REG - STV Group PLC - Grant of LTIP

STVAnnouncement

16/12/2020 11:00

RNS Number : 8631I
  
STV Group PLC
  
16 December 2020
  
 




STV Group plc 
Director shareholding                                                               

16 December 2020

LEI: 21380075GOOTTBDNDJ58






The following share awards were granted 16 December 2020:





-    539,255 conditional nil cost share awards of 50p each to a total of nine employees under the STV Group plc Long-Term Incentive Plan ("LTIP") which was approved by shareholders on 26 April 2018.





The awards were granted at a price of £2.85 per ordinary share (the closing share price on Tuesday 15 December 2020) and these nine employees included two executive directors as follows:-





Director 



Shares awarded 




Simon Pitts, Chief Executive Officer


147,095




Lindsay Dixon, Chief Financial Officer


82,584



 



This award will vest in three years time 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 (25% of max)


Maximum vesting (100% of maximum)




EPS


Annualised growth in adjusted EPS from FY19 to FY22


50%


5%


9%




Non-broadcast op profit


Operating profit for non-broadcast in FY22


30%


£8.5m


£12.5m




TSR


Ranked position of the Company's shareholder return (TSR) against the constituents of the FTSE Small Cap Index (3 mth average)


20%


Median


Upper quartile

















Further enquiries:









Jane E A Tames




Company Secretary




STV Group plc




Tel: 0141 300 3074



 

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