STV Group PLC Director/PDMR Shareholding
May 03 2024 - 4:30AM
RNS Regulatory News
RNS Number : 1825N
STV Group PLC
03 May 2024
|
STV Group plc
LEI: 21380075GOOTTBDNDJ58
3 May 2024
Director
shareholding
|
|
The following share award was
granted today, 3 May 2024, at a price of 239.5 pence per ordinary
share (the closing share price on 2 May 2024):
· 2024 Long-term Incentive
Plan
|
|
A total of 489,120 conditional nil
cost share awards of 50p each were granted under the STV Group plc
Long-Term Incentive Plan. This plan was approved by
shareholders on 1 May 2024.
These were awarded to a total of
seven employees including executive director, Lindsay Dixon
(129,436 shares).
|
|
This plan will vest in three years
subject to the continued employment of the participants and the
satisfaction of the undernoted performance conditions and will be
released following a further holding period of two years from the
vesting date:
|
Performance
measures
|
Threshold
vesting
(25% of
max)
|
Maximum
vesting
(100%)
|
|
Group EPS: CAGR in Adjusted EPS
from FY23 to FY26 (40% weighting)
|
4%
|
10%
|
|
Group margin: Adjusted Group
Operating Margin in FY26 (20% weighting)
|
8%
|
13%
|
|
Revenue growth in STV Studios and the Digital
business: CAGR in Revenue from
Digital and STV Studios from FY23 to FY26 (20%
weighting)
|
15%
|
25%
|
|
Relative total shareholder return: Ranked position of the Company's TSR against the constituents
of the FTSE Small Cap Index (20% weighting)
|
Median
|
Upper
quartile
|
|
|
|
|
Further enquiries:
|
|
Eileen Malcolmson, Company Secretary,
STV Group
plc Eileen.malcolmson@stv.tv
|
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END
DSHEANSDEFSLEEA
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