News

Director/PDMR Shareholding

Tagged in: RNS Announcements
Long-Term Incentive Plan – 2016 Awards

STV Group plc announces that it has today granted a total of 343,720 conditional nil cost share awards of 50p each to a total of 13 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 £3.67 per ordinary share (the closing share price on Wednesday 1 June 2016) and these 13 employees included the executive directors as follows:-
Director Shares Awarded
Rob Woodward
(Chief Executive)
107,725
George Watt
(Chief Financial Officer)
60,723

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 FY 18 30% £4.0m £9.0m
TSR relative to the FTSE Small Cap Index 20% Median Upper quartile

Performance period for each metric commences on 1/1/16 and ends on 31/12/18

Further enquiries:

Jane E A Tames
Company Secretary
STV Group plc
Tel: 0141 300 3074