The VCP granted performance units which converted into nil-cost options over sufficient shares to deliver the participants’ share of the “Incentive Value”. This was based on the extent to which the average share price during December 2015 (the “Measurement Price”) exceeded certain thresholds. The award vested on 11 March 2016.
Accordingly, the Executive Directors have the right to exercise the following options as set out below by 11 March 2023.
|Directors:||Total nil-cost options granted|
Jane E A Tames
STV Group plc
0141 300 3074
16 March 2016