ICAP PLC Director/PDMR Shareholding (4776F)

TIDMIAP

RNS Number : 4776F

ICAP PLC

12 November 2015

ICAP plc (the "Company")

Grant of share awards under the ICAP plc 2015 Performance Share Plan (PSP).

On 11 November 2015 the following persons discharging managerial responsibilities (PDMRs) were awarded the following conditional share awards under the PSP:

   Executive Director                       PSP AWARD 
    Michael Spencer                                      173,262 
 
 PDMR               PSP AWARD 
 
 David Casterton       52,995 
 Hugh Gallagher        22,218 
 Seth Johnson          22,081 
 Gil Mandelzis        144,098 
 Laurent Paulhac       23,055 
 Ken Pigaga            48,579 
 

These awards will normally vest on 28 May 2018 subject to the participant continuing to hold an office or employment within the ICAP group and the achievement of the following performance conditions measured over the three year period:

1. half the 2015 PSP award will be subject to a Total Shareholder Return performance condition; and

2. the remaining 50% of the 2015 award will be subject to a point-to-point EPS performance condition.

It is intended that these PSP awards, being 486,288 ordinary 10p shares, will be satisfied from Treasury shares.

Stuart Bridges

As previously announced, Stuart Bridges' commenced employment on 1 September 2015 and has forfeited certain deferred awards from his previous employer. In order partially to compensate him for this, on 11 November 2015, he was awarded two share awards, each of 98,750 ICAP plc shares, under the ICAP PSP. The first award will vest on 1 September 2016 and the second on 1 September 2017 with both awards being subject only to continued service, malus and clawback.

In addition, Stuart Bridges, as a PDMR, was awarded the following conditional share award under the PSP:

   Executive Director                     PSP AWARD 
    Stuart Bridges                                        197,500 

The vesting, detailed performance conditions and satisfaction of this award are all as detailed above.

ICAP plc

12 November 2015

Contact:

   Serra Balls                  Group Head of Communications                    [phone] 

Alex Dee Head of Investor Relations [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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November 12, 2015 05:07 ET (10:07 GMT)