TIDMSKY

RNS Number : 5948I

Sky PLC

31 August 2016

Sky plc

(the 'Company')

1. Pursuant to the Company's Co-Investment Plan (the 'Plan'), Jeremy Darroch, Group Chief Executive Officer, and Andrew Griffith, Group Chief Operating Officer & Group Financial Officer (together the 'Executive Directors'), each elected to invest the maximum entitlement of 50% of their bonus for the year ended 30 June 2016 in ordinary shares in the Company ('Investment Shares'), and have subsequently received an award of matching shares at nil cost ('Matching Shares') on 31 August 2016, as set out below.

 
 Executive          Investment         Matching Shares 
  Director           Shares acquired    awarded 
-----------------  -----------------  ---------------- 
 Jeremy Darroch     61,793             176,110 
-----------------  -----------------  ---------------- 
 Andrew Griffith    29,178             83,159 
-----------------  -----------------  ---------------- 
 

Shares were purchased on behalf of the Executive Directors in London on 30 August 2016 at a price of 863.91 pence per share.

These awards will vest on 31 August 2019, dependent upon the achievement of a target level of growth in the Company's earnings per share in the three year period to 30 June 2019.

2. Pursuant to the Plan, on 30 August 2016 the Executive Directors each exercised matching shares granted in 2013 which vested in full on 28 August 2016 as a result of the Plan exceeding its target growth in earnings per share for the period ended 30 June 2016, as set out below.

 
 Executive          2013 Matching 
  Director           Shares exercised 
                     and sold (including 
                     to cover tax 
                     liabilities) 
-----------------  --------------------- 
 Jeremy Darroch     162,794 
-----------------  --------------------- 
 Andrew Griffith    74,249 
-----------------  --------------------- 
 

Shares were sold on behalf of the Executive Directors in London on 30 August 2016 at a price of 860.151 pence per share.

3. The beneficial interests of the Executive Directors in the Company following this notification are:

   Jeremy Darroch:           689,871 
   Andrew Griffith:            172,445 

Contacts:

