ITV PLC — Director's Dealing 2024

Mar 28, 2024

National Storage Mechanism | Additional information

RNS Number : 7786I

ITV PLC

28 March 2024

28 March 2024

ITV plc - Share Awards

In accordance with DTR 3.1.2, ITV announces details of the awards under the ITV Executive Share Plan (ESP) and ITV Deferred Share Award Plan (DSA) which were made on 28 March 2024 as set out below.

	DSA awards	ESP awards	ESP buy-out awards
Note a.	Note b.	Note c.
Julian Bellamy	311,015	672,379	n/a
Magnus Brooke	99,963	291,437	n/a
Simon Farnsworth	n/a	540,173	137,187
Chris Kennedy 1	307,683	1,149,160	n/a
Kevin Lygo	269,031	978,006	n/a
Carolyn McCall 1	469,122	1,891,759	n/a
Paul Moore	108,453	321,243	n/a
Kyla Mullins	183,395	435,289	n/a
David Osborn	129,594	366,753	n/a
Ade Rawcliffe	77,284	255,426	n/a
Kelly Williams	217,694	712,730	n/a

Notes:

a.              DSA - These awards were made as restricted shares and the amount awarded was based on the achievement of performance targets under annual bonus arrangements in respect of the period 1 January 2023 to 31 December 2023. Under the rules of the DSA the shares will not release until 28 March 2027.

b.            ESP - The awards are over nil-cost options that will vest and become exercisable on 28 March 2027, subject to the satisfaction of a performance underpin.  Awards to Executive Directors1 will vest on 28 March 2027 but will be subject to a further two-year holding period and become exercisable from 28 March 2029.  The Remuneration Committee retains full discretion to reduce vesting levels of the awards (including to nil), based on the performance of the Group over the period, taking into account all relevant factors.

c.             ESP buy-out - The award is over nil-cost options that will cliff vest in two equal tranches on 28 March 2025 and 28 March 2026.

The awards are over nil-cost options and were granted using a three-day average share price, which was 72.89 pence.

Further information can be found in the Remuneration report in the Annual Report and Accounts for the year ended 31 December 2023 available on the Company's website at www.itvplc.com/investors/results-centre

The below notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail on the transactions.

For further enquiries please contact:

Investor Relations

Pippa Foulds                    +447778 031097

Faye Dipnarine                 +442071 576581

Media Relations

Laura Wootton                     +442071 573056

LEI for ITV plc - ZLECI7ED2QMWFGYCXZ59

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

An award of shares under the DSA and ESP.

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
Award under DSA	Nil	311,015
Award under ESP	Nil	672,379

d)

Aggregated information

-	Aggregated volume
-	Price

983,394
Nil

e)

Date of the transaction

28 March 2024

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Magnus Brooke

2

Reason for the notification

a)

Position/status

Director of Strategy, Policy and Regulatory Affairs

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

An award of shares under the DSA and ESP.

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
Award under DSA	Nil	99,963
Award under ESOP	Nil	291,437

d)

Aggregated information

-	Aggregated volume
-	Price

391,400
Nil

e)

Date of the transaction

28 March 2024

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Simon Farnsworth

2

Reason for the notification

a)

Position/status

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

An award of shares under the ESP.

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
Award under ESP	Nil	677,360

d)

Aggregated information

-	Aggregated volume
-	Price

677,360
Nil

e)

Date of the transaction

28 March 2024

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Chris Kennedy

2

Reason for the notification

a)

Position/status

Group CFO and COO

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

An award of shares under the DSA and ESP.

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
Award under DSA	Nil	307,683
Award under ESP	Nil	1,149,160

d)

Aggregated information

-	Aggregated volume
-	Price

1,456,843
Nil

e)

Date of the transaction

28 March 2024

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

Managing Director, Media and Entertainment

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

An award of shares under the DSA and ESP.

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
Award under DSA	Nil	269,031
Award under ESP	Nil	978,006

d)

Aggregated information

-	Aggregated volume
-	Price

1,247,037
Nil

e)

Date of the transaction

28 March 2024

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Carolyn McCall

2

Reason for the notification

a)

Position/status

Chief Executive

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

An award of shares under the DSA and ESP.

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
Award under DSA	Nil	469,122
Award under ESP	Nil	1,891,759

d)

Aggregated information

-	Aggregated volume
-	Price

2,360,881
Nil

e)

Date of the transaction

28 March 2024

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Paul Moore

2

Reason for the notification

a)

Position/status

Group Communications & Corporate Affairs 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

An award of shares under the DSA and ESP.

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
Award under DSA	Nil	108,453
Award under ESP	Nil	321,243

d)

Aggregated information

-	Aggregated volume
-	Price

429,696
Nil

e)

Date of the transaction

28 March 2024

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

An award of shares under the DSA and ESP.

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
Award under DSA	Nil	183,395
Award under ESP	Nil	435,289

d)

Aggregated information

-	Aggregated volume
-	Price

618,684
Nil

e)

Date of the transaction

28 March 2024

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

Chief People 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

An award of shares under the DSA and ESP.

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
Award under DSA	Nil	129,594
Award under ESP	Nil	366,753

d)

Aggregated information

-	Aggregated volume
-	Price

496,347
Nil

e)

Date of the transaction

28 March 2024

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Ade Rawcliffe

2

Reason for the notification

a)

Position/status

Group Director of Diversity and Inclusion

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

An award of shares under the DSA and ESP.

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
Award under DSA	Nil	77,284
Award under ESP	Nil	255,426

d)

Aggregated information

-	Aggregated volume
-	Price

322,710
Nil

e)

Date of the transaction

28 March 2024

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

An award of shares under the DSA and ESP.

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
Award under DSA	Nil	217,694
Award under ESP	Nil	712,730

d)

Aggregated information

-	Aggregated volume
-	Price

930,424
Nil

e)

Date of the transaction

28 March 2024

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

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