Last checked at 24 Jun 2020 10:31
Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMR') or persons closely associated with them
TP ICAP plc (the "Company") hereby announces that on 22 June 2020 the following notifications were received relating to the vesting of awards granted on 22 June 2017 over ordinary shares of 25p each of the Company (the "Company Shares") under the rules of the TP ICAP plc 2016 Deferred Bonus Plan (the "Plan").
Following the vesting, a total of 71,217 Company Shares were released by the TP ICAP plc Employee Benefit Trust to the PDMRs named in the table below, who then elected to sell a number of shares to settle the tax liabilities arising upon the vesting of the awards. The table sets out the number of Company Shares released to each PDMR, the number subsequently sold, and the number retained.
PDMR | Title | Company Shares Released | Company Shares sold to discharge tax liabilities | Sale price per Company Share (£) | Company Shares Retained |
Nicolas Breteau | Chief Executive Officer | 37,703 | 17,721 | 3.5341 | 19,982 |
Philip Price | Group General Counsel | 24,088 | 11,322 | 3.5341 | 12,766 |
Robin Stewart | Chief Financial Officer | 9,426 | 4,431 | 3.5341 | 4,995 |
For further enquiries, please contact Richard Cordeschi, Group Company Secretary, on +44 (0)7580 851 104.
The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Nicolas Breteau | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Executive Director and Chief Executive Officer | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| TP ICAP plc | ||||
b)
| LEI
| 5493009UWRK48KKUD358 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
Transaction 1 | ||||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Ordinary shares of 25p each
GB00B1H0DZ51 | ||||
b)
| Nature of the transaction
| Transfer of ordinary shares of 25p each in TP ICAP plc from the TP ICAP plc Employee Benefit Trust to the PDMR following the vesting of the TP ICAP plc 2016 Deferred Bonus Plan award
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
37,703
£nil
| ||||
e)
| Date of the transaction
| 22/06/2020 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
Transaction 2 | ||||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Ordinary shares of 25p each
GB00B1H0DZ51 | ||||
b)
| Nature of the transaction
| Sale of ordinary shares of 25p each in TP ICAP plc to meet tax liabilities arising from the vesting of the TP ICAP plc 2016 Deferred Bonus Plan award | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
17,721
£3.5341
| ||||
e)
| Date of the transaction
| 22/06/2020 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Philip Price | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Executive Director and Group General Counsel | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| TP ICAP plc | ||||
b)
| LEI
| 5493009UWRK48KKUD358 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
Transaction 1 | ||||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Ordinary shares of 25p each
GB00B1H0DZ51 | ||||
b)
| Nature of the transaction
| Transfer of ordinary shares of 25p each in TP ICAP plc from the TP ICAP plc Employee Benefit Trust to the PDMR following the vesting of the TP ICAP plc 2016 Deferred Bonus Plan award
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
24,088
£nil
| ||||
e)
| Date of the transaction
| 22/06/2020 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
Transaction 2 | ||||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Ordinary shares of 25p each
GB00B1H0DZ51 | ||||
b)
| Nature of the transaction
| Sale of ordinary shares of 25p each in TP ICAP plc to meet tax liabilities arising from the vesting of the TP ICAP plc 2016 Deferred Bonus Plan award | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
11,322
£3.5341 | ||||
e)
| Date of the transaction
| 22/06/2020 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Robin Stewart | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Executive Director and Chief Financial Officer | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| TP ICAP plc | ||||
b)
| LEI
| 5493009UWRK48KKUD358 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
Transaction 1 | ||||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Ordinary shares of 25p each
GB00B1H0DZ51 | ||||
b)
| Nature of the transaction
| Transfer of ordinary shares of 25p each in TP ICAP plc from the TP ICAP plc Employee Benefit Trust to the PDMR following the vesting of the TP ICAP plc 2016 Deferred Bonus Plan award
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
9,426
£nil
| ||||
e)
| Date of the transaction
| 22/06/2020 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
Transaction 2 | ||||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Ordinary shares of 25p each
GB00B1H0DZ51 | ||||
b)
| Nature of the transaction
| Sale of ordinary shares of 25p each in TP ICAP plc to meet tax liabilities arising from the vesting of the TP ICAP plc 2016 Deferred Bonus Plan award | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
4,431
£3.5341
| ||||
e)
| Date of the transaction
| 22/06/2020 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||