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Friday 26 February, 2021

TP ICAP Group plc

Scheme Effective and Admission

RNS Number : 4909Q
TP ICAP Group plc
26 February 2021


26 February 2021


TP ICAP plc (UK) (company number 05807599) /

TP ICAP Group plc (Jersey) (company number 130617)



Corporate Reorganisation - Scheme Effective Date, De-Listing of TP ICAP ordinary shares and Listing of New TP ICAP ordinary shares

TP ICAP plc (registered in England and Wales under company number 05807599) (TP ICAP) and TP ICAP Group plc (registered in Jersey under company number 130617) (NewTP ICAP) announce that the Court Order relating to the Scheme and the related TP ICAP Statement of Capital have now been delivered to the Registrar of Companies in England and Wales. Accordingly, the Scheme has become effective today and New TP ICAP is now the holding company of the Group.

Under the Scheme, TP ICAP Shareholders (who were on the register at the Scheme Record Time) received one New TP ICAP Ordinary Share for each TP ICAP Ordinary Share held at the Scheme Record Time. Therefore, as at the date of this announcement, the total issued ordinary share capital of New TP ICAP is 788,670,932 ordinary shares of 25 pence each.

New TP ICAP also confirms that the listing of the TP ICAP Ordinary Shares on the Official List was cancelled and the TP ICAP Ordinary Shares ceased to be admitted to trading on the London Stock Exchange's main market for listed securities with effect from 8.00 a.m. today.

The New TP ICAP Ordinary Shares have a nominal value of 25 pence each and have been admitted to the premium listing segment of the Official List and to trading on the London Stock Exchange's main market for listed securities at 8.00 a.m. today. The Group understands that New TP ICAP will remain eligible for inclusion in the FTSE UK Index series.

New TP ICAP Ordinary Shares held in uncertificated form were credited to the relevant CREST accounts on or prior to 8.00 a.m. today. Share certificates in respect of New TP ICAP Ordinary Shares held in certificated form are expected to be despatched to shareholders by no later than 12 March 2021.

The new ISIN number for the New TP ICAP Ordinary Shares is JE00BMDZN391.

TP ICAP will re-register as a private limited company and change its name to "TP ICAP Limited" in due course.

Capitalised terms used but not defined herein have the meanings given to them in the Prospectus published by New TP ICAP on 7 January 2021.




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