Director/PDMR Shareholding

RNS Number : 6360I

ITV PLC

02 June 2014

 



ITV plc (the Company)

2 June 2014

ITV Long-Term Incentive Plan (the LTIP)

Following shareholder approval of the new LTIP at the AGM held on 14 May 2014, on 30 May awards were granted as nil-cost options over ordinary shares of the Company to a number of directors and senior executives.

Directors

Name	Number of options  awarded
Adam Crozier	1,103,543
Ian Griffiths	674,387

PDMRs

Name	Number of options  awarded
Mary Fagan	135,638
Peter Fincham	459,989
Andrew Garard	309,784
Fru Hazlitt	353,837
Kevin Lygo	442,296
Simon Pitts	204,360

The number of options that will become exercisable is subject to the achievement of a financial performance gateway and stretching strategic performance conditions on the third anniversary of the date of grant, 30 May 2017.   

Any portion of the award that does not meet the performance conditions will lapse.  50% of any portion of the award that meets the performance conditions will become immediately exercisable from May 2017.  The remaining 50% will be held for an additional one-year holding period and become exercisable in May 2018.

For further enquiries please contact: 

Media Relations

Mary Fagan                   020 7157 3965 or 07736 786448
Mike Large                    020 7157 3021 or 07768 261528

Website: www.itv.com; investor information: www.itvplc.com

 

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