TP
ICAP Group plc under the TP ICAP
Group plc Deferred Bonus Share a
nd Cash Plan 2023.
--------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP 1.7950 324,338
----------
--------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume 324,338
- Price GBP 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, Ordinary shares of 25p each
type of instrument
JE00BMDZN391
Identification code
--------------------------- -----------------------------------------
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)
GBP 1.7950 546,657
----------
--------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume 546,657
- Price GBP 1.7950
--------------------------- -----------------------------------------
e) Date of the transaction 31 March 2023
--------------------------- -----------------------------------------
f) Place of the transaction Outside of trading venue
--------------------------- -----------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Philip Price
--------------------------- -----------------------------------------
Reason for the notification
2
----------------------------------------------------------------------
a) Position/status Director and PDMR
--------------------------- -----------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- -----------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name TP ICAP Group plc
--------------------------- -----------------------------------------
b) LEI 2138006YAA7IRVKKGE63
--------------------------- -----------------------------------------
Details of the transaction(s): section to be repeated
4 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, Ordinary shares of 25p each
type of instrument
JE00BMDZN391
Identification code
--------------------------- -----------------------------------------
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)
GBPnil 128,719
----------
--------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume 128,719
- Price GBPnil
--------------------------- -----------------------------------------
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, Ordinary shares of 25p each
type of instrument
JE00BMDZN391
Identification code
--------------------------- -----------------------------------------
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
----------
--------------------------- -----------------------------------------
Aggregated information
- Aggregated volume 60,651
d) - 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, Ordinary shares of 25p each
type of instrument
JE00BMDZN391
Identification code
--------------------------- -----------------------------------------
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)
GBP 1.7950 155,458
----------
--------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume 155,458
- Price GBP 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, Ordinary shares of 25p each
type of instrument
JE00BMDZN391
Identification code
--------------------------- -----------------------------------------
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)
GBP 1.7950 330,779
----------
--------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume 330,779
- Price GBP 1.7950
--------------------------- -----------------------------------------
e) Date of the transaction 31 March 2023
--------------------------- -----------------------------------------
f) Place of the transaction Outside of trading venue
--------------------------- -----------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Robin Stewart
--------------------------- -----------------------------------------
Reason for the notification
2
----------------------------------------------------------------------
a) Position/status Director and PDMR
--------------------------- -----------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- -----------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name TP ICAP Group plc
--------------------------- -----------------------------------------
b) LEI 2138006YAA7IRVKKGE63
--------------------------- -----------------------------------------
Details of the transaction(s): section to be repeated
4 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, Ordinary shares of 25p each
type of instrument
JE00BMDZN391
Identification code
--------------------------- -----------------------------------------
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)
GBPnil 124,590
----------
--------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume 124,590
- Price GBPnil
--------------------------- -----------------------------------------
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, Ordinary shares of 25p each
type of instrument
JE00BMDZN391
Identification code
--------------------------- -----------------------------------------
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
----------
--------------------------- -----------------------------------------
Aggregated information
- Aggregated volume 58,705
d) - 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, Ordinary shares of 25p each
type of instrument
JE00BMDZN391
Identification code
--------------------------- -----------------------------------------
b) Nature of the transaction Award over ordinary shares of TP
ICAP Group plc under the TP ICAP
Group plc Deferred Bonus Share a
nd Cash Plan.
--------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP 1.7950 149,896
----------
--------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume 149,896
- Price GBP 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, Ordinary shares of 25p each
type of instrument
JE00BMDZN391
Identification code
--------------------------- -----------------------------------------
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)
GBP 1.7950 323,816
----------
--------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume 323,816
- Price GBP 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
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