IAP.L Regulatory News (IAP)

23 Jun 2006 15:50

ICAP PLC23 June 2006 ICAP plc (the "Company") Grant of options under the Bonus Share Matching Plan On 22 June 2006 options over ordinary 10p shares in the Company were granted tothe following directors under the Bonus Share Matching Plan. DIRECTOR BASIC AWARD MATCHING AWARD Michael Spencer 525,959 525,959 Mark Yallop 177,056 177,056 The exercise price for a Basic Award is £1 and the exercise price for a MatchingAward is £1. The exercise period for this award will commence on the day of theannouncement of the Company's annual results for the financial year ending on 31March 2009 and will last for a period of 12 months. The aggregate of the awards, being 1,406,030 ordinary 10p shares, are to besatisfied by shares held in the ICAP Employee Share Trust (the "Trust"). The Trust is a discretionary trust established by the Company of which allemployees and former employees of ICAP plc and its subsidiaries are potentialbeneficiaries. Four of the Company's directors, M A Spencer, S McDermott, DGelber and M Yallop, are therefore, regarded for Companies Act purposes, asbeing interested in the 1,048,500 ICAP plc shares held by the trustees of theTrust that remain unallocated following these awards. Deborah AbrehartGroup Company SecretaryICAP plc23 June 2006 This information is provided by RNS The company news service from the London Stock Exchange