REG - ITV PLC - Director/PDMR Shareholding

ITVAnnouncement

01/04/2019 14:30

RNS Number : 6917U
ITV PLC
01 April 2019
 


 
1 April 2019
 
ITV plc
 
ITV Share Award Plans
 
In accordance with DTR 3.1.2 ITV announces details of recent share awards and releases/exercises in respect of its PDMRs as set out below.
 
Awards released
 
Awards made in March 2015 under the ITV Long-Term Incentive Plan (LTIP) and in March 2016 under the ITV Deferred Share Award Plan (DSA) were released as follows:
 




PDMR


Date of release/exercise


Options exercised
under the LTIP
 


Awards released under the DSA


Shares sold (to cover tax and NICs)
 


Share price at date of sale


Total holding after both events


Percentage of issued share capital




Julian Bellamy


27/03/19


74,318


 


34,930


126.48p


153,905


0.00382%




29/03/19


 


62,382


29,320


126.66p




Kevin Lygo


27/03/19


101,586


 


47,746


126.48p


1,574,720


0.03912%




29/03/19


 


101,983


47,933


126.66p




David Osborn


27/03/19


27,610


 


12,977


126.48p


100,482


0.00250%




29/03/19


 


32,313


15,188


126.66p




Rufus Radcliffe


27/03/19


30,476


 


14,324


126.48p


114,701


0.00285%




29/03/19


 


12,538


5,893


126.66p




Mark Smith


29/03/19


 


23,341


10,971


126.66p


122,501


0.00304%




Kelly Williams


27/03/19


49,085


 


23,070


126.48p


284,284


0.00706%




29/03/19


 


74,794


35,154


126.66p




 
Transactions undertaken in London.
 
No shares were sold other than to cover tax and NICs.
 
Awards made
 
On 28 March 2019 the following awards were made under the DSA, the ITV Performance Share Plan (PSP) and the LTIP as follows:
 




PDMR


DSA awards
 


PSP awards


LTIP awards
 




Note a.
 


Note b.
 


Note c.




Julian Ashworth


42,991


202,778


-




Julian Bellamy


166,028


687,570


-




Chris Kennedy


-


-


1,175,121




Kevin Lygo


210,213


750,075


-




Carolyn McCall


309,860


-


1,934,498




Paul Moore


29,855


219,000


-




Kyla Mullins


-


445,122


-




David Osborn


67,365


375,038


-




Rufus Radcliffe


70,678


375,038


-




Mark Smith


44,535


249,269


-




Kelly Williams


124,311


512,551


-




 
Notes:
a.     DSA - These awards were made as restricted shares and the amount awarded was based on the achievement of performance targets under annual bonus arrangements in respect of the period 1 January 2018 to 31 December 2018. Under the rules of the DSA the shares will not release until 28 March 2022.
b.     PSP - These awards were made as nil-cost options and are subject to achievement of performance conditions over the three-year period to 31 December 2021.  Awards will be exercisable from 28 March 2022 but any portion of the award that does not meet the performance conditions will lapse.
c.     LTIP - These awards were made as for the PSP shown above.  In addition, any portion of the award that meets the performance conditions will be subject to a further two-year holding period and will become exercisable from 28 March 2024.  Any portion of the award that does not meet the performance conditions will lapse.
 
Buyout Arrangements
 
On 28 March 2019 the following awards were made to compensate for forfeited awards on leaving previous employers:
 




PDMR


Restricted Share Awards


Long term incentive awards




Award


Release date


Award


Release date


Award


Release date




Note a.


 


Note b.


 


Note c.


 




Julian Ashworth


19,890


22/06/2020


-


-


-


-




Chris Kennedy


166,179


28/03/2021


-


-


-


-




24,532


02/09/2021


-


-


-


-




147,187


02/09/2021


-


-


-


-




Carolyn McCall


-


-


1,520,249


28/03/2020


-


-




Kyla Mullins


122,991


02/09/2019


-


-


612,479


28/03/ 2020




24,333


19/12/2019


-


-


473,200


28/03/ 2021




50,965


19/12/2020


-


-


-


-




50,773


28/03/2022


-


-


-


-




 
a.      DSA - The awards were made as restricted shares in line with the rules of the DSA. 
b.      LTIP - The awards were made as nil cost options in line with the rules of the LTIP and subject to performance conditions over the period from 1 January 2018 to the relevant release date. Any portion of the award that meets the performance conditions will be subject to a holding period and will become exercisable from 19 December 2021. Any portion of the award that does not meet the performance conditions will lapse.
c.       PSP - The awards were made as nil cost options in line with the rules of the PSP and subject to performance conditions. Any portion of the award that does not meet the performance conditions will lapse.
 
Further information can be found in the Remuneration report in the Annual Report and Accounts for the year ended 31 December 2018 available on the Company's website at www.itvplc.com/investors/results-centre
 
For further enquiries please contact:
 
For further enquiries please contact:
 
Investor Relations
Pippa Foulds                         +44 20 7157 6555 or +44 7778 031097
Charlotte Parker                   +44 20 7156 6476
 
Media Relations
Paul Moore                           +44 7860 794444
Jenny Cummins                    +44 20 7157 3017
 
LEI for ITV plc - ZLECI7ED2QMWFGYCXZ59




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