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Grant of LTIP

16th Dec 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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