Investor Relations

Rob Kingston

Tel: 0207 032 3726

Corporate Communications

Eleanor Mills

Tel: 0207 032 6615

The notifications below are made in accordance with the requirements of the EU Market Abuse Regulation.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                       Jeremy Darroch 
---  -------------------------  ------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status            Group Chief Executive Officer 
---  -------------------------  ------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                       Sky plc 
---  -------------------------  ------------------------------- 
 b)   LEI                        2138003TS48MQKF4BZ29 
---  -------------------------  ------------------------------- 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  ---------------------------------------------------------- 
 a)   Description of             Ordinary Shares of 50 pence 
       the financial              each in Sky plc 
       instrument, type 
       of instrument 
                                  ISIN: GB0001411924 
       Identification 
       code 
---  -------------------------  ------------------------------- 
 b)   Nature of the              Purchase of investment shares 
       transaction                under the Co-Investment Plan. 
---  -------------------------  ------------------------------- 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                   ---------  ---------- 
                                    863.91     61,793 
                                   ---------  ---------- 
---  -------------------------  ------------------------------- 
 d)   Aggregated information     n/a 
       - Aggregated volume 
       - Price 
---  -------------------------  ------------------------------- 
 e)   Date of the transaction    2016-08-30 
---  -------------------------  ------------------------------- 
 f)   Place of the transaction   London 
---  -------------------------  ------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------- 
 a)   Name                       Jeremy Darroch 
---  -------------------------  ------------------------------ 
 2    Reason for the notification 
---  --------------------------------------------------------- 
 a)   Position/status            Group Chief Executive Officer 
---  -------------------------  ------------------------------ 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ------------------------------ 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------- 
 a)   Name                       Sky plc 
---  -------------------------  ------------------------------ 
 b)   LEI                        2138003TS48MQKF4BZ29 
---  -------------------------  ------------------------------ 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  --------------------------------------------------------- 
 a)   Description of             Ordinary Shares of 50 pence 
       the financial              each in Sky plc 
       instrument, type 
       of instrument 
                                  ISIN: GB0001411924 
       Identification 
       code 
---  -------------------------  ------------------------------ 
 b)   Nature of the              Grant of awards under the 
       transaction                Co-Investment Plan at nil 
                                  cost. 
---  -------------------------  ------------------------------ 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                   ----------  ---------- 
                                    n/a         176,110 
                                   ----------  ---------- 
---  -------------------------  ------------------------------ 
 d)   Aggregated information     n/a 
       - Aggregated volume 
       - Price 
---  -------------------------  ------------------------------ 
 e)   Date of the transaction    2016-08-31 
---  -------------------------  ------------------------------ 
 f)   Place of the transaction   n/a 
---  -------------------------  ------------------------------ 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                       Jeremy Darroch 
---  -------------------------  ------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status            Group Chief Executive Officer 
---  -------------------------  ------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                       Sky plc 
---  -------------------------  ------------------------------- 
 b)   LEI                        2138003TS48MQKF4BZ29 
---  -------------------------  ------------------------------- 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  ---------------------------------------------------------- 
 a)   Description of             Ordinary Shares of 50 pence 
       the financial              each in Sky plc 
       instrument, type 
       of instrument 
                                  ISIN: GB0001411924 
       Identification 
       code 
---  -------------------------  ------------------------------- 
 b)   Nature of the              Exercise and sale of awards 
       transaction                under the Co-Investment Plan. 
---  -------------------------  ------------------------------- 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                   ---------  ---------- 
                                    860.151    162,794 
                                   ---------  ---------- 
---  -------------------------  ------------------------------- 
 d)   Aggregated information     n/a 
       - Aggregated volume 
       - Price 
---  -------------------------  ------------------------------- 
 e)   Date of the transaction    2016-08-30 
---  -------------------------  ------------------------------- 
 f)   Place of the transaction   London 
---  -------------------------  ------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                       Andrew Griffith 
---  -------------------------  ------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status            Group Chief Operating Officer 
                                  & Group Financial Officer 
---  -------------------------  ------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                       Sky plc 
---  -------------------------  ------------------------------- 
 b)   LEI                        2138003TS48MQKF4BZ29 
---  -------------------------  ------------------------------- 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  ---------------------------------------------------------- 
 a)   Description of             Ordinary Shares of 50 pence 
       the financial              each in Sky plc 
       instrument, type 
       of instrument 
                                  ISIN: GB0001411924 
       Identification 
       code 
---  -------------------------  ------------------------------- 
 b)   Nature of the              Purchase of investment shares 
       transaction                under the Co-Investment Plan. 
---  -------------------------  ------------------------------- 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                   ---------  ---------- 
                                    863.91     29,178 
                                   ---------  ---------- 
---  -------------------------  ------------------------------- 
 d)   Aggregated information     n/a 
       - Aggregated volume 
       - Price 
---  -------------------------  ------------------------------- 
 e)   Date of the transaction    2016-08-30 
---  -------------------------  ------------------------------- 
 f)   Place of the transaction   London 
---  -------------------------  ------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------- 
 a)   Name                       Andrew Griffith 
---  -------------------------  ------------------------------ 
 2    Reason for the notification 
---  --------------------------------------------------------- 
 a)   Position/status            Group Chief Operating Officer 
                                  & Group Financial Officer 
---  -------------------------  ------------------------------ 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ------------------------------ 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------- 
 a)   Name                       Sky plc 
---  -------------------------  ------------------------------ 
 b)   LEI                        2138003TS48MQKF4BZ29 
---  -------------------------  ------------------------------ 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  --------------------------------------------------------- 
 a)   Description of             Ordinary Shares of 50 pence 
       the financial              each in Sky plc 
       instrument, type 
       of instrument 
                                  ISIN: GB0001411924 
       Identification 
       code 
---  -------------------------  ------------------------------ 
 b)   Nature of the              Grant of awards under the 
       transaction                Co-Investment Plan at nil 
                                  cost. 
---  -------------------------  ------------------------------ 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                   ----------  ---------- 
                                    n/a         83,159 
                                   ----------  ---------- 
---  -------------------------  ------------------------------ 
 d)   Aggregated information     n/a 
       - Aggregated volume 
       - Price 
---  -------------------------  ------------------------------ 
 e)   Date of the transaction    2016-08-31 
---  -------------------------  ------------------------------ 
 f)   Place of the transaction   n/a 
---  -------------------------  ------------------------------ 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                       Andrew Griffith 
---  -------------------------  ------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status            Group Chief Operating Officer 
                                  & Group Financial Officer 
---  -------------------------  ------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                       Sky plc 
---  -------------------------  ------------------------------- 
 b)   LEI                        2138003TS48MQKF4BZ29 
---  -------------------------  ------------------------------- 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  ---------------------------------------------------------- 
 a)   Description of             Ordinary Shares of 50 pence 
       the financial              each in Sky plc 
       instrument, type 
       of instrument 
                                  ISIN: GB0001411924 
       Identification 
       code 
---  -------------------------  ------------------------------- 
 b)   Nature of the              Exercise and sale of awards 
       transaction                under the Co-Investment Plan. 
---  -------------------------  ------------------------------- 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                   ---------  ---------- 
                                    860.151    74,249 
                                   ---------  ---------- 
---  -------------------------  ------------------------------- 
 d)   Aggregated information     n/a 
       - Aggregated volume 
       - Price 
---  -------------------------  ------------------------------- 
 e)   Date of the transaction    2016-08-30 
---  -------------------------  ------------------------------- 
 f)   Place of the transaction   London 
---  -------------------------  ------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHSDUFLFFMSEFA

(END) Dow Jones Newswires

August 31, 2016 10:21 ET (14:21 GMT)

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