TP ICAP’s acquisition of Liquidnet secures approval at general meeting
The vast majority of the votes at the TP ICAP general meeting were in favor of the proposed acquisition of Liquidnet.
The vast majority of the votes at the TP ICAP general meeting were in favor of the proposed acquisition of Liquidnet.
TP ICAP is set to complete the relocation of staff to the EU 27 and the local hiring of staff in the EU-based offices of TP ICAP Europe S.A.
As part of its Brexit readiness plan, TP ICAP has established a new subsidiary in France, TP ICAP Europe S.A., to conduct broking business in the EU 27.
The new ultimate holding company, TP ICAP Group plc, is a company registered in Jersey.
TP ICAP announces a rights issue, which is set to raise proceeds of approximately £315 million, to be used to fund the Liquidnet acquisition.
Michael Heaney will assume the role of Senior Independent Director of TP ICAP upon relinquishing his role as interim Chair of the Risk Committee.
Angela Crawford-Ingle has bought 9,716 shares in TP ICAP at a price of £2.047 per share.
TP ICAP saw total Global Broking revenues amount to £260 million in Q3 2020, down 19% from a year earlier.
TP ICAP’s Chairman bought 25,000 shares in the company at a price of £2.2932 per share.
The total consideration for the entire issued share capital of Liquidnet Holdings is between US$575 million and US$700 million.