Last checked at 28 Mar 2024 15:05
28 March 2024
ITV plc - Share Awards
In accordance with DTR 3.1.2, ITV announces details of the awards under the ITV Executive Share Plan (ESP) and ITV Deferred Share Award Plan (DSA) which were made on 28 March 2024 as set out below.
| DSA awards
| ESP awards | ESP buy-out awards |
Note a.
| Note b.
| Note c. | |
Julian Bellamy | 311,015 | 672,379 | n/a |
Magnus Brooke | 99,963 | 291,437 | n/a |
Simon Farnsworth | n/a | 540,173 | 137,187 |
Chris Kennedy 1 | 307,683 | 1,149,160 | n/a |
Kevin Lygo | 269,031 | 978,006 | n/a |
Carolyn McCall 1 | 469,122 | 1,891,759 | n/a |
Paul Moore | 108,453 | 321,243 | n/a |
Kyla Mullins | 183,395 | 435,289 | n/a |
David Osborn | 129,594 | 366,753 | n/a |
Ade Rawcliffe | 77,284 | 255,426 | n/a |
Kelly Williams | 217,694 | 712,730 | n/a |
Notes:
a. DSA - These awards were made as restricted shares and the amount awarded was based on the achievement of performance targets under annual bonus arrangements in respect of the period 1 January 2023 to 31 December 2023. Under the rules of the DSA the shares will not release until 28 March 2027.
b. ESP - The awards are over nil-cost options that will vest and become exercisable on 28 March 2027, subject to the satisfaction of a performance underpin. Awards to Executive Directors1 will vest on 28 March 2027 but will be subject to a further two-year holding period and become exercisable from 28 March 2029. The Remuneration Committee retains full discretion to reduce vesting levels of the awards (including to nil), based on the performance of the Group over the period, taking into account all relevant factors.
c. ESP buy-out - The award is over nil-cost options that will cliff vest in two equal tranches on 28 March 2025 and 28 March 2026.
The awards are over nil-cost options and were granted using a three-day average share price, which was 72.89 pence.
Further information can be found in the Remuneration report in the Annual Report and Accounts for the year ended 31 December 2023 available on the Company's website at www.itvplc.com/investors/results-centre
The below notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail on the transactions.
For further enquiries please contact:
Investor Relations
Pippa Foulds +447778 031097
Faye Dipnarine +442071 576581
Media Relations
Laura Wootton +442071 573056
LEI for ITV plc - ZLECI7ED2QMWFGYCXZ59
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
a) | Name | Julian Bellamy | |||||||||
2 | Reason for the notification | ||||||||||
a) | Position/status | Managing Director, ITV Studios | |||||||||
b) | Initial notification/Amendment | Initial notification | |||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | ITV plc | |||||||||
b) | LEI | ZLECI7ED2QMWFGYCXZ59 | |||||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10 pence
ISIN: GB0033986497 | |||||||||
b) | Nature of the transaction | An award of shares under the DSA and ESP. | |||||||||
c) | Price(s) and volume(s) |
| |||||||||
d) | Aggregated information
|
| |||||||||
e) | Date of the transaction | 28 March 2024 | |||||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
a) | Name | Magnus Brooke | |||||||||
2 | Reason for the notification | ||||||||||
a) | Position/status | Director of Strategy, Policy and Regulatory Affairs | |||||||||
b) | Initial notification/Amendment | Initial notification | |||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | ITV plc | |||||||||
b) | LEI | ZLECI7ED2QMWFGYCXZ59 | |||||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10 pence
ISIN: GB0033986497 | |||||||||
b) | Nature of the transaction | An award of shares under the DSA and ESP. | |||||||||
c) | Price(s) and volume(s) |
| |||||||||
d) | Aggregated information
|
| |||||||||
e) | Date of the transaction | 28 March 2024 | |||||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Simon Farnsworth | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Chief Technology Officer | ||||||
b) | Initial notification/Amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | ITV plc | ||||||
b) | LEI | ZLECI7ED2QMWFGYCXZ59 | ||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10 pence
ISIN: GB0033986497 | ||||||
b) | Nature of the transaction | An award of shares under the ESP. | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information
|
| ||||||
e) | Date of the transaction | 28 March 2024 | ||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
a) | Name | Chris Kennedy | |||||||||
2 | Reason for the notification | ||||||||||
a) | Position/status | Group CFO and COO | |||||||||
b) | Initial notification/Amendment | Initial notification | |||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | ITV plc | |||||||||
b) | LEI | ZLECI7ED2QMWFGYCXZ59 | |||||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10 pence
ISIN: GB0033986497 | |||||||||
b) | Nature of the transaction | An award of shares under the DSA and ESP. | |||||||||
c) | Price(s) and volume(s) |
| |||||||||
d) | Aggregated information
|
| |||||||||
