Information  X 
Enter a valid email address

STV Group PLC (STVG)

  Print          Annual reports

Wednesday 24 March, 2021

STV Group PLC

Grant of LTIP

RNS Number : 3818T
STV Group PLC
24 March 2021
 

STV Group plc

Director shareholding 

24 March 2021

LEI: 21380075GOOTTBDNDJ58

The following share awards were granted today, 24 March 2021:

468,448 conditional nil cost share awards of 50p each to a total of nine employees under the STV Group plc Long-Term Incentive Plan ("LTIP") which was approved by shareholders on 26 April 2018.

The awards were granted at a price of 330 pence per ordinary share (the closing share price on Tuesday 23 March 2021) and these nine employees included two executive directors as follows:-

Director

Shares awarded

Simon Pitts, Chief Executive Officer

127,036

Lindsay Dixon, Chief Financial Officer

71,323

 

This award 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

 

EPS

Annualised growth in adjusted EPS from FY20 to FY23

50%

4%

13%

Non-broadcast operating profit

Operating profit for non-broadcast in FY23

30%

£9.5m

£16.5m

TSR

Ranked position of the Company's shareholder return (TSR) against the FTSE Small Cap Index

 (3 month average)

20%

Median

Upper quartile

Additionally, as previously disclosed, the final element of the buy-out of remuneration forfeited at his previous employer has been awarded to Simon Pitts. Mr Pitts was awarded 30,372 shares and has sold 14,608 shares to cover the tax and NIC liability arising on this award.

Further enquiries:

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

Kirstin Stevenson, Head of Communications, STV Group plc  [email protected]

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHBUGDXXGDDGBS

a d v e r t i s e m e n t