TP ICAP Group plc (TCAP.L) announced the commencement of its fourth share buyback programme, starting today. This programme involves TP ICAP's ordinary shares of 25p each and has a maximum consideration of 30 million pounds. This follows the completion of the company's third buyback programme, which also amounted to 30 million pounds, in January 2025.
The Board recommended a final dividend of 11.3 pence per share, up 13%, which would bring the total 2024 dividend to 16.1 pence, an increase of 9%. The final dividend will be paid to eligible shareholders on 23 May 2025, with an ex-dividend and record date of 10 April 2025 and 11 April 2025, respectively.
The company will carry out any Ordinary Share purchases within specific pre-set parameters and in line with the general authority granted by shareholders at the Annual General Meeting held on 15 May 2024. This authority permits the Company to repurchase up to 77.17 million Ordinary Shares, representing 10% of the Ordinary Shares in issue, excluding Treasury Shares.
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