TIDMSTVG

RNS Number : 5462E

STV Group PLC

11 March 2022

 
                                                    STV Group plc 
                                            Director shareholding 
                                                    11 March 2022 
                                        LEI: 21380075GOOTTBDNDJ58 
 The following share awards were granted today, 11 March 2022, 
  at a price of 320 pence per ordinary share (the closing share 
  price on 10 March 2022): 
  2022 Long-term Incentive Plan 
 A total of 471,267 conditional nil cost share awards of 50p 
  each under the STV Group plc Long-Term Incentive Plan ("LTIP") 
  which was approved by shareholders on 29 April 2021. These were 
  awarded to a total of nine employees, including two executive 
  directors as follows: 
   Simon Pitts, Chief Executive     134,937 shares 
   Lindsay Dixon, Chief Financial    75,758 shares 
    Officer 
 
 
  This plan will vest in three years 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       Calibration of targets    Weighting    Threshold    Maximum vesting 
        measure                                                 vesting 
                                                              (25% of max) 
     Earnings per        Annualised growth in        50%     4% per annum    10% per annum 
      share growth       EPS from FY21 to FY24 
                      --------------------------  ---------  -------------  --------------- 
     Non-broadcast       Operating profit for        30%       GBP15.0m        GBP19.5m 
       operating         non-broadcast in FY24 
         profit 
                      --------------------------  ---------  -------------  --------------- 
   Total shareholder    Ranked position of our       20%        Median      Upper quartile 
      return (TSR)        share price growth 
                              (including 
                       dividends) against FTSE 
                         Small Cap companies 
                      --------------------------  ---------  -------------  --------------- 
 
 2021 Deferred Bonus Plan 
  A total of 97,286 ordinary shares were granted to a total 
  of seven employees who are participants in the 2021 Deferred 
  Bonus Plan, including two executive directors as detailed 
  below. This plan was approved by shareholders on 29 April 
  2021. The shares will be released following a three-year holding 
  period and subject to the continued employment of the participants. 
   Simon Pitts, Chief Executive     37,828 shares 
   Lindsay Dixon, Chief Financial   17,928 shares 
    Officer 
 
 Further enquiries: 
 
 Jane E A Tames, Company Secretary, STV Group plc jane.tames@stv.tv

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