Information  X 
Enter a valid email address

ITV PLC (ITV)

  Print      Mail a friend       Annual reports

Thursday 02 October, 2008

ITV PLC

Director/PDMR Shareholding

RNS Number : 9761E
ITV PLC
02 October 2008
 




ITV plc


2 October 2008


Share Awards made to Ian Griffiths


On 2 October 2008 ITV granted the following awards to Ian Griffiths, an executive director of ITV plc, in accordance with the terms of his contract of employment.


ITV Turnaround Plan

An award of 4,023,669 nil-cost options over ITV plc shares.


The number of nil cost options awarded was calculated using 42.25p the closing price of ITV plc shares on 1 October 2008.


The award will vest subject to the achievement of performance conditions as follows:


  • 25% of the total award may vest on 31 December 2009 subject to the achievement of Total Shareholder Return 'TSR' performance.  Any portion of this 25% that does not vest will lapse.  

2.   75% of the total award may vest on 31 December 2011:

25% subject to TSR performance

50% subject to four strategic targets split equally between Share of Commercial Impacts, Revenue Growth, EPS and Share Price.

Any portion of this 75% that does not vest will lapse.


Full details of the performance conditions are set out in the Remuneration Report contained in our Report and Accounts 2007 which are available on our website at www.itvplc.com.


ITV Deferred Share Award Plan

An award of 177,515 nil-cost options over ITV plc shares.


The number of nil cost options awarded was calculated using 42.25p the closing price of ITV plc shares on 1 October 2008.


The award will vest in full on 31 December 2009 subject to Ian Griffiths' continued employment within ITV.



For further enquiries please contact: 

 

ITV plc 

Tel: 020 7156 6000 


Press enquiries 

Ruth Settle - Director of Corporate Communications 

Louise Evans - Head of Press - Financial and Commercial


Investor enquiries 

Christy Swords - Director of Investor Relations 

Pippa Strong - Head of Investor Relations 


Tulchan Communications 

Tel: 0207 353 4200 

Andrew Grant 

Susannah Voyle 

Lizzie Morgan 

 

Website: www.itv.com; investor information: www.itvplc.com 

 


Editor's Notes


Ian Griffiths' contract of employment is subject to 12 months notice on either side. His basic salary is £425,000 per annum. Ian will be eligible to participate in the ITV annual bonus scheme on the same basis as other senior executives. He will also receive a contribution to his private pension scheme, life assurance, permanent health and medical insurance and a car allowance.  




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