Director/PDMR Shareholding

TP ICAP Group plc

04 April 2024

 

TP ICAP Group plc

LEI: 2138006YAA7IRVKKGE63

4 April 2024

TP ICAP Group plc (the 'Company' or 'TP ICAP')

Notification of transactions by persons discharging managerial responsibilities ('PDMRs')

On 2 April 2024 the Company received the following notifications relating to the:

·     grant of awards over ordinary shares of 25p each of the Company (the "Company Shares") under the rules of the TP ICAP Group plc Deferred Bonus Share and Cash Plan 2024 (the "2024 DBS Plan"); and

·     grant of awards over the Company Shares under the rules of the TP ICAP Group plc Restricted Share Plan (the "RSP").

Grant of awards

In relation to the 2024 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 including a further six-month retention period. The Normal Vesting Dates are 31 March 2025, 31 March 2026, and 31 March 2027.

The 2024 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 £2.2592, based on the volume-weighted average price for the five trading days preceding and including the date of grant, being 28 March 2024.

PDMR	Title	Number of shares	Share price	Nature of Transaction
Nicolas Breteau	Chief Executive Officer	414,790	£2.2592	Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc Deferred Bonus Share and Cash Plan 2024.
		442,634	£2.2592	Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc Restricted Share Plan.
Philip Price	Group General Counsel	196,585	£2.2592	Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc Deferred Bonus Share and Cash Plan 2024.
		265,580	£2.2592	Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc Restricted Share Plan.
Robin Stewart	Chief Financial Officer	195,533	£2.2592	Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc Deferred Bonus Share and Cash Plan 2024.
		262,814	£2.2592	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.

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	Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc Deferred Bonus Share and Cash Plan 2024.
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.2592 414,790
d)	Aggregated information - Aggregated volume - Price	414,790 £2.2592
e)	Date of the transaction	28 March 2024
f)	Place of the transaction	Outside of 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	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) £2.2592 442,634
d)	Aggregated information - Aggregated volume - Price	442,634 £2.2592
e)	Date of the transaction	28 March 2024
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 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	Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc Deferred Bonus Share and Cash Plan 2024.
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.2592 196,585
d)	Aggregated information - Aggregated volume - Price	196,585 £2.2592
e)	Date of the transaction	28 March 2024
f)	Place of the transaction	Outside of 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	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) £2.2592 265,580
d)	Aggregated information - Aggregated volume - Price	265,580 £2.2592
e)	Date of the transaction	28 March 2024
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 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	Award over ordinary shares of TP ICAP Group plc under the TP ICAP Group plc Deferred Bonus Share and Cash Plan 2024.
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.2592 195,533
d)	Aggregated information - Aggregated volume - Price	195,533 £2.2592
e)	Date of the transaction	28 March 2024
f)	Place of the transaction	Outside of 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	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) £2.2592 262,814
d)	Aggregated information - Aggregated volume - Price	262,814 £2.2592
e)	Date of the transaction	28 March 2024
f)	Place of the transaction	Outside of trading venue

Enquiries

Vicky Hart

Group Company Secretary

[phone]

[e-mail]

 

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