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23 May 2008 17:00
ICAP plc (the "Company")
Person discharging managerial responsibility shareholding
On 20 May 2008, the Company was notified that Halifax EES Trustees International Limited, as Trustee of the ICAP Employee Share Trust, transferred at nil cost 368,398 ordinary shares of 10p each (ordinary shares) in the Company to Stephen McDermott, a person discharging managerial responsibility of the Company, in satisfaction of a promise to receive shares made to him on 10 June 2005.
In addition, Stephen McDermott exercised 107,830 ordinary shares under The ICAP plc Senior Executive Equity Participation Plan at a price of 22.7p per share and 270,560 ordinary shares under The ICAP plc Unapproved Share Option Plan (UESOP) at a price of 46.2p per share and 875,000 ordinary shares under the UESOP at a price of 42.4p.
In order to meet the US tax liability which is incurred immediately by the transfer and exercise of those shares, Mr McDermott sold on the London Stock Exchange on 22 May 2008 a total of 1,621,788 shares at an average price of £6.12397198 per share.
Following these transactions, Stephen McDermott had an interest in 92,640 ordinary shares in the Company.
ICAP plc
23 May 2008
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