Director/PDMR Shareholding

RNS Number : 9408Q

TP ICAP PLC

24 June 2020

 

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

TP ICAP plc (the "Company") hereby announces that on 22 June 2020 the following notifications were received relating to the vesting of awards granted on 22 June 2017 over ordinary shares of 25p each of the Company (the "Company Shares") under the rules of the TP ICAP plc 2016 Deferred Bonus Plan (the "Plan").

Following the vesting, a total of 71,217 Company Shares were released by the TP ICAP plc Employee Benefit Trust to the PDMRs named in the table below, who then elected to sell a number of shares to settle the tax liabilities arising upon the vesting of the awards. The table sets out the number of Company Shares released to each PDMR, the number subsequently sold, and the number retained. 

PDMR	Title	Company Shares Released	Company Shares sold to discharge tax liabilities	Sale price per Company Share (£)	Company Shares Retained
Nicolas Breteau	Chief Executive Officer	37,703	17,721	3.5341	19,982
Philip Price	Group General Counsel	24,088	11,322	3.5341	12,766
Robin Stewart	Chief Financial Officer	9,426	4,431	3.5341	4,995

For further enquiries, please contact Richard Cordeschi, Group Company Secretary, on [phone].

The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give 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	Executive Director and Chief Executive Officer
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 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
Transaction 1
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB00B1H0DZ51
b)	Nature of the transaction	Transfer of ordinary shares of 25p each in TP ICAP plc from the TP ICAP plc Employee Benefit Trust to the PDMR following the vesting of the TP ICAP plc 2016 Deferred Bonus Plan award
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 37,703
d)	Aggregated information - Aggregated volume - Price	37,703 £nil
e)	Date of the transaction	22/06/2020
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 GB00B1H0DZ51
b)	Nature of the transaction	Sale of ordinary shares of 25p each in TP ICAP plc to meet tax liabilities arising from the vesting of the TP ICAP plc 2016 Deferred Bonus Plan award
c)	Price(s) and volume(s)	Price(s) Volume(s) £3.5341 17,721
d)	Aggregated information - Aggregated volume - Price	17,721 £3.5341
e)	Date of the transaction	22/06/2020
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	Executive Director and Group General Counsel
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 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
Transaction 1
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB00B1H0DZ51
b)	Nature of the transaction	Transfer of ordinary shares of 25p each in TP ICAP plc from the TP ICAP plc Employee Benefit Trust to the PDMR following the vesting of the TP ICAP plc 2016 Deferred Bonus Plan award
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 24,088
d)	Aggregated information - Aggregated volume - Price	24,088 £nil
e)	Date of the transaction	22/06/2020
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 GB00B1H0DZ51
b)	Nature of the transaction	Sale of ordinary shares of 25p each in TP ICAP plc to meet tax liabilities arising from the vesting of the TP ICAP plc 2016 Deferred Bonus Plan award
c)	Price(s) and volume(s)	Price(s) Volume(s) £3.5341 11,322
d)	Aggregated information - Aggregated volume - Price	11,322 £3.5341
e)	Date of the transaction	22/06/2020
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	Executive Director and Chief Financial Officer
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 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
Transaction 1
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB00B1H0DZ51
b)	Nature of the transaction	Transfer of ordinary shares of 25p each in TP ICAP plc from the TP ICAP plc Employee Benefit Trust to the PDMR following the vesting of the TP ICAP plc 2016 Deferred Bonus Plan award
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 9,426
d)	Aggregated information - Aggregated volume - Price	9,426 £nil
e)	Date of the transaction	22/06/2020
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 GB00B1H0DZ51
b)	Nature of the transaction	Sale of ordinary shares of 25p each in TP ICAP plc to meet tax liabilities arising from the vesting of the TP ICAP plc 2016 Deferred Bonus Plan award
c)	Price(s) and volume(s)	Price(s) Volume(s) £3.5341 4,431
d)	Aggregated information - Aggregated volume - Price	4,431 £3.5341
e)	Date of the transaction	22/06/2020
f)	Place of the transaction	London Stock Exchange

 

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