REG - STV Group PLC - Director/PDMR Shareholding

STVAnnouncement

11/03/2022 14:30

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RNS Number : 5462E  STV Group PLC  11 March 2022

 STV Group plc

 Director
 shareholding

 11 March 2022

 LEI: 21380075GOOTTBDNDJ58

 The following share awards were granted today, 11 March 2022, at a price of
 320 pence per ordinary share (the closing share price on 10 March 2022):

 2022   Long-term Incentive Plan

 A total of 471,267 conditional nil cost share awards of 50p each under the STV
 Group plc Long-Term Incentive Plan ("LTIP") which was approved by shareholders
 on 29 April 2021. These were awarded to a total of nine employees, including
 two executive directors as follows:

Simon Pitts, Chief Executive            134,937 shares
 Lindsay Dixon, Chief Financial Officer  75,758 shares

 

 This plan will vest in three years subject to the continued employment of the
 participants and the satisfaction of the undernoted performance conditions and
 will be released following a further holding period of two years from the
 vesting date:

Performance measure             Calibration of targets                                                        Weighting  Threshold vesting  Maximum vesting

                                                              (25% of max)
 Earnings per share growth       Annualised growth in EPS from FY21 to FY24                                    50%        4% per annum       10% per annum
 Non-broadcast operating profit  Operating profit for non-broadcast in FY24                                    30%        £15.0m             £19.5m
 Total shareholder return (TSR)  Ranked position of our share price growth (including dividends) against FTSE  20%        Median             Upper quartile
                 Small Cap companies

 2021 Deferred Bonus Plan

 A total of 97,286 ordinary shares were granted to a total of seven employees
 who are participants in the 2021 Deferred Bonus Plan, including two executive
 directors as detailed below. This plan was approved by shareholders on 29
 April 2021. The shares will be released following a three-year holding period
 and subject to the continued employment of the participants.

Simon Pitts, Chief Executive            37,828 shares
 Lindsay Dixon, Chief Financial Officer  17,928 shares

 

 Further enquiries:

 Jane E A Tames, Company Secretary, STV Group
 plc                        jane.tames@stv.tv
 (mailto:jane.tames@stv.tv)

 

 

2021 Deferred Bonus Plan

 

A total of 97,286 ordinary shares were granted to a total of seven employees
who are participants in the 2021 Deferred Bonus Plan, including two executive
directors as detailed below. This plan was approved by shareholders on 29
April 2021. The shares will be released following a three-year holding period
and subject to the continued employment of the participants.

 

 Simon Pitts, Chief Executive            37,828 shares
 Lindsay Dixon, Chief Financial Officer  17,928 shares

 

 

 

 

Further enquiries:

 

Jane E A Tames, Company Secretary, STV Group
plc                        jane.tames@stv.tv
(mailto:jane.tames@stv.tv)

 

 

 

 

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