Directors Shareholding

UTV MEDIA PLC - Directors Shareholding

PR Newswire

London, January 18

UTV Media PLC

Director Shareholdings

The Company announces the following transactions by the Executive Directors of the Company.

Exercise of LTIP options

The Remuneration Committee has satisfied itself that share awards granted in 2012 under the UTV Media plc 2006 Performance Share Plan in the form of nil cost options over ordinary shares of 5 pence each in the Company ("Ordinary Shares") ("2012 LTIP Awards") have vested following achievement of the performance criteria.

Following the vesting of the 2012 LTIP Awards, the Executive Directors have exercised their 2012 LTIP Awards over the following number of Ordinary Shares:

Award of Deferred Bonus Shares

The Remuneration Committee has resolved that share awards granted under the UTV Media plc Deferred Share Bonus Scheme ("Deferred Bonus Scheme") in respect of FY2014 in the form of deferred Ordinary Shares ("Deferred Bonus Shares") should be awarded to the Executive Directors in accordance with the terms of the Deferred Bonus Scheme and the Company’s published remuneration policy:

The three aforementioned Executive Directors will be paying out of their own resources the tax liabilities crystallising as a result of the 2012 LTIP Awards and Deferred Bonus Shares. As a result they have not sold any shares to cover tax liabilities relating to either the 2012 LTIP Awards or Deferred Bonus Shares.

Admission of New Ordinary Shares

The 2012 LTIP Awards and the award of the Deferred Bonus Shares will be satisfied as soon as practicable following this announcement by the transfer of Ordinary Shares from the UTV Media plc Employee Benefit Trust ("EBT") to the Executive Directors in an amount equal to the number Ordinary Shares over which the 2012 LTIP Awards have been exercised and the number of Deferred Bonus Shares awarded. The EBT has subscribed for 185,305 new Ordinary Shares in order to satisfy the 2012 LTIP Awards (and awards made to other participants in the LTIP scheme) and 33,069 new Ordinary Shares in order to satisfy the award of the Deferred Bonus Shares (and awards made to other participants in the Deferred Bonus Scheme) (together, the "New Ordinary Shares").

Application has been made to the UK Listing Authority for the New Ordinary Shares, which will rank pari passu in all respects with the Company's existing Ordinary Shares, to be admitted to the Official List maintained by the UK Listing Authority and to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on its Main Market for listed securities, with dealings in the New Ordinary Shares expected to commence on or around 20 January 2016.

Application has also been made to the regulation department of the Irish Stock Exchange for the New Ordinary Shares to be admitted to the Official List maintained by the regulation department of the Irish Stock Exchange and to the Irish Stock Exchange for the New Ordinary Shares to be admitted to trading on its Main Market for listed securities, with dealings in the New Ordinary Shares expected to commence on or around 20 January 2016.

Total Voting Rights

Following the issue of the New Ordinary Shares, the Company's total issued share capital will consist of 96,120,902 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in treasury. This updated figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

The total number and percentage of Ordinary Shares beneficially held by the Executive Directors following this announcement has increased and is now as follows:

This notification is made in accordance with DTR 3.1.4R.

Name of contact and telephone number for queries:

Maeve Donnelly, Communications Manager +44 28 90 262122

For and on behalf of UTV Media plc

Norman McKeown

Group Finance Director & Company Secretary

18 January 2016