IAP.L Regulatory News (IAP)

1 Jun 2006 15:51

ICAP PLC01 June 2006 ICAP plc (the "Company") On 31 May 2006, the Company was notified that Mourant & Co Trustees Limited, asTrustee of the ICAP Employee Share Trust (the "Trust") transferred at nil cost348,320 ordinary shares of 10p each in the Company on 31 May 2006 to StephenMcDermott, an executive director of the Company, in satisfaction of a promise toreceive shares made to him on 16 July 2003. In order to meet the US tax liability which is incurred immediately by thetransfer of those shares, Mr McDermott sold on the London Stock Exchange on 31May 2006 a total of 348,320 shares at a price of 481.66p per share. Following these transactions, Stephen McDermott had an interest in 92,640ordinary shares in the Company. The Trust is a discretionary trust established by the Company of which allemployees and former employees of ICAP plc and its subsidiaries are potentialbeneficiaries. Five of the Company's directors, M A Spencer, J N Pettigrew, SMcDermott, D Gelber and M Yallop, are therefore, regarded for Companies Actpurposes, as being interested in the 767,294 ICAP plc shares held by thetrustees of the Trust that remain unallocated following the transfer referred toabove. Kathryn DickinsonDeputy Company SecretaryICAP plc1 June 2006 This information is provided by RNS The company news service from the London Stock Exchange