11 Dec 2018 13:14
STV Group plc
LTIP/Deferred share Awards
LEI: 21380075GOOTTBDNDJ58
11 December 2018 |
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The following share awards have been granted today, 11 December 2018:
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- An award of 65,649 deferred shares to Simon Pitts representing the final element of incentive awards forfeited at his previous employer. Half of these shares will vest on 31 March 2019 and the remainder will vest in March 2020.
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- 348,025 conditional nil cost share awards of 50p each to a total of eight 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 £3.23 per ordinary share (the closing share price on Monday 10 December 2018) and these eight employees included one executive director as follows:-
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Director |
Shares awarded |
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Simon Pitts | 123,839 |
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(Chief Executive Officer) |
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These will be released to the participants in the form of deferred shares in three years time and following a further holding period of two years will vest subject to the continued employment of the participants 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 | ||||||||||||||||||||||||
Stvg (STVG)