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Last checked at 
31 Mar 2016 11:00
31 March 2016
ITV plc (the "Company")
Share Award Releases
In accordance with DTR 3.1.2 the Company announces that awards made in March 2013 under the ITV Deferred Share Award Plan and ITV Performance Share Plan to certain directors and executives of the Company were released or exercised on 29 March 2016 as follows.
Directors
Name | Shares releasing under ITV Deferred Share Award Plan | Options exercised under ITV Performance Share Plan
| Total number of shares sold (including to cover tax and NICs) at £2.409 | Total holding after event | Percentage of issued share capital |
Adam Crozier | 346,228 | 468,485 | 814,713 | 2,241,233 | 0.0557% |
Ian Griffiths | 175,891 | 256,912 | 432,803 | 1,754,554 | 0.0436% |
PDMRs
Name | Shares releasing under ITV Deferred Share Award Plan | Options exercised under ITV Performance Share Plan
| Total number of shares sold (including to cover tax and NICs) at £2.409 | Total holding after event | Percentage of issued share capital |
Mary Fagan | 48,744 | 93,271 | 66,748 | 350,467 | 0.0087% |
Andrew Garard | 102,096 | 220,843 | 151,782 | 1,503,074 | 0.0373% |
Kevin Lygo | 266,670 | 360,113 | 294,589 | 1,166,136 | 0.0290% |
David Osborn | - | 47,047 | 22,113 | 24,934 | 0.0006% |
Simon Pitts | 45,928 | 133,091 | 84,140 | 280,267 | 0.0070% |
Kelly Williams | 86,716 | 109,235 | 92,098 | 126,014 | 0.0031% |
Details of the performance conditions that related to these awards can be found in the Remuneration Report in the 2013 Annual Report which is available at www.itvplc.com.
Share Awards
ITV Deferred Share Award Plan (the "DSA")
On 29 March 2016 certain directors and executives 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 2015 to 31 December 2015.
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 29 March 2019.
Directors
Name | Total shares awarded |
Adam Crozier | 219,406 |
Ian Griffiths | 121,628 |
PDMRs
Name | Total shares awarded |
Julian Bellamy | 62,382 |
Mary Fagan | 15,527 |
Andrew Garard | 48,220 |
Kevin Lygo | 101,983 |
David Osborn | 32,313 |
Simon Pitts | 41,605 |
Kelly Williams | 74,794 |
ITV Long-Term Incentive Plan (the "LTIP")
On 29 March 2016 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, 29 March 2019. 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 | 878,481 |
Ian Griffiths | 536,850 |
PDMRs
Name | Number of options awarded |
Julian Bellamy | 285,270 |
Mary Fagan | 107,975 |
Andrew Garard | 246,605 |
Kevin Lygo | 373,444 |
David Osborn | 171,162 |
Simon Pitts | 204,150 |
Kelly Williams | 170,125 |
ITV Savings-Related Share Option Scheme (the "Scheme")
On 30 March 2016 employees were granted options under the Scheme over ordinary shares of the Company with an exercise price of 187.79 pence.
The following PDMRs were granted options under the Scheme which will not be exercisable until 1 June 2019.
Name | Number of options granted |
David Osborn | 3,384 |
Andrew Garard | 4,792 |
For further information please refer to the Remuneration report in the Report and Accounts 2015 now available on the Company's website at www.itvplc.com/investors
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
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