TP ICAP Group plc

Shareholder meeting update and notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs")

Following the Annual General Meeting of TP ICAP Group plc (the "Company") in May 2021, the Remuneration Committee has been consulting with shareholders in relation to the Company's current remuneration policy and the Company's strategy (as outlined at the Capital Markets Day in December 2020). 

As a result of the consultations, the Company confirms that it will now present a new remuneration policy for approval by shareholders at the Annual General Meeting in May 2022.

In line with the current remuneration policy set out in TP ICAP's Annual Report published on 9 April 2019, the Company announces that on 12 November 2021 the Company granted the following awards to the Executive Directors, PDMRs, over ordinary shares of the Company (the "Company Shares") under the rules of the TP ICAP Group plc Long-Term Incentive Plan (the "LTIP").

The number of Company Shares that will vest on the Normal Vesting Date is subject to the Rules of the LTIP. The Normal Vesting Date is the nearest working day to the third anniversary of the date of grant, i.e. 12 November 2024. Any portion of an award made pursuant to the LTIP that does not meet the vesting conditions will lapse.

The calculation of the number of the Company Shares to be granted was performed using a share price of £2.4282, which was the share price used for the deferred bonus grant on 31 March 2021, when awards would ordinarily have been made.

For further enquiries, please contact Richard Cordeschi, Group Company Secretary.

The following notifications, made in accordance with the requirements of the Market Abuse Regulation ("MAR"), give further detail.