e) | Date of the transaction | 28 March 2024 | |||||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
a) | Name | Kevin Lygo | |||||||||
2 | Reason for the notification | ||||||||||
a) | Position/status | Managing Director, Media and Entertainment | |||||||||
b) | Initial notification/Amendment | Initial notification | |||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | ITV plc | |||||||||
b) | LEI | ZLECI7ED2QMWFGYCXZ59 | |||||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10 pence
ISIN: GB0033986497 | |||||||||
b) | Nature of the transaction | An award of shares under the DSA and ESP. | |||||||||
c) | Price(s) and volume(s) |
| |||||||||
d) | Aggregated information
|
| |||||||||
e) | Date of the transaction | 28 March 2024 | |||||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
a) | Name | Carolyn McCall | |||||||||
2 | Reason for the notification | ||||||||||
a) | Position/status | Chief Executive | |||||||||
b) | Initial notification/Amendment | Initial notification | |||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | ITV plc | |||||||||
b) | LEI | ZLECI7ED2QMWFGYCXZ59 | |||||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10 pence
ISIN: GB0033986497 | |||||||||
b) | Nature of the transaction | An award of shares under the DSA and ESP. | |||||||||
c) | Price(s) and volume(s) |
| |||||||||
d) | Aggregated information
|
| |||||||||
e) | Date of the transaction | 28 March 2024 | |||||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
a) | Name | Paul Moore | |||||||||
2 | Reason for the notification | ||||||||||
a) | Position/status | Group Communications & Corporate Affairs Director | |||||||||
b) | Initial notification/Amendment | Initial notification | |||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | ITV plc | |||||||||
b) | LEI | ZLECI7ED2QMWFGYCXZ59 | |||||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10 pence
ISIN: GB0033986497 | |||||||||
b) | Nature of the transaction | An award of shares under the DSA and ESP. | |||||||||
c) | Price(s) and volume(s) |
| |||||||||
d) | Aggregated information
|
| |||||||||
e) | Date of the transaction | 28 March 2024 | |||||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
a) | Name | Kyla Mullins | |||||||||
2 | Reason for the notification | ||||||||||
a) | Position/status | General Counsel and Company Secretary | |||||||||
b) | Initial notification/Amendment | Initial notification | |||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | ITV plc | |||||||||
b) | LEI | ZLECI7ED2QMWFGYCXZ59 | |||||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10 pence
ISIN: GB0033986497 | |||||||||
b) | Nature of the transaction | An award of shares under the DSA and ESP. | |||||||||
c) | Price(s) and volume(s) |
| |||||||||
d) | Aggregated information
|
| |||||||||
e) | Date of the transaction | 28 March 2024 | |||||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
a) | Name | David Osborn | |||||||||
2 | Reason for the notification | ||||||||||
a) | Position/status | Chief People Officer | |||||||||
b) | Initial notification/Amendment | Initial notification | |||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | ITV plc | |||||||||
b) | LEI | ZLECI7ED2QMWFGYCXZ59 | |||||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10 pence
ISIN: GB0033986497 | |||||||||
b) | Nature of the transaction | An award of shares under the DSA and ESP. | |||||||||
c) | Price(s) and volume(s) |
| |||||||||
d) | Aggregated information
|
| |||||||||
e) | Date of the transaction | 28 March 2024 | |||||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
a) | Name | Ade Rawcliffe | |||||||||
2 | Reason for the notification | ||||||||||
a) | Position/status | Group Director of Diversity and Inclusion | |||||||||
b) | Initial notification/Amendment | Initial notification | |||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | ITV plc | |||||||||
b) | LEI | ZLECI7ED2QMWFGYCXZ59 | |||||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10 pence
ISIN: GB0033986497 | |||||||||
b) | Nature of the transaction | An award of shares under the DSA and ESP. | |||||||||
c) | Price(s) and volume(s) |
| |||||||||
d) | Aggregated information
|
| |||||||||
e) | Date of the transaction | 28 March 2024 | |||||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
a) | Name | Kelly Williams | |||||||||
2 | Reason for the notification | ||||||||||
a) | Position/status | Managing Director, Commercial | |||||||||
b) | Initial notification/Amendment | Initial notification | |||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | ITV plc | |||||||||
b) | LEI | ZLECI7ED2QMWFGYCXZ59 | |||||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 10 pence
ISIN: GB0033986497 | |||||||||
b) | Nature of the transaction | An award of shares under the DSA and ESP. | |||||||||
c) | Price(s) and volume(s) |
| |||||||||
d) | Aggregated information
|
| |||||||||
e) | Date of the transaction | 28 March 2024 | |||||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||