Director/PDMR Shareholding

RNS Number : 9318I
ITV PLC
06 April 2020
 

 

6 April 2020

 

ITV plc - Share Awards

 

In accordance with DTR 3.1.2, ITV announces details of the awards under the ITV Deferred Share Award Plan (DSA), ITV Performance Share Plan (PSP) and ITV Long-Term Incentive Plan (LTIP) which were made on 6 April 2020 as set out below.

 

The awards have been granted using a 30-day average share price (rather than the usual three-day average).  This does not change the Company's Remuneration Policy being proposed at the Company's 2020 AGM.

 

The Remuneration Committee retains full discretion to adjust final outcomes under the awards to ensure that they are warranted based on the performance of the Group over the period, taking into account all relevant factors.

 

 

 

DSA awards

 

PSP awards

LTIP awards

Note a.

 

Note b.

 

Note c.

Julian Bellamy

334,192

1,270,821

n/a

Chris Kennedy

389,111

n/a

2,171,954

Kevin Lygo

372,857

1,386,349

n/a

Carolyn McCall

692,767

n/a

3,575,495

Paul Moore

113,153

607,160

n/a

Kyla Mullins

238,039

822,711

n/a

David Osborn

131,819

693,176

n/a

Rufus Radcliffe

151,950

767,863

n/a

Mark Smith

123,910

691,078

n/a

Kelly Williams

254,024

947,339

n/a

 

Notes:

 

DSA - These awards were made as restricted shares and the amount awarded was based on the achievement of performance targets under annual bonus arrangements in respect of the period 1 January 2019 to 31 December 2019. Under the rules of the DSA the shares will not release until 6 April 2023.

b.  PSP - These awards were made as nil-cost options and are subject to achievement of performance conditions over the three-year period to 31 December 2022.  Awards will be exercisable from 6 April 2023 but any portion of the award that does not meet the performance conditions will lapse.

c.  LTIP - These awards were made as nil-cost options and are subject to the achievement of performance conditions over the three-year period to 31 December 2022. Any portion of the award that meets the performance conditions will be subject to a further two-year holding period and will become exercisable from 6 April 2025.  Any portion of the award that does not meet the performance conditions will lapse.

 

All awards were calculated using the average share price on the 30-days preceding the award date of 69.91p.

 

Further information can be found in the Remuneration report in the Annual Report and Accounts for the year ended 31 December 2019 available on the Company's website at www.itvplc.com/investors/results-centre

 

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

 

For further enquiries please contact:

 

Investor Relations

Pippa Foulds

Faye Dipnarine

 

Media Relations

Paul Moore

Grant Cunningham

 

+44 7778 031097

+44 20 7157 6581

 

 

+44 7860 794444

+44 7764 210742

 

LEI for ITV plc - ZLECI7ED2QMWFGYCXZ59

 

 

 

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

An award of shares under the PSP and DSA.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Award under PSP

Nil

1,270,821

Award under DSA

Nil

334,192

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 

1,605,013

Nil

 

e)

Date of the transaction

6 April 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

Chris Kennedy

2

Reason for the notification

a)

Position/status

Group CFO

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

An award of shares under the LTIP and DSA.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Award under LTIP

Nil

2,171,954

Award under DSAP

Nil

389,111

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 

2,561,065

Nil

 

e)

Date of the transaction

6 April 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

An award of shares under the PSP and DSA.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Award under PSP

Nil

1,386,349

Award under DSA

Nil

372,857

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 

1,759,206

Nil

 

e)

Date of the transaction

6 April 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

Carolyn McCall

2

Reason for the notification

a)

Position/status

Chief Executive

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

An award of shares under the LTIP and DSA.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Award under LTIP

Nil

3,575,495

Award under DSAP

Nil

692,767

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 

4,268,262

Nil

 

e)

Date of the transaction

6 April 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

Paul Moore

2

Reason for the notification

a)

Position/status

Group Communications and Corporate Affairs 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

An award of shares under the PSP and DSA.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Award under PSP

Nil

607,160

Award under DSA

Nil

113,153

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 

720,313

Nil

 

e)

Date of the transaction

6 April 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

An award of shares under the PSP and DSA.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Award under PSP

Nil

822,711

Award under DSA

Nil

238,039

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 

1,060,750

Nil

 

e)

Date of the transaction

6 April 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

An award of shares under the PSP and DSA.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Award under PSP

Nil

693,176

Award under DSA

Nil

131,819

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 

824,995

Nil

 

e)

Date of the transaction

6 April 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

An award of shares under the PSP and DSA.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Award under PSP

Nil

767,863

Award under DSA

Nil

151,950

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 

919,813

Nil

 

e)

Date of the transaction

6 April 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

An award of shares under the PSP and DSA.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Award under PSP

Nil

691,078

Award under DSA

Nil

123,910

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 

814,988

Nil

 

e)

Date of the transaction

6 April 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

An award of shares under the PSP and DSA.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Award under PSP

Nil

947,339

Award under DSA

Nil

254,024

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 

1,201,363

Nil

 

e)

Date of the transaction

6 April 2020

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 

 


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