Last checked at 30 Sep 2015 12:02
STV Group Plc (the 'Company')
30 September 2015
Grant of options under sharesave scheme
On 30 September, the Company granted options over a total of 112,644 ordinary shares of 50p each in STV Group plc (the "Options").
The Options have been granted to participating employees under the rules of the STV Group plc Sharesave Scheme, an HMRC approved scheme introduced to encourage wider employee share ownership of the Company.
The Options are exercisable at a price of £4.02 per ordinary share, representing a discount of 10% to the market value of the Company's shares on the dealing day immediately prior to the date of invitation to apply for options (4 September 2015). The Options are exercisable from 1 November 2018 in accordance with the rules of the Scheme.
The grant of options represents 0.29% of the Company's existing issued share capital.
The Company also advises that 2,238 of the Options have been granted to Rob Woodward, Chief Executive Officer.
Further enquiries:
Jane E A Tames
Company Secretary, STV Group plc
Tel: 0141 300 3074