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Long-Term Incentive Plan - 2017 Award

28th Sep 2017 16:24

RNS Number : 1500S
STV Group PLC
28 September 2017
 

STV Group plc

LEI 21380075G000TTBDNDJ58

Long-Term Incentive Plan - 2017 Award

28 September 2017

STV Group plc announces that it has today granted a total of 297,415 conditional nil cost share awards of 50p each to a total of 32 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 £3.645 per ordinary share (the closing share price on Wednesday 27 September 2017) and these 32 employees included the Chief Financial Officer, George Watt. Mr Watt was awarded 62,057 shares.

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 FY19

30%

£4.0m

£9.0m

TSR relative to the FTSE Small Cap Index

20%

Median

Upper quartile

Performance period for each metric commences on 1/1/17 and ends on 31/12/19

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
 
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