STV Group PLC Director/PDMR Shareholding (1113D)
January 26 2018 - 10:34AM
UK Regulatory
TIDMSTVG
RNS Number : 1113D
STV Group PLC
26 January 2018
STV Group plc
Director Shareholding
26 January 2018
LEI: 21380075GOOTTBDNDJ58
STV Group plc announces that it has today made the following
awards to Simon Pitts further to his appointment as Chief Executive
Officer in compensation for the incentive awards forfeited at his
previous employer:
-- An award of 9,589 fully vested shares on appointment;
-- An award of 129,796 deferred shares, granted in the form of
conditional nil-cost share awards under the STV Group plc Long-Term
Incentive Plan ("LTIP"), vesting in phases over the period to
2021;
-- An LTIP award of 210,662 shares, granted in the form of
conditional nil-cost share awards which will, subject to the
satisfaction of the performance conditions set out below, vest in
March 2020.
The awards were granted at a price of 309.5 pence per ordinary
share (the closing share price on 25 January 2018).
Weighting Threshold Max
Performance conditions vesting vesting
------------------------- --------- --------- --------------
Growth in EPS 50% 7% 12%
------------------------- --------- --------- --------------
Non-broadcast operating 30% GBP4.0m GBP9.0m
profit in FY 19
------------------------- --------- --------- --------------
TSR relative to the FTSE 20% Median Upper quartile
Small Cap Index
------------------------- --------- --------- --------------
Performance period for each metric commences on 1/1/17 and ends
on 31/12/19
Ends
Further enquiries:-
Jane E A Tames, Company Secretary, STV Group plc
Tel: 0141 300 3074
Ellen Drummond, PR & Communications Manager, STV Group
plc
Tel: 07803 970143
This information is provided by RNS
The company news service from the London Stock Exchange
END
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