Last checked at 30 Mar 2015 16:10
30 March 2015
ITV plc Deferred Share Award Plan (the "DSA")
On 27 March 2015 certain directors and executives were granted awards over ordinary shares of the Company under the ITV Deferred Share Award Plan ("DSA"). The awards were based on the achievement of performance targets under Annual Bonus arrangements in respect of the period from 1 January 2014 to 31 December 2014.
Directors and PDMRs of the Company received awards as restricted shares as set out below. Under the rules of the DSA the shares will not release until 27 March 2018.
Directors
Name | Total shares awarded |
Adam Crozier | 197,741 |
Ian Griffiths | 112,186 |
PDMRs
Name | Total shares awarded |
Mary Fagan | 14,544 |
Peter Fincham | 85,669 |
Andrew Garard | 44,905 |
Kevin Lygo | 93,894 |
Simon Pitts | 31,228 |
Kelly Williams | 55,764 |
ITV Long-Term Incentive Plan (the "LTIP")
On 27 March 2015 certain directors and executives were granted awards under the LTIP in the form of nil-cost options over ordinary shares of the Company. The number of options that will become exercisable is subject to the achievement of a financial performance gateway and stretching strategic performance conditions on the third anniversary of the date of grant, 27 March 2018. Any portion of the award that does not meet the performance conditions will lapse. Any portion of the award that meets the performance conditions will then be subject to holding periods.
Directors
Name | Number of options awarded |
Adam Crozier | 804,636 |
Ian Griffiths | 491,722 |
PDMRs
Name | Number of options awarded |
Mary Fagan | 98,899 |
Peter Fincham | 335,396 |
Andrew Garard | 225,876 |
Kevin Lygo | 322,496 |
David Osborn | 87,651 |
Simon Pitts | 186,989 |
Kelly Williams | 155,824 |
For further information please refer to the Remuneration report in the Report and Accounts 2014 now available on the Company's website at www.itvplc.com/investors
For further enquiries please contact:
Investor Relations
Sharjeel Suleman Tel: +44 20 7157 6560 or +44 77 3300 2828
Clara Melia Tel: +44 20 7157 6555 or +44 77 7503 6657
Media Relations
Mary Fagan Tel: +44 20 7157 3965 or +44 77 3678 6448
Mike Large Tel: +44 20 7157 3021 or +44 77 6826 1528
Website: www.itv.com; investor information: www.itvplc.com