REG - STV Group PLC - Director/PDMR Shareholding

STVAnnouncement

17/03/2023 15:15

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RNS Number : 4144T  STV Group PLC  17 March 2023

 STV Group plc

 Director
 shareholding

17 March 2023

LEI: 21380075GOOTTBDNDJ58
 The following share awards were granted today, 17 March 2023, at a price of
 252 pence per ordinary share (the closing share price on 16 March 2023):

2023 Long-term Incentive Plan
 A total of 609,473 conditional nil cost share awards of 50p each were granted
 under the STV Group plc Long-Term Incentive Plan ("LTIP").  This plan was
 approved by shareholders on 29 April 2021. These were awarded to a total of
 eight employees, including two executive directors as follows:

 Simon Pitts, Chief Executive            172,142 shares
 Lindsay Dixon, Chief Financial Officer  96,994 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       Adjusted EPS in FY25                                                          50%        37 pence per share  44 pence per share
 Non-broadcast operating profit  Operating profit for non-broadcast activities in FY25                         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

 2022 Deferred Bonus Plan

A total of 61,637 ordinary shares were granted to a total of seven employees
 who are participants in the 2022 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:

 Simon Pitts, Chief Executive            24,160 shares
 Lindsay Dixon, Chief Financial Officer  11,424 shares

 Further enquiries:

 Eileen Malcolmson, Company Secretary, STV Group plc
 Eileen.malcolmson@stv.tv (mailto:Eileen.malcolmson@stv.tv)

2022 Deferred Bonus Plan

A total of 61,637 ordinary shares were granted to a total of seven employees
who are participants in the 2022 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:

 Simon Pitts, Chief Executive            24,160 shares
 Lindsay Dixon, Chief Financial Officer  11,424 shares

Further enquiries:

Eileen Malcolmson, Company Secretary, STV Group plc
Eileen.malcolmson@stv.tv (mailto:Eileen.malcolmson@stv.tv)

 

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