TCAP.L

TP ICAP Plc
TP ICAP Group plc - Director/PDMR Shareholding
13th November 2024, 15:00
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHFFEFLDELSEEF]]>
TwitterFacebookLinkedIn