Stvg Regulatory News (STVG)

11 Apr 2008 11:00

SMG PLC11 April 2008 SMG plc (the "Company") Grant of Awards under the 2005 Long-Term Incentive Plan SMG plc announces that the Remuneration Committee has today granted the following conditional nil cost share awards to the Executive Directors andPersons Discharging Managerial Responsibilities under the SMG plc 2005Long-Term Incentive Plan (the "LTIP") approved by shareholders on 3 June 2005. In accordance with the rules of the LTIP, the awards were granted on 11 April 2008 at a price of £0.10 per Ordinary Share (the closing share price on the preceding dealing day) as follows: Director/PDMR No. Shares at a price of £0.10 per Ordinary Share Rob Woodward 7,600,000(Chief Executive) George Watt 4,284,000(Chief Financial Officer) Anmar Kawash 4,280,000(Director of Strategy and Planning) Robert Hain 1,450,000(Managing Director, Broadcasting) David Archer 1,450,000(Managing Director, stv Ventures) Elizabeth Partyka 1,300,000(Acting Managing Director, Content) Suzanne Burns 750,000(HR Director) David Connolly 1,250,000(Commercial Director) Alistair Brown 345,000(Head of New Media) The Ordinary Shares subject to LTIP awards will normally only be released tothe participants in three years time subject to their continued employment andthe satisfaction of performance conditions. The plan is based on two performance measures of equal value which will operateindependently over a three year performance period ("the Holding Period"): - 50% of the total award will be based on average annual Return on Capital Employed (ROCE): ROCE CALCULATION ROCE PERFORMANCE % OF AWARD