Director/PDMR Shareholding

RNS Number : 9084T

STV Group PLC

06 July 2018

 

STV GROUP PLC (the "Company")

DIRECTOR/PDMR AND PCA SHAREHOLDING

The Company announces the release of a conditional nil cost share award to George Watt, Chief Financial Officer, granted on 10 June 2015 at 425p per share, under the STV Group plc Long Term Incentive Plan ("LTIP").

As reported in the 2017 Remuneration Report, 46% of the non-broadcast profit element of the award (which element made up 30% of the overall award) vested over the three year performance period. Neither the EPS nor the TSR elements of the award were triggered. Therefore, in accordance with the rules of the LTIP, 13.8% of the shares subject to the award vested and have been released which for Mr Watt equates to 7,094 shares.

Mr Watt has sold his shares to the STV Employee Benefit Trust ("EBT"). The shares were sold at a price of 428 pence per ordinary share of 50p each, being the closing price on Thursday 5 July 2018. The EBT will hold the shares for the purpose of satisfying future employee share awards.

The Company also announces that George Watt has today exercised and sold 53,470 of his 133,470 options previously earned and awarded under the 2013 Value Creation Plan. The shares were sold to the EBT at a price of 428 pence per ordinary share of 50p each, being the closing price on Thursday 5 July 2018.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated with them ('PCA')
a)	Name	1.George Watt
2.	Reason for notification
b)	Position / status	1.Chief Financial Officer
c)	Initial notification / amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
b)	Name	STV Group plc
c)	LEI	21380075GOOTTBDNDJ58
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 Identification code	Ordinary shares of 50p each GB00B3CX3644
b)	Nature of the transaction	1 (a)  sale of LTIP shares    (b)  sale of VCP shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 1 (a) 428 pence    (b) 428 pence   7,094 53,470
d)	Aggregated information Aggregated volume price	n/a
e)	Date of the transaction	6 July 2018
f)	Place of the transaction	London Stock Exchange

Jane E A Tames

Company Secretary

STV Group plc

0141 300 3074

6 July 2018

 

END

 

 

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