TP ICAP completes acquisition of NEX’s global hybrid voice broking and information business

Tullett Prebon plc just announced that it has changed its name from Tullett Prebon plc to TP ICAP plc and will commence trading under the new Tradable Instrument Display Mnemonic “TCAP” tomorrow.
The Company’s website will be changed to on 30 December 2016. All other details remain unchanged.

TP ICAP plc also noted that has completed the acquisition of the global hybrid voice broking and information business of NEX Group plc (the new holding company of the ICAP Group), including NEX’s associated technology and broking platforms and certain of NEX’s joint ventures and associates.

At 8:00 a.m. today, 310,314,296 new TP ICAP shares allotted to the shareholders of NEX as consideration in respect of the Transaction will be admitted to the premium listing segment of the Official List of the Financial Conduct Authority (FCA) and to trading on the London Stock Exchange’s main market for listed securities.

Commenting on today’s announcement, John Phizackerley, CEO of TP ICAP, said:

This deal creates the leading interdealer broker in the world. It is a transformational acquisition for TP ICAP, providing a unique opportunity to accelerate our strategy and deliver for our clients, our employees and our shareholders.

Total Voting Rights

In accordance with Disclosure Guidance and Transparency Rule 5.6.1AR, following the issue of new TP ICAP ordinary shares, the total issued share capital of TP ICAP consists of 554,132,671 ordinary shares. TP ICAP does not hold any shares in treasury and the total number of voting rights of TP ICAP is 554,132,671.

The total voting rights figure 554,132,671 may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in TP ICAP under the FCA’s Disclosure Guidance and Transparency Rules.

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