Director/PDMR Shareholding

RNS Number : 3833I

ITV PLC

01 April 2020

 

ITV plc ("the Company")

Director/PDMR Shareholding

1 April 2020

NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

The Company made awards over ordinary shares to PDMRs, who are members of the Management Board, under the ITV plc Long-Term Incentive Plan ("LTIP"), ITV plc Performance Share Plan ("PSP") and the ITV plc Deferred Share Award Plan ("DSA").  In accordance with the terms of the awards, the shares have been released as detailed below. The PDMRs have all elected to retain these released awards as shares, selling sufficient to satisfy income tax and NIC liability. 

Released on 27 March 2020:

PDMR	Date of Award	LTIP Awards Released	Total shares retained (post tax and NIC)
Kevin Lygo	27 March 2015	101,586	53,840

Released on 30 March 2020:

PDMR	Date of Award	DSA Awards Released	PSP Awards Released	Total DSA and PSP shares retained (post tax and NIC)
Kevin Lygo	28 March 2017	99,905	359,700	243,590
Julian Bellamy	28 March 2017	85,067	329,725	219,839
David Osborn	28 March 2017	26,291	179,851	109,255
Kelly Williams	28 March 2017	53,896	245,796	158,836
Rufus Radcliffe	28 March 2017	15,211	101,741	61,984
Mark Smith	28 March 2017	18,374	51,208	36,878
Kyla Mullins	28 March 2019 (buy out award)	-	413,118	218,952

The below notifications, made in accordance with the requirements of the EU Market Abuse Regulation, gives further detail on the transactions.

For further details, please contact:

Investor Relations
Pippa Foulds   Faye Dipnarine	[phone] or [phone] [phone]
Media Relations Paul Moore Grant Cunningham	[phone] [phone]

