STV Group PLC Director/PDMR Shareholding (4144T)

TIDMSTVG

RNS Number : 4144T

STV Group PLC

17 March 2023

 
 
 
 
                                                  STV Group plc 
                                          Director shareholding 
 
 
                                                  17 March 2023 
 
 
                                      LEI: 21380075GOOTTBDNDJ58 
 The following share awards were granted today, 17 March 2023, 
  at a price of 252 pence per ordinary share (the closing share 
  price on 16 March 2023): 
 
 
 
 
  2023 Long-term Incentive Plan 
 A total of 609,473 conditional nil cost share awards of 50p 
  each were granted under the STV Group plc Long-Term Incentive 
  Plan ("LTIP"). This plan was approved by shareholders on 29 
  April 2021. These were awarded to a total of eight employees, 
  including two executive directors as follows: 
 
 
 
   Simon Pitts, Chief Executive     172,142 shares 
   Lindsay Dixon, Chief Financial   96,994 shares 
    Officer 
 
 
 This plan will vest in three years 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       Maximum 
                                                                vesting         vesting 
                                                              (25% of max) 
    Earnings per share     Adjusted EPS in FY25      50%     37 pence per      44 pence 
          growth                                                 share         per share 
                          ----------------------  ---------  -------------  -------------- 
      Non-broadcast        Operating profit for      30%       GBP15.0m        GBP19.5m 
     operating profit         non-broadcast 
                            activities in FY25 
                          ----------------------  ---------  -------------  -------------- 
    Total shareholder     Ranked position of our     20%        Median      Upper quartile 
       return (TSR)         share price growth 
                          (including dividends) 
                          against FTSE Small Cap 
                                companies 
                          ----------------------  ---------  -------------  -------------- 
 
 
  2022 Deferred Bonus Plan 
 
 
 
 
  A total of 61,637 ordinary shares were granted to a total 
  of seven employees who are participants in the 2022 Deferred 
  Bonus Plan, including two executive directors as detailed 
  below. This plan was approved by shareholders on 29 April 
  2021. The shares will be released following a three-year holding 
  period: 
 
 
 
   Simon Pitts, Chief Executive             24,160 shares 
   Lindsay Dixon, Chief Financial Officer   11,424 shares 
 
 Further enquiries: 
 
 Eileen Malcolmson, Company Secretary, STV Group plc [e-mail] 
 
 
 
 

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March 17, 2023 11:06 ET (15:06 GMT)