TP ICAP launches 2022 Savings-Related Share Option Plan
TP ICAP Group plc (LON:TCAP) announces that it has launched a Savings-Related Share Option Plan (the “2022 SRSO Plan”) for all eligible employees.
Eligible employees were invited to subscribe for options over TP ICAP’s ordinary shares of 25 pence each which have been granted at an exercise price of £1.1997 per Ordinary Share in accordance with the terms of the 2022 SRSO Plan. The Options were issued on 29 April 2022 and will normally be exercisable from 1 June 2025 for six months.
The company says that 692 employees have elected to participate in the 2022 SRSO Plan and as a result Options over a total of 7,673,726 Ordinary Shares have been granted in respect of the 2022 SRSO Plan, representing 0.97% of the company’s issued share capital.
TP ICAP’s CFO Robin Stewart and Philip Pice, Group General Counsel, have chosen to participate in the 2022 SRSO Plan.
In choosing to participate in the 2022 SRSO Plan, Mr Stewart and Mr Price withdrew from the 2021 Savings-Related Share Option Plan and their respective 2021 SRSO Plan options previously announced on 23 April 2021 have therefore lapsed.