TP ICAP PLC Director/PDMR Shareholding - Replacement (3140I)
01 Aprile 2020 - 8:00AM
UK Regulatory
TIDMTCAP
RNS Number : 3140I
TP ICAP PLC
31 March 2020
The following amendments have been made to the 'Director/PDMR'
announcement released on 31 March 2020 at 17:49 under RNS No
3096I.
In the previous version of the announcement:
-- 'PDMR' was incorrectly used in the Headline of the
announcement and the first paragraph commencing 'TP ICAP plc...';
the correct acronym 'PDMRs' is now shown in both instances;
-- The third paragraph commencing 'While the share price...'
incorrectly referred to the 'Plans'; the correct reference to the
'LTIP Plan' is now shown; and
-- The Transaction dates were incorrectly stated as '31 March
2020'; the correct Transaction dates are now shown as '30 March
2020.
All other details remain unchanged and the full amended text is
shown below.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities ('PDMRs') and persons
closely associated with them
TP ICAP plc (the "Company") hereby notifies the market of the
following notifications from PDMRs, relating to the grant of awards
over ordinary shares of the Company (the "Company Shares") under
the rules of the TP ICAP plc Bonus Plan for Executive Directors
(the "Bonus Plan") and the TP ICAP plc Long-Term Incentive Plan
(the "LTIP") (together the "Plans").
The number of Company Shares that will vest on the Normal
Vesting Date are subject to the Rules of the applicable Plan. The
Normal Vesting Date is the nearest working day to the third
anniversary of the date of grant, i.e. 30 March 2023. Any portion
of the award that does not meet the vesting conditions will lapse.
The notifications were made under article 19 of the EU Market Abuse
Regulation ("MAR").
In line with our standard approach, the number of Company Shares
awarded is based on the closing Share price on the London Stock
Exchange on 27 March 2020 of GBP3.4648, discounted from the spot
rate at grant, reflecting the absence of dividend equivalents
during the deferral period.
While the share price has trended lower recently due to various
global factors, we believe that these are mostly not specific to
the Company. It is also noted that under the LTIP Plan, the
Committee has full discretion to ensure that the final outcomes are
warranted based on the performance of the Company in light of all
relevant factors and that there have not been any windfall
gains.
For further enquiries, please contact Richard Cordeschi, Group
Company Secretary.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Nicolas Breteau
-------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Director
-------------------------- ----------------------------------------
b) Initial notification Initial
/Amendment
-------------------------- ----------------------------------------
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
--------------------------------------------------------------------
a) Description of the
financial instrument, Ordinary shares of 25p each
type of instrument
GB00B1H0DZ51
Identification code
-------------------------- ----------------------------------------
b) Nature of the transaction Award over ordinary shares of TP
ICAP plc under the TP ICAP plc Bonus
Plan for Executive Directors (the
"Bonus Plan") and the TP ICAP plc
Long-Term Incentive Plan (the "LTIP")
(together the "Plans")
-------------------------- ----------------------------------------
c) Price(s) and volume(s) Plan(s) Price(s) Volume(s)
Bonus Plan GBP3.4648 220,496
----------- ----------
LTIP GBP3.4648 483,433
----------- ----------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 703,929
- Price GBP3.4648
-------------------------- ----------------------------------------
e) Date of the transaction 30/03/2020
-------------------------- ----------------------------------------
f) Place of the transaction Outside of trading venue
-------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Robin Stewart
-------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Director
-------------------------- ----------------------------------------
b) Initial notification Initial
/Amendment
-------------------------- ----------------------------------------
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
--------------------------------------------------------------------
a) Description of the
financial instrument, Ordinary shares of 25p each
type of instrument
GB00B1H0DZ51
Identification code
-------------------------- ----------------------------------------
b) Nature of the transaction Award over ordinary shares of TP
ICAP plc under the TP ICAP plc Bonus
Plan for Executive Directors (the
"Bonus Plan") and the TP ICAP plc
Long-Term Incentive Plan (the "LTIP")
(together the "Plans")
-------------------------- ----------------------------------------
c) Price(s) and volume(s) Plan(s) Price(s) Volume(s)
Bonus Plan GBP3.4648 111,043
----------- ----------
LTIP GBP3.4648 312,067
----------- ----------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 423,110
- Price GBP3.4648
-------------------------- ----------------------------------------
e) Date of the transaction 30/03/2020
-------------------------- ----------------------------------------
f) Place of the transaction Outside of trading venue
-------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Philip Price
-------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Director
-------------------------- ----------------------------------------
b) Initial notification Initial
/Amendment
-------------------------- ----------------------------------------
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
--------------------------------------------------------------------
a) Description of the
financial instrument, Ordinary shares of 25p each
type of instrument
GB00B1H0DZ51
Identification code
-------------------------- ----------------------------------------
b) Nature of the transaction Award over ordinary shares of TP
ICAP plc under the TP ICAP plc Bonus
Plan for Executive Directors (the
"Bonus Plan") and the TP ICAP plc
Long-Term Incentive Plan (the "LTIP")
(together the "Plans")
-------------------------- ----------------------------------------
c) Price(s) and volume(s) Plan(s) Price(s) Volume(s)
Bonus Plan GBP3.4648 114,723
----------- ----------
LTIP GBP3.4648 315,674
----------- ----------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 430,397
- Price GBP3.4648
-------------------------- ----------------------------------------
e) Date of the transaction 30/03/2020
-------------------------- ----------------------------------------
f) Place of the transaction Outside of trading venue
-------------------------- ----------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHUASBRRRUOOAR
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