30th May 2019 16:23
STV Group plc Director shareholding
30 May 2019
LEI: 21380075GOOTTBDNDJ58
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The following share awards were granted 29 May 2019:
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- 417,461 conditional nil cost share awards of 50p each to a total of ten employees under the STV Group plc Long-Term Incentive Plan ("LTIP") which was approved by shareholders on 26 April 2018.
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The awards were granted at a price of £3.63 per ordinary share (the closing share price on Tues 28 May 2019) and these ten employees included two executive directors as follows:- | |
Director |
Shares awarded |
Simon Pitts, Chief Executive Officer | 113,223 |
Lindsay Dixon, Chief Financial Officer | 63,567 |
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. | ||||||||||||||||||||||||
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Additionally, as previously announced on 11 December 2018, the final element of the buy-out of remuneration forfeited at his previous employer has been awarded to Simon Pitts. Mr Pitts was awarded 57,020 shares and has sold 27,425 shares to cover the tax and NIC liability arising on this award.
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Further enquiries: | ||||||||||||||||||||||||
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Jane E A Tames | ||||||||||||||||||||||||
Company Secretary | ||||||||||||||||||||||||
STV Group plc | ||||||||||||||||||||||||
Tel: 0141 300 3074 | ||||||||||||||||||||||||
Related Shares:
Stvg