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Kevin Lygo
2	Reason for the notification
a)	Position/status	Director of Television
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ITV plc
b)	LEI	ZLECI7ED2QMWFGYCXZ59
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 the financial instrument, type of instrument Identification code	Ordinary shares of 10 pence ISIN: GB0033986497
b)	Nature of the transaction	A release of a restricted share award granted on 27 March 2015 under the ITV plc Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares on vesting of award Nil 101,586 Sale of shares to satisfy income tax and NIC liability 66.96p 47,746
d)	Aggregated information - Aggregated volume - Price	Vesting Volume 101,586 Price GBP Nil Sale Volume 47,746 Price GBP 66.96p
e)	Date of the transaction	27.03.2020
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Kevin Lygo
2	Reason for the notification
a)	Position/status	Director of Television
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ITV plc
b)	LEI	ZLECI7ED2QMWFGYCXZ59
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 the financial instrument, type of instrument Identification code	Ordinary shares of 10 pence ISIN: GB0033986497
b)	Nature of the transaction	A release of a restricted share awards granted on 28 March 2017 under the ITV plc Deferred Share Award Plan and the ITV plc Performance Share Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares on vesting of award Nil 459,605 Sale of shares to satisfy income tax and NIC liability 63.5832p 216,015
d)	Aggregated information - Aggregated volume - Price	Vesting Volume 459,605 Price GBP Nil Sale Volume 216,015 Price GBP 63.5832p
e)	Date of the transaction	30 March 2020
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Julian Bellamy
2	Reason for the notification
a)	Position/status	Managing Director, ITV Studios
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ITV plc
b)	LEI	ZLECI7ED2QMWFGYCXZ59
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 the financial instrument, type of instrument Identification code	Ordinary shares of 10 pence ISIN: GB0033986497
b)	Nature of the transaction	A release of a restricted share awards granted on 28 March 2017 under the ITV plc Deferred Share Award Plan and the ITV plc Performance Share Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares on vesting of award Nil 414,792 Sale of shares to satisfy income tax and NIC liability 63.5832p 194,953
d)	Aggregated information - Aggregated volume - Price	Vesting Volume 414,792 Price GBP Nil Sale Volume 194,953 Price GBP 63.5832p
e)	Date of the transaction	30.03.2020
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Kyla Mullins
2	Reason for the notification
a)	Position/status	General Counsel and Company Secretary
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ITV plc
b)	LEI	ZLECI7ED2QMWFGYCXZ59
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 the financial instrument, type of instrument Identification code	Ordinary shares of 10 pence ISIN: GB0033986497
b)	Nature of the transaction	A release of an award over nil-cost options granted on 28 March 2019 as part of buy-out arrangements on joining ITV. Sale of sufficient shares to fund income tax and national insurance liability.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares on vesting of award Nil 413,118 Sale of all shares to satisfy income tax and NIC liability 63.5832p 194,166
d)	Aggregated information - Aggregated volume - Price	Vesting Volume 413,118 Price GBP Nil Sale Volume 194,166 Price GBP 63.5832p
e)	Date of the transaction	30 March 2020
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	David Osborn
2	Reason for the notification
a)	Position/status	Group HR Director
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ITV plc
b)	LEI	ZLECI7ED2QMWFGYCXZ59
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 the financial instrument, type of instrument Identification code	Ordinary shares of 10 pence ISIN: GB0033986497
b)	Nature of the transaction	A release of a restricted share awards granted on 28 March 2017 under the ITV plc Deferred Share Award Plan and the ITV plc Performance Share Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares on vesting of award Nil 206,142 Sale of all shares to satisfy income tax and NIC liability 63.5832p 96,887
d)	Aggregated information - Aggregated volume - Price	Vesting Volume 206,142 Price GBP Nil Sale Volume 96,887 Price GBP 63.5832p
e)	Date of the transaction	30 March 2020
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Kelly Williams
2	Reason for the notification
a)	Position/status	Managing Director, Commercial
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ITV plc
b)	LEI	ZLECI7ED2QMWFGYCXZ59
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 the financial instrument, type of instrument Identification code	Ordinary shares of 10 pence ISIN: GB0033986497
b)	Nature of the transaction	A release of a restricted share awards granted on 28 March 2017 under the ITV plc Deferred Share Award Plan and the ITV plc Performance Share Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares on vesting of award Nil 299,692 Sale of all shares to satisfy income tax and NIC liability 63.5832p 140,856
d)	Aggregated information - Aggregated volume - Price	Vesting Volume 299,692 Price GBP Nil Sale Volume 140,856 Price GBP 63.5832p
e)	Date of the transaction	30 March 2020
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Rufus Radcliffe
2	Reason for the notification
a)	Position/status	Chief Marketing Officer & Director of Direct to Consumer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ITV plc
b)	LEI	ZLECI7ED2QMWFGYCXZ59
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 the financial instrument, type of instrument Identification code	Ordinary shares of 10 pence ISIN: GB0033986497
b)	Nature of the transaction	A release of a restricted share awards granted on 28 March 2017 under the ITV plc Deferred Share Award Plan and the ITV plc Performance Share Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares on vesting of award Nil 116,952 Sale of all shares to satisfy income tax and NIC liability 63.5832p 54,968
d)	Aggregated information - Aggregated volume - Price	Vesting Volume 116 ,952 Price GBP Nil Sale Volume 54,968 Price GBP 63.5832p
e)	Date of the transaction	30 March 2020
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mark Smith
2	Reason for the notification
a)	Position/status	Group Chief Technology Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ITV plc
b)	LEI	ZLECI7ED2QMWFGYCXZ59
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 the financial instrument, type of instrument Identification code	Ordinary shares of 10 pence ISIN: GB0033986497
b)	Nature of the transaction	A release of a restricted share awards granted on 28 March 2017 under the ITV plc Deferred Share Award Plan and the ITV plc Performance Share Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares on vesting of award Nil 69,582 Sale of all shares to satisfy income tax and NIC liability 63.5832p 32,704
d)	Aggregated information - Aggregated volume - Price	Vesting Volume 69,582 Price GBP Nil Sale Volume 32,704 Price GBP 63.5832p
e)	Date of the transaction	30 March 2020
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

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