REG - STV Group PLC - Director/PDMR Shareholding

STVAnnouncement

09/04/2025 15:15

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RNS Number : 3685E  STV Group PLC  09 April 2025

 STV Group plc

 LEI: 21380075GOOTTBDNDJ58

9 April 2025

Director shareholding
 The following share awards were granted today, 9 April 2025, at a price of
 153.5 pence per ordinary share (the closing share price on 8 April 2025):

 2025 Long-term Incentive Plan
 A total of 1,296,057 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 1 May 2024. These were awarded to a total of
 eight employees, including two executive directors as follows:

 

Rufus Radcliffe, Chief Executive                        420,195 shares
 Lindsay Dixon, Chief Financial & Operating Officer      285,179 shares

 This plan will vest in three years subject to the continued employment of the
 participants and the satisfaction of performance conditions and will be
 released following a further holding period of two years from the vesting
 date.
 2024 Deferred Bonus Plan
 A total of 101,504 ordinary shares were granted to a total of five employees
 who are participants in the 2024 Deferred Bonus Plan, including one executive
 director as detailed below. Rufus Radcliffe was eligible to receive a
 pro-rated bonus under this plan but decided to forego this in view of his
 relative short period of service in the role and the Company's focus on
 continued salary restraint as the 2025 salary award was determined. The shares
 will be released following a three year holding period:

 Lindsay Dixon, Chief Financial & Operating Officer      37,501 shares

Finally, in line with the recruitment section of our Remuneration Policy,
 Rufus Radcliffe has been granted an award of 38,972 shares, 15,377 of which
 vest immediately and the balance vesting in April 2026.  These are to
 compensate for the forfeiture of equity awards from his previous employment as
 a result of joining STV and mirror the value, vesting schedule and performance
 requirements of the forfeited awards.
 Further enquiries:

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

Finally, in line with the recruitment section of our Remuneration Policy,
Rufus Radcliffe has been granted an award of 38,972 shares, 15,377 of which
vest immediately and the balance vesting in April 2026.  These are to
compensate for the forfeiture of equity awards from his previous employment as
a result of joining STV and mirror the value, vesting schedule and performance
requirements of the forfeited awards.

Further enquiries:

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

 

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