The Options have been granted to participating employees under the rules of the STV Group plc Sharesave Scheme, an HMRC approved scheme introduced to encourage wider employee share ownership of the Company.
The Options are exercisable at a price of £3.49 per ordinary share, representing a discount of 10% to the market value of the Company's shares on the dealing day immediately prior to the date of invitation to apply for options (4 September 2017). The Options are exercisable from 1 November 2020 in accordance with the rules of the Scheme.
The grant of options represents 0.39% of the Company's existing issued share capital.
The Company also advises that 5,157 of the Options have been granted to George Watt, Chief Financial Officer.
Jane E A Tames
Company Secretary, STV Group plc
Tel: 0141 300 3074