TP ICAP PLC - London-headquartered interdealer broker - Updates on corporate reorganisation pertaining to new ultimate holding company. The interdealer broker says its new corporate structure is being implemented by means of a scheme of arrangement under Part 26 of the Companies Act 2006. Pursuant to the scheme, TP ICAP's existing share capital will be cancelled and TP ICAP shareholders will receive one new TP ICAP share for each TP ICAP share held. Says court has made an order sanctioning the scheme and confirming the reduction of capital.
Current stock price: 235.20 pence
Year-to-date change: 1.3% lower
By Arvind Bhunjun; email@example.com
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