Sign In
Last checked at 
3 Jun 2011 16:32
STV Group plc (the "Company")
NOTIFICATION OF DIRECTOR/PDMR SHAREHOLDING
In accordance with DTR 3, it is announced that, following the grant to Directors and employees of the Company of bonus share awards ("Bonus Shares") on 3 May 2011 (details of which are set out below), the following Directors and PDMRs have today sold part of their Bonus Shares to the STV Employee Benefit Trust ("EBT") details of which are set out below ("Sale Shares"). The Sale Shares were sold at a price of 137.0p per ordinary share of 50p each, being the mid-market price at the time of the disposal. The Sale Shares were disposed of by Directors and PDMRs primarily to cover tax, national insurance and associated costs of the Bonus Awards.
Total Bonus Shares issued | Sale Shares | Total holding of Ordinary Shares (including Bonus Shares) | % holding | |||
Directors: | ||||||
George Watt | 64,788 | 30,488 | 138,528 | 0.35% | ||
PDMRs | ||||||
Anmar Kawash | 64,717 | 64,717 | 130,677 | 0.33% | ||
Bobby Hain | 23,387 | 11,007 | 43,449 | 0.11% | ||
Elizabeth Partyka | 21,813 | 4,306 | 22,839 | 0.06% | ||
Suzanne Burns | 12,096 | 0 | 28,124 | 0.07% | ||
Peter Reilly | 36,559 | 21,599 | 15,000 | 0.04% | ||
Alistair Brown | 28,101 | 28,101 | 0 | 0 | ||
The nil cost bonus share awards were approved by STV's Remuneration committee in accordance with the terms of the STV Discretionary Performance Related Bonus Plan 2010 (the "Bonus Plan"), which received shareholder approval at the Annual General Meeting held on 20 April 2011.
In accordance with the rules of the Bonus Plan, the awards were granted on 3 May 2011 at a price of 124 pence per Ordinary 50p Share, being the closing share price on 31 December 2010.
It is intended that the EBT will hold the Ordinary Shares for the purpose of satisfying future performance related bonus and LTIP awards.
Both Rob Woodward, Chief Executive Officer, and Alan Clements, Director of Content, have agreed that they will not receive any payment of bonus earned in respect of 2010 but that this will be deferred for up to 24 months and paid wholly in shares with financial performance conditions relating to future financial performance applying to two thirds of their respective bonus payments.
Jane E A Tames
Company Secretary
STV Group plc
0141 300 3074
Follow the stocks
