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STV Group PLC (STVG)

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Friday 11 March, 2022

STV Group PLC

Director/PDMR Shareholding

RNS Number : 5462E
STV Group PLC
11 March 2022
 

 

 

STV Group plc

Director shareholding 

 

11 March 2022

 

LEI: 21380075GOOTTBDNDJ58

 

The following share awards were granted today, 11 March 2022, at a price of 320 pence per ordinary share (the closing share price on 10 March 2022):

 

 

2022  Long-term Incentive Plan

 

A total of 471,267 conditional nil cost share awards of 50p each under the STV Group plc Long-Term Incentive Plan ("LTIP") which was approved by shareholders on 29 April 2021. These were awarded to a total of nine employees, including two executive directors as follows:

 

Simon Pitts, Chief Executive

134,937 shares

Lindsay Dixon, Chief Financial Officer

75,758 shares

 

 

This plan will vest in three years subject to the continued employment of the participants and the satisfaction of the undernoted performance conditions and will be released following a further holding period of two years from the vesting date:

 

 

Performance measure

Calibration of targets

Weighting

Threshold vesting

(25% of max)

Maximum vesting

 

Earnings per share growth

Annualised growth in EPS from FY21 to FY24

50%

4% per annum

10% per annum

Non-broadcast operating profit

Operating profit for non-broadcast in FY24

30%

£15.0m

£19.5m

Total shareholder return (TSR)

Ranked position of our share price growth (including dividends) against FTSE Small Cap companies

20%

Median

Upper quartile

 

 

2021 Deferred Bonus Plan

 

A total of 97,286 ordinary shares were granted to a total of seven employees who are participants in the 2021 Deferred Bonus Plan, including two executive directors as detailed below. This plan was approved by shareholders on 29 April 2021. The shares will be released following a three-year holding period and subject to the continued employment of the participants.

 

Simon Pitts, Chief Executive

37,828 shares

Lindsay Dixon, Chief Financial Officer

17,928 shares

 

 

 

 

Further enquiries:

 

Jane E A Tames, Company Secretary, STV Group plc  [email protected]

 

 

 

 

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