STV Group PLC Director/PDMR Shareholding (1113D)

TIDMSTVG

RNS Number : 1113D

STV Group PLC

26 January 2018

STV Group plc

Director Shareholding

26 January 2018

LEI: 21380075GOOTTBDNDJ58

STV Group plc announces that it has today made the following awards to Simon Pitts further to his appointment as Chief Executive Officer in compensation for the incentive awards forfeited at his previous employer:

   --           An award of 9,589 fully vested shares on appointment; 

-- An award of 129,796 deferred shares, granted in the form of conditional nil-cost share awards under the STV Group plc Long-Term Incentive Plan ("LTIP"), vesting in phases over the period to 2021;

-- An LTIP award of 210,662 shares, granted in the form of conditional nil-cost share awards which will, subject to the satisfaction of the performance conditions set out below, vest in March 2020.

The awards were granted at a price of 309.5 pence per ordinary share (the closing share price on 25 January 2018).

 
                           Weighting  Threshold       Max 
  Performance conditions               vesting       vesting 
-------------------------  ---------  ---------  -------------- 
Growth in EPS                 50%        7%           12% 
-------------------------  ---------  ---------  -------------- 
Non-broadcast operating       30%      GBP4.0m      GBP9.0m 
 profit in FY 19 
-------------------------  ---------  ---------  -------------- 
TSR relative to the FTSE      20%      Median    Upper quartile 
 Small Cap Index 
-------------------------  ---------  ---------  -------------- 
 

Performance period for each metric commences on 1/1/17 and ends on 31/12/19

Ends

Further enquiries:-

Jane E A Tames, Company Secretary, STV Group plc

Tel: [phone]

Ellen Drummond, PR & Communications Manager, STV Group plc

Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 26, 2018 11:34 ET (16:34 GMT)