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2 Jun 2016 11:22
STV Group plc
Long-Term Incentive Plan - 2016 Awards
2 June 2016
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STV Group plc announces that it has today granted a total of 343,720 conditional nil cost share awards of 50p each to a total of 13 employees under the STV Group plc Long-Term Incentive Plan ("LTIP") which was approved by shareholders on 30 April 2015.
The awards were granted at a price of £3.67 per ordinary share (the closing share price on Wednesday 1 June 2016) and these 13 employees included the executive directors as follows:-
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Director |
Shares awarded |
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Rob Woodward | 107,725 |
(Chief Executive) |
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George Watt | 60,723 |
(Chief Financial Officer) |
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These will be released to the participants in at least three years time subject to their continued employment and the satisfaction of the following performance conditions:- | ||||||||||||||||||||||||
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Further enquiries: | ||||||||||||||||||||||||
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Jane E A Tames | ||||||||||||||||||||||||
Company Secretary | ||||||||||||||||||||||||
STV Group plc | ||||||||||||||||||||||||
Tel: 0141 300 3074 | ||||||||||||||||||||||||
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