STV Group PLC Director/PDMR Shareholding

RNS Number : 1825N

STV Group PLC

03 May 2024

 

STV Group plc LEI: 21380075GOOTTBDNDJ58 3 May 2024 Director shareholding

The following share award was granted today, 3 May 2024, at a price of 239.5 pence per ordinary share (the closing share price on 2 May 2024): ·  2024 Long-term Incentive Plan

A total of 489,120 conditional nil cost share awards of 50p each were granted under the STV Group plc Long-Term Incentive Plan.  This plan was approved by shareholders on 1 May 2024. These were awarded to a total of seven employees including executive director, Lindsay Dixon (129,436 shares).

 

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 measures Threshold vesting (25% of max) Maximum vesting (100%) Group EPS: CAGR in Adjusted EPS from FY23 to FY26  (40% weighting) 4% 10% Group margin: Adjusted Group Operating Margin in FY26 (20% weighting) 8% 13% Revenue growth in STV Studios and the Digital business: CAGR in Revenue from Digital and STV Studios from FY23 to FY26 (20% weighting) 15%   25% Relative total shareholder return: Ranked position of the Company's TSR against the constituents of the FTSE Small Cap Index (20% weighting) Median Upper quartile

Further enquiries:

Eileen Malcolmson, Company Secretary, STV Group plc                  [e-mail]

 

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