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ITV PLC — Director's Dealing 2020
Apr 1, 2020
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Director's Dealing
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RNS Number : 3833I
ITV PLC
01 April 2020
ITV plc ("the Company")
Director/PDMR Shareholding
1 April 2020
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
The Company made awards over ordinary shares to PDMRs, who are members of the Management Board, under the ITV plc Long-Term Incentive Plan ("LTIP"), ITV plc Performance Share Plan ("PSP") and the ITV plc Deferred Share Award Plan ("DSA"). In accordance with the terms of the awards, the shares have been released as detailed below. The PDMRs have all elected to retain these released awards as shares, selling sufficient to satisfy income tax and NIC liability.
Released on 27 March 2020:
| PDMR | Date of Award | LTIP Awards Released | Total shares retained (post tax and NIC) |
| Kevin Lygo | 27 March 2015 | 101,586 | 53,840 |
Released on 30 March 2020:
| PDMR | Date of Award | DSA Awards Released | PSP Awards Released | Total DSA and PSP shares retained (post tax and NIC) |
| Kevin Lygo | 28 March 2017 | 99,905 | 359,700 | 243,590 |
| Julian Bellamy | 28 March 2017 | 85,067 | 329,725 | 219,839 |
| David Osborn | 28 March 2017 | 26,291 | 179,851 | 109,255 |
| Kelly Williams | 28 March 2017 | 53,896 | 245,796 | 158,836 |
| Rufus Radcliffe | 28 March 2017 | 15,211 | 101,741 | 61,984 |
| Mark Smith | 28 March 2017 | 18,374 | 51,208 | 36,878 |
| Kyla Mullins | 28 March 2019 (buy out award) |
- | 413,118 | 218,952 |
The below notifications, made in accordance with the requirements of the EU Market Abuse Regulation, gives further detail on the transactions.
For further details, please contact:
| Investor Relations | |
| Pippa Foulds Faye Dipnarine |
+44 20 7157 6555 or +44 7778 031097 +44 20 7157 6581 |
| Media Relations Paul Moore Grant Cunningham |
+44 7860 794444 +44 20 7157 3032 |
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Kevin Lygo
2
Reason for the notification
a)
Position/status
Director of Television
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
ITV plc
b)
LEI
ZLECI7ED2QMWFGYCXZ59
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 10 pence
ISIN: GB0033986497
b)
Nature of the transaction
A release of a restricted share award granted on 27 March 2015 under the ITV plc Long Term Incentive Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| Acquisition of shares on vesting of award | Nil | 101,586 |
| Sale of shares to satisfy income tax and NIC liability | 66.96p | 47,746 |
d)
Aggregated information
| - | Aggregated volume |
| - | Price |
Vesting
Volume 101,586
Price GBP Nil
Sale
Volume 47,746
Price GBP 66.96p
e)
Date of the transaction
27.03.2020
f)
Place of the transaction
London Stock Exchange, Main Market (XLON)
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Kevin Lygo
2
Reason for the notification
a)
Position/status
Director of Television
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
ITV plc
b)
LEI
ZLECI7ED2QMWFGYCXZ59
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 10 pence
ISIN: GB0033986497
b)
Nature of the transaction
A release of a restricted share awards granted on 28 March 2017 under the ITV plc Deferred Share Award Plan and the ITV plc Performance Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| Acquisition of shares on vesting of award | Nil | 459,605 |
| Sale of shares to satisfy income tax and NIC liability | 63.5832p | 216,015 |
d)
Aggregated information
| - | Aggregated volume |
| - | Price |
Vesting
Volume 459,605
Price GBP Nil
Sale
Volume 216,015
Price GBP 63.5832p
e)
Date of the transaction
30 March 2020
f)
Place of the transaction
London Stock Exchange, Main Market (XLON)
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Julian Bellamy
2
Reason for the notification
a)
Position/status
Managing Director, ITV Studios
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
ITV plc
b)
LEI
ZLECI7ED2QMWFGYCXZ59
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 10 pence
ISIN: GB0033986497
b)
Nature of the transaction
A release of a restricted share awards granted on 28 March 2017 under the ITV plc Deferred Share Award Plan and the ITV plc Performance Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| Acquisition of shares on vesting of award | Nil | 414,792 |
| Sale of shares to satisfy income tax and NIC liability | 63.5832p | 194,953 |
d)
Aggregated information
| - | Aggregated volume |
| - | Price |
Vesting
Volume 414,792
Price GBP Nil
Sale
Volume 194,953
Price GBP 63.5832p
e)
Date of the transaction
30.03.2020
f)
Place of the transaction
London Stock Exchange, Main Market (XLON)
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Kyla Mullins
2
