TP ICAP announces launch of fifth share buyback program of £30M
TP ICAP Group plc (LON:TCAP) today announcesdthat it will commence a fifth share buyback program of £30 million.
The new program will start once the Fourth Buyback completes. It will cover TP ICAP’s ordinary shares of 25p each for a maximum consideration of £30 million.
The program aims to reduce the capital of the Company and/or meet obligations under employee share schemes.
As at 4 August 2025 the Company had bought back 10,505,981 million Ordinary Shares for a gross consideration of c. £28 million out of the £30 million, under the Fourth Buyback.
The Company has entered into an agreement with Peel Hunt LLP under which it has issued instructions (that are irrevocable during any closed period) to Peel Hunt to manage the Fifth Buyback as “matched” principal”. Peel Hunt will carry out the Company’s instructions through the acquisition of Ordinary Shares for subsequent repurchase by the Company.
Peel Hunt will undertake transactions in Ordinary Shares on any available trading venue or on an over-the-counter basis in order to execute the Fifth Buyback.