Director/PDMR Shareholding

RNS Number : 5232V

TP ICAP Group plc

05 April 2023

 

TP ICAP Group plc

LEI: 2138006YAA7IRVKKGE63

5 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 31 March 2022 over ordinary shares of 25p each of the Company (the "Company Shares") under the rules of the TP ICAP Group plc Deferred Bonus Share Plan 2022 (the "2022DBSPlan").

Following the vestings, a total of 210,000 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 Officer	Group General Counsel	Chief Financial Officer
2022 DBS Plan
Company Shares Released	111,101	51,819	47,080
Company Shares sold to discharge tax and NI liabilities and dealing charges	53,216	24,821	22,551
Sale price per Company Share (£)	1.775606	1.775606	1.775606
Company Shares Retained	57,885	26,998	24,529

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 Deferred Bonus Share Plan 2022 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 111,101
d)	Aggregated information - Aggregated volume - Price	111,101 £nil
e)	Date of the transaction	31 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 Group plc Deferred Bonus Share Plan 2022 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.775606 53,216
d)	Aggregated information - Aggregated volume - Price	53,216 £1.775606
e)	Date of the transaction	31 March 2023
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 Deferred Bonus Share Plan 2022 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 51,819
d)	Aggregated information - Aggregated volume - Price	51,819 £nil
e)	Date of the transaction	31 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 Group plc Deferred Bonus Share Plan 2022 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.775606 24,821
d)	Aggregated information - Aggregated volume - Price	24,821 £1.775606
e)	Date of the transaction	31 March 2023
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 Deferred Bonus Share Plan 2022 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 47,080
d)	Aggregated information - Aggregated volume - Price	47,080 £nil
e)	Date of the transaction	31 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 Group plc Deferred Bonus Share Plan 2022 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.775606 22,551
d)	Aggregated information - Aggregated volume - Price	22,551 £1.775606
e)	Date of the transaction	31 March 2023
f)	Place of the transaction	London Stock Exchange

Enquiries

Vicky Hart

Group Company Secretary

[phone]

[e-mail]

 

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