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 4 April 2024 the Company received the following notifications relating to the:

·     vesting of awards granted on 30 March 2021 over ordinary shares of 25p each of the Company (the "Company Shares") under the rules of the TP ICAP Group plc Deferred Bonus Plan 2020 (the "2021 DBS Plan");

·     vesting of tranche 2 of the awards granted on 31 March 2022 over the Company Shares under the rules of the TP ICAP Group plc Deferred Bonus Plan 2022 (the "2022 DBS Plan"); and

·     vesting of tranche 1 of the awards granted on 31 March 2023 over the Company Shares under the rules of the TP ICAP Group plc Deferred Bonus Plan 2023 (the "2023 DBS Plan").

Vesting of awards

Following the vestings on 31 March 2024 a total of 944,148 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. These market sales of the shares to discharge the income tax, NI liability and dealing charges incurred as a result of the awards vesting were completed on 3 April 2024. For the awards vesting under the 2023 DBS Plan, a further six-month post vesting retention period applies to.

The table below 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
2021 DBS Plan
Company Shares Released	259,757	135,693	128,799
Company Shares sold to discharge tax and NI liabilities and dealing charges	122,392	63,936	60,687
Sale price per Company Share (£)	2.232627	2.232627	2.232627
Company Shares Retained	137,365	71,757	68,112
2022 DBS Plan
Company Shares Released	111,102	51,819	47,081
Company Shares sold to discharge tax and NI liabilities and dealing charges	52,349	24,416	22,184
Sale price per Company Share (£)	2.232627	2.232627	2.232627
Company Shares Retained	58,753	27,403	24,897
2023 DBS Plan
Company Shares Released	108,113	51,819	49,965
Company Shares sold to discharge tax and NI liabilities and dealing charges	50,941	24,416	23,543
Sale price per Company Share (£)	2.232627	2.232627	2.232627
Company Shares Retained	57,172	27,403	26,422

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 Deferred Bonus Share Plan 2021 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 259,757
d)	Aggregated information - Aggregated volume - Price	259,757 £nil
e)	Date of the transaction	31 March 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 Deferred Bonus Share Plan 2021 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.232627 122,392
d)	Aggregated information - Aggregated volume - Price	122,392 £2.232627
e)	Date of the transaction	3 April 2024
f)	Place of the transaction	London Stock Exchange
Transaction 3
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 tranche 2 of the TP ICAP Group plc Deferred Bonus Share Plan 2022 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 111,102
d)	Aggregated information - Aggregated volume - Price	111,102 £nil
e)	Date of the transaction	31 March 2024
f)	Place of the transaction	Outside a trading venue
Transaction 4
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 tranche 2 of the TP ICAP Group plc Deferred Bonus Share Plan 2022 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.232627 52,349
d)	Aggregated information - Aggregated volume - Price	52,349 £2.232627
e)	Date of the transaction	3 April 2024
f)	Place of the transaction	London Stock Exchange
Transaction 5
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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 108,113
d)	Aggregated information - Aggregated volume - Price	108,113 £nil
e)	Date of the transaction	31 March 2024
f)	Place of the transaction	Outside a trading venue
Transaction 6
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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.232627 50,941
d)	Aggregated information - Aggregated volume - Price	50,941 £2.232627
e)	Date of the transaction	3 April 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 Deferred Bonus Share Plan 2021 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 135,693
d)	Aggregated information - Aggregated volume - Price	135,693 £nil
e)	Date of the transaction	31 March 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 Deferred Bonus Share Plan 2021 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.232627 63,936
d)	Aggregated information - Aggregated volume - Price	63,936 £2.232627
e)	Date of the transaction	3 April 2024
f)	Place of the transaction	London Stock Exchange
Transaction 3
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 tranche 2 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 2024
f)	Place of the transaction	Outside a trading venue
Transaction 4
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 tranche 2 of the TP ICAP Group plc Deferred Bonus Share Plan 2022 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.232627 24,416
d)	Aggregated information - Aggregated volume - Price	24,416 £2.232627
e)	Date of the transaction	3 April 2024
f)	Place of the transaction	London Stock Exchange
Transaction 5
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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 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 2024
f)	Place of the transaction	Outside a trading venue
Transaction 6
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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.232627 24,416
d)	Aggregated information - Aggregated volume - Price	24,416 £2.232627
e)	Date of the transaction	3 April 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 Deferred Bonus Share Plan 2021 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 128,799
d)	Aggregated information - Aggregated volume - Price	128,799 £nil
e)	Date of the transaction	31 March 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 Deferred Bonus Share Plan 2021 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.232627 60,687
d)	Aggregated information - Aggregated volume - Price	60,687 £2.232627
e)	Date of the transaction	3 April 2024
f)	Place of the transaction	London Stock Exchange
Transaction 3
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 tranche 2 of the TP ICAP Group plc Deferred Bonus Share Plan 2022 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 47,081
d)	Aggregated information - Aggregated volume - Price	47,081 £nil
e)	Date of the transaction	31 March 2024
f)	Place of the transaction	Outside a trading venue
Transaction 4
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 tranche 2 of the TP ICAP Group plc Deferred Bonus Share Plan 2022 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.232627 22,184
d)	Aggregated information - Aggregated volume - Price	22,184 £2.232627
e)	Date of the transaction	3 April 2024
f)	Place of the transaction	London Stock Exchange
Transaction 5
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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 49,965
d)	Aggregated information - Aggregated volume - Price	49,965 £nil
e)	Date of the transaction	31 March 2024
f)	Place of the transaction	Outside a trading venue
Transaction 6
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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.232627 23,543
d)	Aggregated information - Aggregated volume - Price	23,543 £2.232627
e)	Date of the transaction	3 April 2024
f)	Place of the transaction	London Stock Exchange

Enquiries

Vicky Hart

Group Company Secretary

[phone]

[e-mail]

 

END