Share Name Share Symbol Market Type Share ISIN Share Description
Stv Group Plc LSE:STVG London Ordinary Share GB00B3CX3644 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50p -0.13% 389.00p 389.00p 397.00p 398.00p 389.00p 393.00p 3,890 12:02:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 125.9 1.9 4.2 92.6 153

STV Group PLC Grant of LTIP

30/05/2019 4:23pm

UK Regulatory (RNS & others)


RNS Number : 6579A


30 May 2019

 STV Group plc 
  Director shareholding 
  30 May 2019 
  LEI: 21380075GOOTTBDNDJ58 
  The following share awards were granted 29 May 2019: 
              *    417,461 conditional nil cost share awards of 50p each 
                   to a total of ten 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 GBP3.63 per ordinary share 
  (the closing share price on Tues 28 May 2019) and these ten 
  employees included two executive directors as follows:- 
  Director                                           Shares awarded 
 Simon Pitts, Chief Executive 
  Officer                                           113,223 
 Lindsay Dixon, Chief Financial 
  Officer                                           63,567 
 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 conditions 
                                                  vesting (25% 
                                     Weighting      of max)       Max vesting 
   Annualised growth in adjusted 
    EPS from FY18 to FY21                  50%              5%               9% 
                                    ----------  --------------  --------------- 
   Non-broadcast operating profit 
    in FY21                                30%         GBP8.0m         GBP12.0m 
                                    ----------  --------------  --------------- 
   TSR relative to the FTSE Small 
    Cap Index                              20%          Median   Upper quartile 
                                    ----------  --------------  --------------- 
   Performance period for each metric commences on 1/1/19 and 
    ends on 31/12/21 
  Additionally, as previously announced on 11 December 2018, the 
   final element of the buy-out of remuneration forfeited at his 
   previous employer has been awarded to Simon Pitts. Mr Pitts 
   was awarded 57,020 shares and has sold 27,425 shares to cover 
   the tax and NIC liability arising on this award. 
 Further enquiries: 
 Jane E A Tames 
 Company Secretary 
 STV Group plc 
 Tel: 0141 300 3074 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit



(END) Dow Jones Newswires

May 30, 2019 11:23 ET (15:23 GMT)

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