3 May 2024 10:30
RNS Number : 1825N
STV Group PLC
03 May 2024
STV Group plc LEI: 21380075GOOTTBDNDJ58 3 May 2024 Director shareholding |
The following share award was granted today, 3 May 2024, at a price of 239.5 pence per ordinary share (the closing share price on 2 May 2024): · 2024 Long-term Incentive Plan |
A total of 489,120 conditional nil cost share awards of 50p each were granted under the STV Group plc Long-Term Incentive Plan. This plan was approved by shareholders on 1 May 2024. These were awarded to a total of seven employees including executive director, Lindsay Dixon (129,436 shares). |
This plan 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 measures | Threshold vesting (25% of max) | Maximum vesting (100%) | Group EPS: CAGR in Adjusted EPS from FY23 to FY26 (40% weighting) | 4% | 10% | Group margin: Adjusted Group Operating Margin in FY26 (20% weighting) | 8% | 13% | Revenue growth in STV Studios and the Digital business: CAGR in Revenue from Digital and STV Studios from FY23 to FY26 (20% weighting) | 15% | 25% | Relative total shareholder return: Ranked position of the Company's TSR against the constituents of the FTSE Small Cap Index (20% weighting) | Median | Upper quartile |
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Further enquiries: |
Eileen Malcolmson, Company Secretary, STV Group plc Eileen.malcolmson@stv.tv |
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