Last checked at 29 Mar 2017 15:30
29 March 2017
ITV plc (the "Company")
Share Award Releases
In accordance with DTR 3.1.2 ITV announces that awards made in March 2014 under the ITV Deferred Share Award Plan (the "DSA") and ITV Performance Share Plan (the "PSP") to PDMRs of the Company were released or exercised on 28 March 2017 as follows.
Name | Shares released under DSA | Options exercised under PSP
| Total number of shares sold (including to cover tax and NICs) at £2.098
| Total holding after event | Percentage of issued share capital |
Adam Crozier | 240,534 | - | 240,534 | 1,909,263 | 0.047 |
Ian Griffiths | 122,269 | - | 122,269 | 1,254,554 | 0.031 |
Mary Fagan | 18,637 | - | 8,760 | 255,689 | 0.006 |
Andrew Garard | 55,936 | - | 26,290 | 1,532,720 | 0.038 |
Kevin Lygo | 119,620 | - | 56,222 | 1,229,534 | 0.031 |
David Osborn | - | 32,094 | 15,085 | 51,914 | 0.001 |
Simon Pitts | 36,529 | - | 17,169 | 299,627 | 0.007 |
Kelly Williams | 55,081 | 69,900 | 87,935 | 163,060 | 0.004 |
Details of the performance conditions that related to these awards can be found in the Remuneration Report in the 2014 Annual Report which is available at www.itvplc.com/investors/results-centre.
Share Awards
a. DSA
On 28 March 2017 certain PDMRs were granted awards over ordinary shares of the Company under the DSA. The awards were based on the achievement of performance targets under annual bonus arrangements in respect of the period from 1 January 2016 to 31 December 2016.
PDMRs received awards as restricted shares as set out below. Under the rules of the DSA the shares will not release until 28 March 2020.
b. PSP
On 28 March 2017 PDMRs were granted awards under the PSP 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 stretching strategic performance conditions over the three-year period to 31 December 2019 and will become exercisable on 28 March 2020. Any portion of the award that does not meet the performance conditions will lapse.
c. Awards made
Name | Number of shares awarded under the DSA | Number of options awarded under the PSP |
Adam Crozier | 107,949 | - |
Ian Griffiths | 60,472 | - |
Julian Bellamy | 85,067 | 394,360 |
Mary Fagan | 12,439 | 124,388 |
Andrew Garard | 37,879 | 284,091 |
Kevin Lygo | 99,905 | 430,211 |
David Osborn | 26,291 | 215,106 |
Simon Pitts | 35,278 | 235,182 |
Kelly Williams | 53,896 | 293,978 |
For further information please refer to the Remuneration report in the Report and Accounts 2016 now available on the Company's website at www.itvplc.com/investors/results-centre.
For further enquiries please contact:
Investor Relations
Pippa Foulds Tel: 020 7157 6555 or 07778 031097
Media Relations
Mary Fagan Tel: 020 7157 3965 or 07736 786448
Mike Large Tel: 020 7157 3021 or 07768 261528
Website: www.itv.com; investor information: www.itvplc.com