REG - ITV PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">ITV.L</Origin>

ITVAnnouncement

31/03/2016 11:05

RNS Number : 7059T
ITV PLC
31 March 2016
31March 2016
ITV plc (the "Company")
Share Award Releases
In accordance with DTR 3.1.2 the Companyannounces that awards made in March 2013 under the ITV Deferred Share Award Plan and ITV Performance Share Plan to certain directors and executives of the Company were released or exercised on 29 March 2016 as follows.
Directors 
Name 
Shares releasing under ITV Deferred Share Award Plan 
Options exercised 
under ITV Performance Share Plan 
Total number of shares sold (including to cover tax and NICs) at 2.409 
Total holding after event
Percentage of issued share capital 
Adam Crozier
346,228
468,485
814,713
2,241,233
0.0557%
Ian Griffiths
175,891
256,912
432,803
1,754,554
0.0436%
PDMRs
Name 
Shares releasing under ITV Deferred Share Award Plan 
Options exercised 
under ITV Performance Share Plan 
Total number of shares sold (including to cover tax and NICs) at 2.409 
Total holding after event 
Percentage of issued share capital 
Mary Fagan
48,744
93,271
66,748
350,467
0.0087%
Andrew Garard
102,096
220,843
151,782
1,503,074
0.0373%
Kevin Lygo
266,670
360,113
294,589
1,166,136
0.0290%
David Osborn
-
47,047
22,113
24,934
0.0006%
Simon Pitts
45,928
133,091
84,140
280,267
0.0070%
Kelly Williams
86,716
109,235
92,098
126,014
0.0031%
Details of the performance conditions that related to these awards can be found in the Remuneration Report in the 2013 Annual Report which is available at www.itvplc.com.
Share Awards
ITV Deferred Share Award Plan (the "DSA")
On 29 March 2016 certain directors and executives were granted awards over ordinary shares of the Company under the DSA. The awards were based on the achievement of performance targets under Annual Bonus arrangements in respect of the period from 1 January 2015 to 31 December 2015.
Directors and PDMRs of the Company received awards as restricted shares as set out below. Under the rules of the DSA the shares will not release until 29 March 2019.
Directors
Name 
Total shares awarded
Adam Crozier
219,406
Ian Griffiths
121,628
PDMRs 
Name 
Total shares awarded
Julian Bellamy
62,382
Mary Fagan
15,527
Andrew Garard
48,220
Kevin Lygo
101,983
David Osborn
32,313
Simon Pitts
41,605
Kelly Williams
74,794
ITV Long-Term Incentive Plan (the "LTIP")
On 29 March 2016 certain directors and executives were granted awards under the LTIP in the form of nil-cost options over ordinary shares of the Company. The number of options that will become exercisable is subject to the achievement of a financial performance gateway and stretching strategic performance conditions on the third anniversary of the date of grant, 29 March 2019. Any portion of the award that does not meet the performance conditions will lapse. Any portion of the award that meets the performance conditions will then be subject to holding periods.
Directors 
Name
Number of 
options awarded
Adam Crozier
878,481
Ian Griffiths
536,850
PDMRs 
Name 
Number of 
options awarded
Julian Bellamy
285,270
Mary Fagan
107,975
Andrew Garard
246,605
Kevin Lygo
373,444
David Osborn
171,162
Simon Pitts
204,150
Kelly Williams
170,125
ITV Savings-Related Share Option Scheme (the "Scheme")
On 30 March 2016 employees were granted options under the Scheme over ordinary shares of the Company with an exercise price of 187.79 pence.
The following PDMRs were granted options under the Scheme which will not be exercisable until 1 June 2019.
Name 
Number of 
options granted
David Osborn
3,384
Andrew Garard
4,792
For further information please refer to the Remuneration report in the Report and Accounts 2015 now available on the Company's website at www.itvplc.com/investors
For further enquiries please contact: 
Investor Relations
Pippa Foulds  Tel: 020 7157 6555 or 07778 031097
Media Relations
Mary FaganTel: 020 7157 3965 or 07736 786448
Mike Large Tel: 020 7157 3021 or 07768 261528
Website: www.itv.com; investor information: www.itvplc.com 

This information is provided by RNS
The company news service from the London Stock Exchange
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