TP ICAP Group plc Director/PDMR Shareholding
November 13 2024 - 9:00AM
RNS Regulatory News
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
Officer
|
Group
General Counsel
|
Chief
Financial 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
Identification code
|
Ordinary shares of 25p
each
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
- 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
Identification code
|
Ordinary shares of 25p
each
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
- 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
Identification code
|
Ordinary shares of 25p
each
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
- 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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