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ITV PLC (ITV)

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Tuesday 06 January, 2009

ITV PLC

Director/PDMR Shareholding

RNS Number : 2067L
ITV PLC
06 January 2009
 



6 January 2008


Awards vesting under the ITV plc Deferred Share Award Plan (the 'Plan')



Awards are granted over ordinary shares of ITV plc under the Plan based on the achievement of performance targets.  On 31 December 2008 awards previously made in respect of the 2006 and 2007 financial years were released to a number of executives and directors as detailed below.


Directors of ITV plc 


Name

Date of award

% of award being released

No. of shares being released

No. of shares still subject to the award

Shares sold for income taxNICs & associated costs

Shares retained

John Cresswell

15 March 2007

50%

113,151

Nil

46,487

66,664

John Cresswell

14 March 2008

50%

241,491

241,491

99,210

142,281

Michael Grade

14 March 2008

50%

740,352

740,352

304,153

436,199

Rupert Howell

14 March 2008

50%

48,755

48,756

n/a

48,755


The Trustee sold sufficient shares at 40.432p per share on behalf of John Cresswell and Michael Grade to satisfy income taxnational insurance liabilities and associated costsThe balance were retained by the participants.  


Rupert Howell settled the tax and national insurance liabilities separately and has retained all of the shares.


Following the event the directors' interests in ITV plc shares were as follows - 


Name

Total holding after the event

Percentage of issued share capital

John Cresswell

784,660

0.020%

Michael Grade

436,398

0.011%

Rupert Howell

48,755

0.001%



PDMR of ITV plc 


Under the rules of the Plan, on 31 December 2008 100% of the shares awarded to Carolyn Fairbairn in respect of the 2007 financial year were released as follows.


Date Shares Awarded

Shares released

Shares sold for income tax, NICs & associated costs

Shares retained

14 March 2008

153,323

62,989

90,334

11 April 2008

162,797

66,881

95,916



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 

Susanna Voyle 

Lizzie Morgan 

 

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



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