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25 May 2016 16:09
ICAP plc (the Company)
Grant of share awards under the ICAP plc 2015 Deferred Share Bonus Plan (DSBP) and 2015 Performance Share Plan (PSP).
On 24 May 2016 the following persons discharging managerial responsibilities (PDMRs) were awarded the following award shares under the DSBP and the PSP:
PDMR | DSBP AWARD |
Michael Spencer | 394,020 |
Stuart Bridges | 104,299 |
Tim Cartledge Steve Gibson Jenny Knott Gil Mandelzis | 38,629 46,355 162,243 108,127 |
Per Sjöberg | 22,376 |
Michael Spencer and Stuart Bridges have elected, with the approval of the Remuneration Committee, to defer 100% of their bonus into ICAP shares which will vest after three years.
These awards will normally vest on 24 May 2019 subject to the participant continuing to hold an office or employment within the ICAP Group.
PDMR | PSP AWARD |
Michael Spencer | 521,497 |
Stuart Bridges Tim Cartledge Steve Gibson Jenny Knott | 231,776 38,629 46,355 162,243 |
Gil Mandelzis | 108,127 |
Per Sjöberg | 22,376 |
These awards will normally vest on 24 May 2019 subject to the participant continuing to hold an office or employment within the ICAP Group and the achievement of the following performance conditions measured over a three year period to 31 March 2019:
1. half the 2016 PSP award will be subject to a Total Shareholder Return performance condition; and
2. the remaining 50% of the 2016 award will be subject to a point-to-point EPS performance condition.
ICAP plc
25 May 2016
Contact:
Serra Balls Group Head of Communications +44 (0) 20 7050 7103
Alex Dee Head of Investor Relations +44 (0) 20 7050 7123
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