Reason for the notification
a)
Position/status
General Counsel and Company Secretary
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
ITV plc
b)
LEI
ZLECI7ED2QMWFGYCXZ59
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 10 pence
ISIN: GB0033986497
b)
Nature of the transaction
A release of an award over nil-cost options granted on 28 March 2019 as part of buy-out arrangements on joining ITV. Sale of sufficient shares to fund income tax and national insurance liability.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| Acquisition of shares on vesting of award | Nil | 413,118 |
| Sale of all shares to satisfy income tax and NIC liability | 63.5832p | 194,166 |
d)
Aggregated information
| - | Aggregated volume |
| - | Price |
Vesting
Volume 413,118
Price GBP Nil
Sale
Volume 194,166
Price GBP 63.5832p
e)
Date of the transaction
30 March 2020
f)
Place of the transaction
London Stock Exchange, Main Market (XLON)
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
David Osborn
2
Reason for the notification
a)
Position/status
Group HR Director
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
ITV plc
b)
LEI
ZLECI7ED2QMWFGYCXZ59
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 10 pence
ISIN: GB0033986497
b)
Nature of the transaction
A release of a restricted share awards granted on 28 March 2017 under the ITV plc Deferred Share Award Plan and the ITV plc Performance Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| Acquisition of shares on vesting of award | Nil | 206,142 |
| Sale of all shares to satisfy income tax and NIC liability | 63.5832p | 96,887 |
d)
Aggregated information
| - | Aggregated volume |
| - | Price |
Vesting
Volume 206,142
Price GBP Nil
Sale
Volume 96,887
Price GBP 63.5832p
e)
Date of the transaction
30 March 2020
f)
Place of the transaction
London Stock Exchange, Main Market (XLON)
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Kelly Williams
2
Reason for the notification
a)
Position/status
Managing Director, Commercial
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
ITV plc
b)
LEI
ZLECI7ED2QMWFGYCXZ59
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 10 pence
ISIN: GB0033986497
b)
Nature of the transaction
A release of a restricted share awards granted on 28 March 2017 under the ITV plc Deferred Share Award Plan and the ITV plc Performance Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| Acquisition of shares on vesting of award | Nil | 299,692 |
| Sale of all shares to satisfy income tax and NIC liability | 63.5832p | 140,856 |
d)
Aggregated information
| - | Aggregated volume |
| - | Price |
Vesting
Volume 299,692
Price GBP Nil
Sale
Volume 140,856
Price GBP 63.5832p
e)
Date of the transaction
30 March 2020
f)
Place of the transaction
London Stock Exchange, Main Market (XLON)
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Rufus Radcliffe
2
Reason for the notification
a)
Position/status
Chief Marketing Officer & Director of Direct to Consumer
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
ITV plc
b)
LEI
ZLECI7ED2QMWFGYCXZ59
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 10 pence
ISIN: GB0033986497
b)
Nature of the transaction
A release of a restricted share awards granted on 28 March 2017 under the ITV plc Deferred Share Award Plan and the ITV plc Performance Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| Acquisition of shares on vesting of award | Nil | 116,952 |
| Sale of all shares to satisfy income tax and NIC liability | 63.5832p | 54,968 |
d)
Aggregated information
| - | Aggregated volume |
| - | Price |
Vesting
Volume 116,952
Price GBP Nil
Sale
Volume 54,968
Price GBP 63.5832p
e)
Date of the transaction
30 March 2020
f)
Place of the transaction
London Stock Exchange, Main Market (XLON)
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Mark Smith
2
Reason for the notification
a)
Position/status
Group Chief Technology Officer
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
ITV plc
b)
LEI
ZLECI7ED2QMWFGYCXZ59
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 10 pence
ISIN: GB0033986497
b)
Nature of the transaction
A release of a restricted share awards granted on 28 March 2017 under the ITV plc Deferred Share Award Plan and the ITV plc Performance Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| Acquisition of shares on vesting of award | Nil | 69,582 |
| Sale of all shares to satisfy income tax and NIC liability | 63.5832p | 32,704 |
d)
Aggregated information
| - | Aggregated volume |
| - | Price |
Vesting
Volume 69,582
Price GBP Nil
Sale
Volume 32,704
Price GBP 63.5832p
e)
Date of the transaction
30 March 2020
f)
Place of the transaction
London Stock Exchange, Main Market (XLON)
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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