Director/PDMR Shareholding

RNS Number : 4470J
ITV PLC
29 March 2018
 

 

29 March 2018

 

ITV plc (the "Company")

 

ITV Share Award Plans

 

Releases

 

In accordance with DTR 3.1.2 ITV announces that awards made in March 2015 under the ITV Deferred Share Award Plan (the "DSA") and ITV Long-Term Incentive Plan ("LTIP") to PDMRs of the Company were released on 27 March 2018 as follows.

 

Name

Shares

released

under the DSA

Options exercised

under the LTIP

 

Total number of shares sold (to cover tax and NICs) at 145.18p

 

Total holding after event

Percentage of issued share capital

Julian Bellamy

17,593

74,318

43,199

81,455

0.00200%

Andrew Garard

44,905

-

21,106

1,622,193

0.04030%

Ian Griffiths

112,186

-

52,728

1,314,012

0.03264%

Kevin Lygo

93,894

-

44,131

1,373,064

0.03411%

David Osborn

-

27,611

12,978

68,724

0.00171%

Rufus Radcliffe

12,356

30,476

20,132

91,904

0.00228%

Kelly Williams

55,764

49,085

49,280

218,629

0.00543%

 

Transactions undertaken in London.

 

No shares were sold other than to cover tax and NICs.

 

Buyout Arrangements

 

On 28 March 2018 the following PDMRs were granted awards in the form of restricted shares in line with the rules

of the DSA.  These awards were made to compensate for forfeited bonuses on leaving their previous employers.

 

Name

Number of shares granted

Release date

Carolyn McCall

160,406

17 December 2018

 

54,293

19 December 2019

 

209,049

28 March 2021

Julian Ashworth

11,277

20 June 2019

 

5,446

22 June 2020

 

16,216

28 March 2021

 

Share Awards

 

Name

(a)     Number of restricted shares granted

under the DSA

(based on a share price of 145.25p)

(b)   Number of options

granted

under the PSP

(based on a share price of 145.25p)

(c)  Number of options

granted

under the LTIP

(based on a share price of 145.25p)

(d)   Number of options

granted

under the SAYE

 

Julian Ashworth

-

172,118

-

-

Julian Bellamy

159,365

583,606

-

-

Andrew Garard

70,468

420,422

-

14,537

Ian Griffiths

291,882

-

995,134

-

Kevin Lygo

198,045

636,661

-

-

Carolyn McCall

-

-

1,641,997

-

David Osborn

62,534

318,331

-

2,907

Rufus Radcliffe

53,309

212,221

-

14,537

Kelly Williams

112,909

435,052

-

-

 

a.     DSA

On 28 March 2018 certain PDMRs were granted awards over ordinary shares of the Company under the DSA.  The awards were based on the achievement of performance targets under annual bonus arrangements in respect of the period from 1 January 2017 to 31 December 2017. Under the rules of the DSA the shares will not release until 28 March 2021.

 

b.     PSP

On 28 March 2018 certain PDMRs were granted awards under the Performance Share Plan (PSP) in the form of nil-cost options over ordinary shares of the Company. The number of options that will become exercisable will be subject to the achievement of stretching performance conditions, fully aligned with the future strategic plan, over the three-year period to 31 December 2020 and will become exercisable on 28 March 2021. Any portion of the award that does not meet the performance conditions will lapse.

 

c.     LTIP

On 28 March 2018 certain PDMRs were granted awards under the LTIP in the form of nil-cost options over ordinary shares of the Company. The number of options that will become exercisable will be subject to the achievement of stretching performance conditions, fully aligned with the future strategic plan, over the three-year period to 31 December 2020 and will vest on 28 March 2021. Any portion of the award that meets the performance conditions will be subject to a two-year holding period and will release on 28 March 2023.  Any portion that does not meet the performance conditions will lapse.

 

d.     Savings-Related Share Option Scheme

On 29 March 2018 certain PDMRs were granted options under the Scheme over ordinary shares of the Company with an exercise price of 123.82p that will not be exercisable until 1 June 2021. 

 

 

Further information can be found in the Remuneration report in the Annual Report and Accounts for the year ended 31 December 2017 available on the Company's website at www.itvplc.com/investors/results-centre

 

 

For further enquiries please contact:

 

Investor Relations

Pippa Foulds                         Tel: 020 7157 6555 or 07778 031097

 

Media Relations

Mike Large                              Tel: 020 7157 3021 or 07768 261528

 

 

 

 

 

LEI for ITV plc - ZLECI7ED2QMWFGYCXZ59

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHSESFEUFASEDD

Companies

ITV (ITV)
UK 100

Latest directors dealings