Director/PDMR Shareholding

RNS Number : 0364A

STV Group PLC

02 June 2016

 

STV Group plc Long-Term Incentive Plan - 2016 Awards 2 June 2016
STV Group plc announces that it has today granted a total of 343,720 conditional nil cost share awards of 50p each to a total of 13 employees under the STV Group plc Long-Term Incentive Plan ("LTIP") which was approved by shareholders on 30 April 2015. The awards were granted at a price of £3.67 per ordinary share (the closing share price on Wednesday 1 June 2016) and these 13 employees included the executive directors as follows:-
Director	Shares awarded
Rob Woodward	107,725
(Chief Executive)
George Watt	60,723
(Chief Financial Officer)

These will be released to the participants in at least three years time subject to their continued employment and the satisfaction of the following performance conditions:-

Performance conditions Weighting Threshold vesting (25% of max) Max vesting Growth in EPS 50% 7% 12% Non-broadcast operating profit in FY18 30% £4.0m £9.0m TSR relative to the FTSE Small Cap Index 20% Median Upper quartile Performance  period for each metric commences on 1/1/16 and ends on 31/12/18

Further enquiries:

Jane E A Tames

Company Secretary

STV Group plc

Tel: [phone]

 

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