RNS Number : 3901J
TP ICAP Group plc
04 April 2024
 

TP ICAP Group plc

LEI: 2138006YAA7IRVKKGE63

4 April 2024

TP ICAP Group plc (the 'Company' or 'TP ICAP')

 

Notification of transactions by persons discharging managerial responsibilities ('PDMRs')

On 4 April 2024 the Company received the following notifications relating to the:

·     vesting of awards granted on 30 March 2021 over ordinary shares of 25p each of the Company (the "Company Shares") under the rules of the TP ICAP Group plc Deferred Bonus Plan 2020 (the "2021 DBS Plan");

·     vesting of tranche 2 of the awards granted on 31 March 2022 over the Company Shares under the rules of the TP ICAP Group plc Deferred Bonus Plan 2022 (the "2022 DBS Plan"); and

·     vesting of tranche 1 of the awards granted on 31 March 2023 over the Company Shares under the rules of the TP ICAP Group plc Deferred Bonus Plan 2023 (the "2023 DBS Plan").

Vesting of awards

Following the vestings on 31 March 2024 a total of 944,148 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. These market sales of the shares to discharge the income tax, NI liability and dealing charges incurred as a result of the awards vesting were completed on 3 April 2024. For the awards vesting under the 2023 DBS Plan, a further six-month post vesting retention period applies to.

The table below sets out the number of Company Shares released to each PDMR, the number subsequently sold to discharge the income tax, NI liability and dealing charges incurred as a result of their awards vesting, and the number retained by each PDMR.

PDMR

Nicolas Breteau

Philip Price

Robin Stewart

Title

Chief Executive

Officer

Group General Counsel

Chief Financial Officer

2021 DBS Plan

Company Shares Released

259,757

135,693

128,799

Company Shares sold to discharge tax and NI liabilities and dealing charges

122,392

63,936

60,687

Sale price per Company Share (£)

2.232627

2.232627

2.232627

Company Shares Retained

137,365

71,757

68,112

2022 DBS Plan

Company Shares Released

111,102

51,819

47,081

Company Shares sold to discharge tax and NI liabilities and dealing charges

52,349

24,416

22,184

Sale price per Company Share (£)

2.232627

2.232627

2.232627

Company Shares Retained

58,753

27,403

24,897

2023 DBS Plan

Company Shares Released

108,113

51,819

49,965

Company Shares sold to discharge tax and NI liabilities and dealing charges

50,941

24,416

23,543

Sale price per Company Share (£)

2.232627

2.232627

2.232627

Company Shares Retained

57,172

27,403

26,422

 

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 Deferred Bonus Share Plan 2021 award.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

£nil

259,757

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

259,757

 

 

£nil

 

e)

 

Date of the transaction

 

 

31 March 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 Deferred Bonus Share Plan 2021 award.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

£2.232627

122,392

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

122,392

 

 

£2.232627

e)

 

Date of the transaction

 

 

3 April 2024

f)

 

Place of the transaction

London Stock Exchange

Transaction 3

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 tranche 2 of the TP ICAP Group plc Deferred Bonus Share Plan 2022 award.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

£nil

111,102

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

111,102

 

 

£nil

 

e)

 

Date of the transaction

 

 

31 March 2024

f)

 

Place of the transaction

Outside a trading venue

Transaction 4

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 tranche 2 of the TP ICAP Group plc Deferred Bonus Share Plan 2022 award.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

£2.232627

52,349

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

52,349

 

 

£2.232627

e)

 

Date of the transaction

 

 

3 April 2024

f)

 

Place of the transaction

London Stock Exchange

Transaction 5

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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 award.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

£nil

108,113

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

108,113

 

 

£nil

 

e)

 

Date of the transaction

 

 

31 March 2024

f)

 

Place of the transaction

Outside a trading venue

Transaction 6

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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 award.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

£2.232627

50,941

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

50,941

 

 

£2.232627

e)

 

Date of the transaction

 

 

3 April 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 Deferred Bonus Share Plan 2021 award.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

£nil

135,693

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

135,693

 

 

£nil

 

e)

 

Date of the transaction

 

 

31 March 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 Deferred Bonus Share Plan 2021 award.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

£2.232627

63,936

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

63,936

 

 

£2.232627

e)

 

Date of the transaction

 

 

3 April 2024

f)

 

Place of the transaction

London Stock Exchange

Transaction 3

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 tranche 2 of the TP ICAP Group plc Deferred Bonus Share Plan 2022 award.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

£nil

51,819

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

51,819

 

 

£nil

 

e)

 

Date of the transaction

 

 

31 March 2024

f)

 

Place of the transaction

Outside a trading venue

Transaction 4

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 tranche 2 of the TP ICAP Group plc Deferred Bonus Share Plan 2022 award.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

£2.232627

24,416

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

24,416

 

 

£2.232627

e)

 

Date of the transaction

 

 

3 April 2024

f)

 

Place of the transaction

London Stock Exchange

Transaction 5

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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 award.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

£nil

51,819

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

51,819

 

 

£nil

 

e)

 

Date of the transaction

 

 

31 March 2024

f)

 

Place of the transaction

Outside a trading venue

Transaction 6

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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 award.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

£2.232627

24,416

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

24,416

 

 

£2.232627

e)

 

Date of the transaction

 

 

3 April 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 Deferred Bonus Share Plan 2021 award.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

£nil

128,799

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

128,799

 

 

£nil

 

e)

 

Date of the transaction

 

 

31 March 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 Deferred Bonus Share Plan 2021 award.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

£2.232627

60,687

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

60,687

 

 

£2.232627

e)

 

Date of the transaction

 

 

3 April 2024

f)

 

Place of the transaction

London Stock Exchange

Transaction 3

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 tranche 2 of the TP ICAP Group plc Deferred Bonus Share Plan 2022 award.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

£nil

47,081

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

47,081

 

 

£nil

 

e)

 

Date of the transaction

 

 

31 March 2024

f)

 

Place of the transaction

Outside a trading venue

Transaction 4

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 tranche 2 of the TP ICAP Group plc Deferred Bonus Share Plan 2022 award.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

£2.232627

22,184

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

22,184

 

 

£2.232627

e)

 

Date of the transaction

 

 

3 April 2024

f)

 

Place of the transaction

London Stock Exchange

Transaction 5

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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 award.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

£nil

49,965

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

49,965

 

 

£nil

 

e)

 

Date of the transaction

 

 

31 March 2024

f)

 

Place of the transaction

Outside a trading venue

Transaction 6

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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 award.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

£2.232627

23,543

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

23,543

 

 

£2.232627

e)

 

Date of the transaction

 

 

3 April 2024

f)

 

Place of the transaction

London Stock Exchange

 

 

Enquiries

Vicky Hart

Group Company Secretary

+44 (0) 20 7200 7117

companysecretarial@tpicap.com

 

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