Director/PDMR Shareholding

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

[phone]

[e-mail]

 

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