16 Dec 2020 11:00
RNS Number : 8631I
STV Group PLC
16 December 2020
STV Group plc Director shareholding 16 December 2020 LEI: 21380075GOOTTBDNDJ58 |
The following share awards were granted 16 December 2020: |
- 539,255 conditional nil cost share awards of 50p each to a total of nine employees under the STV Group plc Long-Term Incentive Plan ("LTIP") which was approved by shareholders on 26 April 2018. |
The awards were granted at a price of £2.85 per ordinary share (the closing share price on Tuesday 15 December 2020) and these nine employees included two executive directors as follows:- |
Director | Shares awarded |
Simon Pitts, Chief Executive Officer | 147,095 |
Lindsay Dixon, Chief Financial Officer | 82,584 |
This award will vest in three years time 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 measure | Calibration of targets | Weighting | Threshold vesting (25% of max) | Maximum vesting (100% of maximum) | EPS | Annualised growth in adjusted EPS from FY19 to FY22 | 50% | 5% | 9% | Non-broadcast op profit | Operating profit for non-broadcast in FY22 | 30% | £8.5m | £12.5m | TSR | Ranked position of the Company's shareholder return (TSR) against the constituents of the FTSE Small Cap Index (3 mth average) | 20% | Median | Upper quartile |
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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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