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

ITVAnnouncement

29/03/2017 15:41

RNS Number : 9266A
ITV PLC
29 March 2017
29 March 2017
ITV plc (the "Company")
Share Award Releases
In accordance with DTR 3.1.2 ITV announces that awards made in March 2014 under the ITV Deferred Share Award Plan (the "DSA") and ITV Performance Share Plan (the "PSP") to PDMRs of the Company were released or exercised on 28 March 2017 as follows.
Name 
Shares 
released
under DSA 
Options exercised 
under PSP 
Total number of shares sold (including to cover tax and NICs) at 2.098
Total holding after event
Percentage of issued share capital 
Adam Crozier
240,534
-
240,534
1,909,263
0.047
Ian Griffiths
122,269
-
122,269
1,254,554
0.031
Mary Fagan
18,637
-
8,760
255,689
0.006
Andrew Garard
55,936
-
26,290
1,532,720
0.038
Kevin Lygo
119,620
-
56,222
1,229,534
0.031
David Osborn
-
32,094
15,085
51,914
0.001
Simon Pitts
36,529
-
17,169
299,627
0.007
Kelly Williams
55,081
69,900
87,935
163,060
0.004
Details of the performance conditions that related to these awards can be found in the Remuneration Report in the 2014 Annual Report which is available at www.itvplc.com/investors/results-centre.
Share Awards
a. DSA
On 28 March 2017 certain PDMRs 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 2016 to 31 December 2016.
PDMRs received awards as restricted shares as set out below. Under the rules of the DSA the shares will not release until 28 March 2020.
b. PSP
On 28 March 2017 PDMRs were granted awards under the PSP 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 stretching strategic performance conditions over the three-year period to 31 December 2019 and will become exercisable on 28 March 2020. Any portion of the award that does not meet the performance conditions will lapse.
c. Awards made
Name 
Number of shares 
awarded under the DSA
Number of options 
awarded under the PSP
Adam Crozier
107,949
-
Ian Griffiths
60,472
-
Julian Bellamy
85,067
394,360
Mary Fagan
12,439
124,388
Andrew Garard
37,879
284,091
Kevin Lygo
99,905
430,211
David Osborn
26,291
215,106
Simon Pitts
35,278
235,182
Kelly Williams
53,896
293,978
 
For further information please refer to the Remuneration report in the Report and Accounts 2016 now available on the Company's website at www.itvplc.com/investors/results-centre.
For further enquiries please contact: 
Investor Relations
Pippa Foulds   Tel: 020 7157 6555 or 07778 031097
Media Relations
Mary Fagan Tel: 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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