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Director/PDMR Shareholding

2nd Jun 2016 11:22

RNS Number : 0364A
STV Group PLC
02 June 2016
 

STV Group plc

 

Long-Term Incentive Plan - 2016 Awards

 

 

2 June 2016

 

 

 

STV Group plc announces that it has today granted a total of 343,720 conditional nil cost share awards of 50p each to a total of 13 employees under the STV Group plc Long-Term Incentive Plan ("LTIP") which was approved by shareholders on 30 April 2015.

 

The awards were granted at a price of £3.67 per ordinary share (the closing share price on Wednesday 1 June 2016) and these 13 employees included the executive directors as follows:-

 

 

Director

 

Shares awarded

 

Rob Woodward

107,725

(Chief Executive)

 

 

George Watt

60,723

(Chief Financial Officer)

 

 

These will be released to the participants in at least three years time subject to their continued employment and the satisfaction of the following performance conditions:-

 

 

 

 

 

Performance conditions

Weighting

Threshold vesting (25% of max)

Max vesting

Growth in EPS

50%

7%

12%

Non-broadcast operating profit in FY18

30%

£4.0m

£9.0m

TSR relative to the FTSE Small Cap Index

20%

Median

Upper quartile

Performance period for each metric commences on 1/1/16 and ends on 31/12/18

 

 

Further enquiries:

 

Jane E A Tames

Company Secretary

STV Group plc

Tel: 0141 300 3074

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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