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22 May 2014 17:31
ICAP plc (the "Company")
Grant of options under the 2013 Bonus Share Matching Plan (BSMP)
On 22 May 2014 options over ordinary 10p shares in the Company were granted to the following directors under the BSMP.
DIRECTOR MATCHING AWARD
Michael Spencer 91,657
Iain Torrens 130,939
The exercise price for a matching award is £1. The exercise period for this award will commence on the day of the announcement of the Company's annual results for the financial year ending on 31 March 2017 and will last for a period of 5 years.
On 22 May 2014 John Nixon was given a promise to receive 170,221 matching award shares under the BSMP.
The matching award is subject to a performance condition and the retention of the investment shares purchased under the BSMP.
Grant of options under the ICAP plc Senior Management Long Term Incentive Plan (LTIP)
On the 22 May 2014 the following persons discharging managerial responsibilities (PDMR) were awarded the following shares under the LTIP:
PDMR | BASIC AWARD | MATCHING AWARD |
David Casterton | 96,895 | 96,895 |
Hugh Gallagher | 50,398 | 50,398 |
Seth Johnson | 55,911 | 55,911 |
Gil Mandelzis | 159,745 | 159,745 |
Laurent Paulhac | 13,258 | 13,258 |
Ken Pigaga | 21,735 | 21,735 |
Duncan Wales | 37,710 | 37,710 |
The basic and matching awards will vest on the third anniversary of the award. The matching award is subject to a performance condition.
The total of these BSMP and LTIP awards, being 1,264,121 ordinary 10p shares, will be satisfied by shares held in the ICAP Employee Share Trust and/or shares held as Treasury Shares.
ICAP plc
22 May 2014
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