STV Group PLC Grant of Sharesave Options (4982L)
03 October 2016 - 11:02AM
UK Regulatory
TIDMSTVG
RNS Number : 4982L
STV Group PLC
03 October 2016
STV Group Plc (the 'Company')
3 October 2016
Grant of options under sharesave scheme
The Company today granted options over a total of 183,437
ordinary shares of 50p each in STV Group plc (the "Options").
The Options have been granted to participating employees under
the rules of the STV Group plc Sharesave Scheme, an HMRC approved
scheme introduced to encourage wider employee share ownership of
the Company.
The Options are exercisable at a price of GBP3.34 per ordinary
share, representing a discount of 10% to the market value of the
Company's shares on the dealing day immediately prior to the date
of invitation to apply for options (5 September 2016). The Options
are exercisable from 1 November 2019 in accordance with the rules
of the Scheme.
The grant of options represents 0.46% of the Company's existing
issued share capital.
Further enquiries:
Jane E A Tames
Company Secretary, STV Group plc
Tel: 0141 300 3074
This information is provided by RNS
The company news service from the London Stock Exchange
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October 03, 2016 06:02 ET (10:02 GMT)