**Summary**
TP ICAP Group plc announced the launch of its sixth share buyback programme, valued at £80 million, following the completion of its fifth £30 million buyback. The programme aims to reduce the companys capital and/or meet obligations under employee share schemes. Shares purchased that are not cancelled will have their dividend rights waived. The buyback underscores the Boards confidence in TP ICAPs future prospects, strong financial performance, and operational progress. The programme includes £50 million from the companys legal entities rationalisation programme, delivered ahead of schedule. Since 2023, TP ICAP has completed or announced £230 million in share buybacks.
The buyback will be conducted within pre-set parameters, adhering to shareholder authority granted at the 2025 Annual General Meeting, which allows the purchase of up to 10% of issued ordinary shares. The programme complies with UK and EU regulations, including the Financial Conduct Authoritys Listing Rules and the Market Abuse Regulation (MAR). TP ICAP has appointed Peel Hunt LLP to manage the buyback as a "matched principal," operating independently during closed periods. Transactions will be disclosed via RNS announcements and published on the companys website within seven days of execution.
TP ICAP, a leading wholesale market intermediary, operates globally in financial, energy, and commodities markets, providing broking services, data, analytics, and market intelligence from over 60 offices in 28 countries. The announcement includes forward-looking statements, noting potential variations in actual results. Contact details for enquiries are provided for the Group Company Secretary, analysts/investors, and media.