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TP ICAP Group PLC
Director's Dealing • Apr 4, 2024
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 3901J
TP ICAP Group plc
04 April 2024
TP ICAP Group plc
LEI: 2138006YAA7IRVKKGE63
4 April 2024
TP ICAP Group plc (the 'Company' or 'TP ICAP')
Notification of transactions by persons discharging managerial responsibilities ('PDMRs')
On 4 April 2024 the Company received the following notifications relating to the:
· vesting of awards granted on 30 March 2021 over ordinary shares of 25p each of the Company (the "Company Shares") under the rules of the TP ICAP Group plc Deferred Bonus Plan 2020 (the "2021 DBS Plan");
· vesting of tranche 2 of the awards granted on 31 March 2022 over the Company Shares under the rules of the TP ICAP Group plc Deferred Bonus Plan 2022 (the "2022 DBS Plan"); and
· vesting of tranche 1 of the awards granted on 31 March 2023 over the Company Shares under the rules of the TP ICAP Group plc Deferred Bonus Plan 2023 (the "2023 DBS Plan").
Vesting of awards
Following the vestings on 31 March 2024 a total of 944,148 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 3 April 2024. For the awards vesting under the 2023 DBS Plan, a further six-month post vesting retention period applies to.
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 |
| 2021 DBS Plan | |||
| Company Shares Released | 259,757 | 135,693 | 128,799 |
| Company Shares sold to discharge tax and NI liabilities and dealing charges | 122,392 | 63,936 | 60,687 |
| Sale price per Company Share (£) | 2.232627 | 2.232627 | 2.232627 |
| Company Shares Retained | 137,365 | 71,757 | 68,112 |
| 2022 DBS Plan | |||
| Company Shares Released | 111,102 | 51,819 | 47,081 |
| Company Shares sold to discharge tax and NI liabilities and dealing charges | 52,349 | 24,416 | 22,184 |
| Sale price per Company Share (£) | 2.232627 | 2.232627 | 2.232627 |
| Company Shares Retained | 58,753 | 27,403 | 24,897 |
| 2023 DBS Plan | |||
| Company Shares Released | 108,113 | 51,819 | 49,965 |
| Company Shares sold to discharge tax and NI liabilities and dealing charges | 50,941 | 24,416 | 23,543 |
| Sale price per Company Share (£) | 2.232627 | 2.232627 | 2.232627 |
| Company Shares Retained | 57,172 | 27,403 | 26,422 |
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 Deferred Bonus Share Plan 2021 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £nil | 259,757 |
d)
Aggregated information
- Aggregated volume
- Price
259,757
£nil
e)
Date of the transaction
31 March 2024
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 Deferred Bonus Share Plan 2021 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £2.232627 | 122,392 |
d)
Aggregated information
- Aggregated volume
- Price
122,392
£2.232627
e)
Date of the transaction
3 April 2024
f)
Place of the transaction
London Stock Exchange
Transaction 3
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 tranche 2 of the TP ICAP Group plc Deferred Bonus Share Plan 2022 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £nil | 111,102 |
d)
Aggregated information
- Aggregated volume
- Price
111,102
£nil
e)
Date of the transaction
31 March 2024
f)
Place of the transaction
Outside a trading venue
Transaction 4
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 tranche 2 of the TP ICAP Group plc Deferred Bonus Share Plan 2022 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £2.232627 | 52,349 |
d)
Aggregated information
- Aggregated volume
- Price
52,349
£2.232627
e)
Date of the transaction
3 April 2024
f)
Place of the transaction
London Stock Exchange
Transaction 5
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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £nil | 108,113 |
d)
Aggregated information
- Aggregated volume
- Price
108,113
£nil
e)
Date of the transaction
31 March 2024
f)
Place of the transaction
Outside a trading venue
Transaction 6
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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £2.232627 | 50,941 |
d)
Aggregated information
- Aggregated volume
- Price
50,941
£2.232627
e)
Date of the transaction
3 April 2024
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 Deferred Bonus Share Plan 2021 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £nil | 135,693 |
d)
Aggregated information
- Aggregated volume
- Price
135,693
£nil
e)
Date of the transaction
31 March 2024
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 Deferred Bonus Share Plan 2021 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £2.232627 | 63,936 |
d)
Aggregated information
- Aggregated volume
- Price
63,936
£2.232627
e)
Date of the transaction
3 April 2024
f)
Place of the transaction
London Stock Exchange
Transaction 3
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 tranche 2 of the TP ICAP Group plc Deferred Bonus Share Plan 2022 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £nil | 51,819 |
d)
Aggregated information
- Aggregated volume
- Price
51,819
£nil
e)
Date of the transaction
31 March 2024
f)
Place of the transaction
Outside a trading venue
Transaction 4
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 tranche 2 of the TP ICAP Group plc Deferred Bonus Share Plan 2022 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £2.232627 | 24,416 |
d)
Aggregated information
- Aggregated volume
- Price
24,416
£2.232627
e)
Date of the transaction
3 April 2024
f)
Place of the transaction
London Stock Exchange
Transaction 5
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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £nil | 51,819 |
d)
Aggregated information
- Aggregated volume
- Price
51,819
£nil
e)
Date of the transaction
31 March 2024
f)
Place of the transaction
Outside a trading venue
Transaction 6
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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £2.232627 | 24,416 |
d)
Aggregated information
- Aggregated volume
- Price
24,416
£2.232627
e)
Date of the transaction
3 April 2024
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 Deferred Bonus Share Plan 2021 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £nil | 128,799 |
d)
Aggregated information
- Aggregated volume
- Price
128,799
£nil
e)
Date of the transaction
31 March 2024
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 Deferred Bonus Share Plan 2021 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £2.232627 | 60,687 |
d)
Aggregated information
- Aggregated volume
- Price
60,687
£2.232627
e)
Date of the transaction
3 April 2024
f)
Place of the transaction
London Stock Exchange
Transaction 3
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 tranche 2 of the TP ICAP Group plc Deferred Bonus Share Plan 2022 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £nil | 47,081 |
d)
Aggregated information
- Aggregated volume
- Price
47,081
£nil
e)
Date of the transaction
31 March 2024
f)
Place of the transaction
Outside a trading venue
Transaction 4
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 tranche 2 of the TP ICAP Group plc Deferred Bonus Share Plan 2022 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £2.232627 | 22,184 |
d)
Aggregated information
- Aggregated volume
- Price
22,184
£2.232627
e)
Date of the transaction
3 April 2024
f)
Place of the transaction
London Stock Exchange
Transaction 5
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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £nil | 49,965 |
d)
Aggregated information
- Aggregated volume
- Price
49,965
£nil
e)
Date of the transaction
31 March 2024
f)
Place of the transaction
Outside a trading venue
Transaction 6
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 tranche 1 of the TP ICAP Group plc Deferred Bonus Share Plan 2023 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £2.232627 | 23,543 |
d)
Aggregated information
- Aggregated volume
- Price
23,543
£2.232627
e)
Date of the transaction
3 April 2024
f)
Place of the transaction
London Stock Exchange
Enquiries
Vicky Hart
Group Company Secretary
+44 (0) 20 7200 7117
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