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2 Jun 2008 17:12
ICAP plc (the "Company")
Grant of options under the ICAP plc Senior Management Long Term Incentive Plan (LTIP)
ICAP plc announces that on 29 May 2008 the following persons discharging managerial responsibilities were awarded the following shares under the LTIP:
DIRECTOR BASIC AWARD MATCHING AWARD
David Casterton 60,727 12,145
Ron Purpora 22,617 4,523
Doug Rhoten 136,295 27,259
David Rutter 89,648 17,929
The vesting of the conditional award of shares constituting the Basic Award will occur as follows (subject to the forfeiture provisions):
one year after the date of award - one-third of the shares will vest;
two years after the date of award - a further one-third of the shares will vest;
three years after the date of award - the final third of the shares will vest.
The vesting of the conditional awards of shares constituting the Matching Award will occur as follows (subject to the forfeiture provisions):
These awards will be satisfied by shares held in the ICAP Employee Share Trust.
ICAP plc
2 June 2008
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