Director/PDMR Shareholding - Replacement

RNS Number : 3140I

TP ICAP PLC

31 March 2020

 

The following amendments have been made to the 'Director/PDMR' announcement released on 31 March 2020 at 17:49 under RNS No 3096I.

In the previous version of the announcement:

· 'PDMR' was incorrectly used in the Headline of the announcement and the first paragraph commencing 'TP ICAP plc…'; the correct acronym 'PDMRs' is now shown in both instances;

· The third paragraph commencing 'While the share price…' incorrectly referred to the 'Plans'; the correct reference to the 'LTIP Plan' is now shown; and

· The Transaction dates were incorrectly stated as '31 March 2020'; the correct Transaction dates are now shown as '30 March 2020.

All other details remain unchanged and the full amended text is shown below. 

Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMRs') and persons closely associated with them

TP ICAP plc (the "Company") hereby notifies the market of the following notifications from PDMRs, relating to the grant of awards over ordinary shares of the Company (the "Company Shares") under the rules of the TP ICAP plc Bonus Plan for Executive Directors (the "Bonus Plan") and the TP ICAP plc Long-Term Incentive Plan (the "LTIP") (together the "Plans").

The number of Company Shares that will vest on the Normal Vesting Date are subject to the Rules of the applicable Plan. The Normal Vesting Date is the nearest working day to the third anniversary of the date of grant, i.e. 30 March 2023. Any portion of the award that does not meet the vesting conditions will lapse. The notifications were made under article 19 of the EU Market Abuse Regulation ("MAR").

In line with our standard approach, the number of Company Shares awarded is based on the closing Share price on the London Stock Exchange on 27 March 2020 of £3.4648, discounted from the spot rate at grant, reflecting the absence of dividend equivalents during the deferral period.

While the share price has trended lower recently due to various global factors, we believe that these are mostly not specific to the Company. It is also noted that under the LTIP Plan, the Committee has full discretion to ensure that the final outcomes are warranted based on the performance of the Company in light of all relevant factors and that there have not been any windfall gains.

For further enquiries, please contact Richard Cordeschi, Group Company Secretary.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nicolas Breteau
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	TP ICAP  plc
b)	LEI	5493009UWRK48KKUD358
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
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB00B1H0DZ51
b)	Nature of the transaction	Award over ordinary shares of TP ICAP plc under the TP ICAP plc Bonus Plan for Executive Directors (the "Bonus Plan") and the TP ICAP plc Long-Term Incentive Plan (the "LTIP") (together the "Plans")
c)	Price(s) and volume(s)	Plan(s) Price(s) Volume(s) Bonus Plan £3.4648 220,496 LTIP £3.4648 483,433
d)	Aggregated information - Aggregated volume - Price	703,929 £3.4648
e)	Date of the transaction	30/03/2020
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
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	TP ICAP  plc
b)	LEI	5493009UWRK48KKUD358
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
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB00B1H0DZ51
b)	Nature of the transaction	Award over ordinary shares of TP ICAP plc under the TP ICAP plc Bonus Plan for Executive Directors (the "Bonus Plan") and the TP ICAP plc Long-Term Incentive Plan (the "LTIP") (together the "Plans")
c)	Price(s) and volume(s)	Plan(s) Price(s) Volume(s) Bonus Plan £3.4648 111,043 LTIP £3.4648 312,067
d)	Aggregated information - Aggregated volume - Price	423,110 £3.4648
e)	Date of the transaction	30/03/2020
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
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	TP ICAP  plc
b)	LEI	5493009UWRK48KKUD358
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
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB00B1H0DZ51
b)	Nature of the transaction	Award over ordinary shares of TP ICAP plc under the TP ICAP plc Bonus Plan for Executive Directors (the "Bonus Plan") and the TP ICAP plc Long-Term Incentive Plan (the "LTIP") (together the "Plans")
c)	Price(s) and volume(s)	Plan(s) Price(s) Volume(s) Bonus Plan £3.4648 114,723 LTIP £3.4648 315,674
d)	Aggregated information - Aggregated volume - Price	430,397  £3.4648
e)	Date of the transaction	30/03/2020
f)	Place of the transaction	Outside of trading venue

 

END

 

 

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