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ITV PLC (ITV)

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Wednesday 09 March, 2011

ITV PLC

Director/PDMR Shareholding

RNS Number : 6431C
ITV PLC
09 March 2011
 



9 March 2011

 

As disclosed and described in the Remuneration report of the 2010 Report Accounts published yesterday, certain directors and executives of the Company have been granted share awards as set out below.

 

ITV plc Deferred Share Award Plan (the "DSA")

 

On 8 March 2011 awards were made over ordinary shares of the Company under the DSA, based on the achievement of performance targets under Annual Bonus arrangements in respect of the period from 1 January 2010 to 31 December 2010 (or the proportion of the year employed by ITV).

 

The Annual Bonus is awarded one third as cash, one third as restricted shares under a Core Share Award (automatically deferred), and one third taken either in cash or voluntarily deferred into shares as a Voluntary Share Award.

 

Details of the awards are set out below.  The shares subject to this award will not release until 8 March 2014.

 

Directors of the Company

 

Name

Core Share Award

Voluntary Share Award

 

Total shares awarded

Adam Crozier

276,314

276,314

552,628

Ian Griffiths

203,478

203,478

406,956

 

PDMRs of the Company

 

Name

Core Share Award

Voluntary Share Award

 

Total shares awarded

Andy Doyle

65,660

65,660

131,320

Peter Fincham

251,697

251,697

503,394

Andrew Garard

105,421

105,421

210,842

Fru Hazlitt

82,075

82,075

164,150

Kevin Lygo

99,744

99,744

199,488

Simon Pitts

14,883

-

14,883

 

ITV Performance Share Plan (the "PSP")

 

On 8 March 2011 awards were granted as nil-cost options over ordinary shares of the Company under the PSP in the form of a Core Award and a Matching Award.  A Matching Award has been made on a 1 for 1 basis if the individual voluntarily deferred one third of their Annual Bonus in the form of a Voluntary Share Award (described above).

 

The options will become exercisable on the third anniversary of date of grant, 8 March 2014, subject to the achievement of performance conditions.  

 

Details of the awards are set out below.  

 

Directors of the Company

 

Name

Core PSP Award

Matching PSP Award

Total number of nil-cost options awarded

Adam Crozier

786,196

276,314

1,062,510

Ian Griffiths

431,140

203,478

634,618

 

PDMRs of the Company

 

Name

Core PSP Award

Matching PSP Award

Total number of nil-cost options awarded

Paul Dale

226,527

-

226,527

Andy Doyle

216,678

65,660

282,338

Mary Fagan

125,849

-

125,849

Peter Fincham

512,148

251,697

763,845

Andrew Garard

344,912

105,421

450,333

Fru Hazlitt

393,960

82,075

476,035

Kevin Lygo

492,450

99,744

592,194

Simon Pitts

82,075

-

82,075

 

For further information please refer to the Remuneration report in the The Report and Accounts 2010 now available on the Company's website at www.itvplc.com/investors/reports.

 

 

ITV plc

Tel: 020 7157 3000

 

For further enquiries please contact: 

 

Investor Relations

Pippa Foulds     020 7157 6555 or 07778 031097

 

Media Relations

Mary Fagan         020 7157 3965 or 07736 786448

Caroline Cook        020 7157 3709

James MacLeod   020 7157 3017

 

Tulchan Communications

Susanna Voyle  020 7353 4200

 

 

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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