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TP ICAP Group PLC
Director's Dealing • May 29, 2025
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 6672K
TP ICAP Group plc
29 May 2025
TP ICAP Group plc
LEI: 2138006YAA7IRVKKGE63
29 May 2025
TP ICAP Group plc (the 'Company' or 'TP ICAP')
Notification of transactions by persons discharging managerial responsibilities ('PDMRs')
On 27 May 2025 the Company received the following notifications relating to the vesting of awards granted on 25 May 2022 over ordinary shares of 25p each of the Company (the "Company Shares") under the rules of the TP ICAP Group plc Restricted Share Plan 2022 (the "2022 RSP").
Vesting of awards
Following the vesting on 27 May 2025 a total of 1,688,467 Company Shares were released by the TP ICAP Employee Benefit Trust ("EBT") to the PDMRs named in the table below, who then elected to sell a number of shares to settle the income tax and national insurance ("NI") liabilities and dealing charges arising upon the vesting of the awards. These market sales of the shares to discharge the income tax, NI liability and dealing charges incurred as a result of the awards vesting were completed on 27 May 2025.
A further two-year post-vesting holding period applies to the awards and the PDMRs listed below will not be permitted to sell any shares during this time.
The table below sets out the number of Company Shares released to each PDMR, the number subsequently sold to discharge the income tax, NI liability and dealing charges incurred as a result of their awards vesting, and the number retained by each PDMR.
| PDMR | Nicolas Breteau | Philip Price | Robin Stewart |
| Title | Chief Executive Officer |
Group General Counsel | Chief Financial Officer |
| 2022 RSP | |||
| Company Shares Released | 768,883 | 464,405 | 455,179 |
| Company Shares sold to discharge tax and NI liabilities and dealing charges | 362,282 | 218,818 | 214,471 |
| Sale price per Company Share (£) | £2.609763 | £2.609763 | £2.609763 |
| Company Shares Retained | 406,601 | 245,587 | 240,708 |
Notifications
The following notifications are made in accordance with the requirements of the UK Market Abuse Regulation and provides 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
Director and PDMR
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 Group plc
b)
LEI
2138006YAA7IRVKKGE63
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
JE00BMDZN391
b)
Nature of the transaction
Transfer of ordinary shares of 25p each in TP ICAP Group plc from the TP ICAP Employee Benefit Trust to the PDMR following the vesting of the TP ICAP Group plc Restricted Share Plan 2022 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £nil | 768,883 |
d)
Aggregated information
- Aggregated volume
- Price
768,883
£nil
e)
Date of the transaction
27May 2025
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
JE00BMDZN391
b)
Nature of the transaction
Sale of ordinary shares of 25p each in TP ICAP Group plc to meet the income tax and national insurance liabilities and dealing charges arising upon the vesting of the TP ICAP Group plc Restricted Share Plan 2022 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £2.609763 | 362,282 |
d)
Aggregated information
- Aggregated volume
- Price
362,282
£2.609763
e)
Date of the transaction
27 May 2025
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
Director and PDMR
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 Group plc
b)
LEI
2138006YAA7IRVKKGE63
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
JE00BMDZN391
b)
Nature of the transaction
Transfer of ordinary shares of 25p each in TP ICAP Group plc from the TP ICAP Employee Benefit Trust to the PDMR following the vesting of the TP ICAP Group plc Restricted Share Plan 2022 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £nil | 464,405 |
d)
Aggregated information
- Aggregated volume
- Price
464,405
£nil
e)
Date of the transaction
27 May 2025
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
JE00BMDZN391
b)
Nature of the transaction
Sale of ordinary shares of 25p each in TP ICAP Group plc to meet the income tax and national insurance liabilities and dealing charges arising upon the vesting of the TP ICAP Group plc Restricted Share Plan 2022 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £2.609763 | 218,818 |
d)
Aggregated information
- Aggregated volume
- Price
218,818
£2.609763
e)
Date of the transaction
27 May 2025
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
Director and PDMR
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 Group plc
b)
LEI
2138006YAA7IRVKKGE63
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
JE00BMDZN391
b)
Nature of the transaction
Transfer of ordinary shares of 25p each in TP ICAP Group plc from the TP ICAP Employee Benefit Trust to the PDMR following the vesting of the TP ICAP Group plc Restricted Share Plan 2022 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £nil | 455,179 |
d)
Aggregated information
- Aggregated volume
- Price
455,179
£nil
e)
Date of the transaction
27 May 2025
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
JE00BMDZN391
b)
Nature of the transaction
Sale of ordinary shares of 25p each in TP ICAP Group plc to meet the income tax and national insurance liabilities and dealing charges arising upon the vesting of the TP ICAP Group plc Restricted Share Plan 2022 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £2.609763 | [x]214,471 |
d)
Aggregated information
- Aggregated volume
- Price
214,471
£2.609763
e)
Date of the transaction
27 May 2025
f)
Place of the transaction
London Stock Exchange
Enquiries
Vicky Hart
Group Company Secretary
+44 (0) 20 7200 7117
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