ITV PLC — Remuneration Information 2018

Mar 29, 2018

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RNS Number : 4470J

ITV PLC

29 March 2018

29 March 2018

ITV plc (the "Company")

ITV Share Award Plans

Releases

In accordance with DTR 3.1.2 ITV announces that awards made in March 2015 under the ITV Deferred Share Award Plan (the "DSA") and ITV Long-Term Incentive Plan ("LTIP") to PDMRs of the Company were released on 27 March 2018 as follows.

Name	Shares released under the DSA	Options exercised under the LTIP	Total number of shares sold (to cover tax and NICs) at 145.18p	Total holding after event	Percentage of issued share capital
Julian Bellamy	17,593	74,318	43,199	81,455	0.00200%
Andrew Garard	44,905	-	21,106	1,622,193	0.04030%
Ian Griffiths	112,186	-	52,728	1,314,012	0.03264%
Kevin Lygo	93,894	-	44,131	1,373,064	0.03411%
David Osborn	-	27,611	12,978	68,724	0.00171%
Rufus Radcliffe	12,356	30,476	20,132	91,904	0.00228%
Kelly Williams	55,764	49,085	49,280	218,629	0.00543%

Transactions undertaken in London.

No shares were sold other than to cover tax and NICs.

Buyout Arrangements

On 28 March 2018 the following PDMRs were granted awards in the form of restricted shares in line with the rules

of the DSA.  These awards were made to compensate for forfeited bonuses on leaving their previous employers.

Name	Number of shares granted	Release date
Carolyn McCall	160,406	17 December 2018
	54,293	19 December 2019
	209,049	28 March 2021
Julian Ashworth	11,277	20 June 2019
	5,446	22 June 2020
	16,216	28 March 2021

Share Awards

Name	(a)     Number of restricted shares granted under the DSA (based on a share price of 145.25p)	(b)   Number of options granted under the PSP (based on a share price of 145.25p)	(c)  Number of options granted under the LTIP (based on a share price of 145.25p)	(d)   Number of options granted under the SAYE
Julian Ashworth	-	172,118	-	-
Julian Bellamy	159,365	583,606	-	-
Andrew Garard	70,468	420,422	-	14,537
Ian Griffiths	291,882	-	995,134	-
Kevin Lygo	198,045	636,661	-	-
Carolyn McCall	-	-	1,641,997	-
David Osborn	62,534	318,331	-	2,907
Rufus Radcliffe	53,309	212,221	-	14,537
Kelly Williams	112,909	435,052	-	-

a.     DSA

On 28 March 2018 certain PDMRs were granted awards over ordinary shares of the Company under the DSA.  The awards were based on the achievement of performance targets under annual bonus arrangements in respect of the period from 1 January 2017 to 31 December 2017. Under the rules of the DSA the shares will not release until 28 March 2021.

b.     PSP

On 28 March 2018 certain PDMRs were granted awards under the Performance Share Plan (PSP) in the form of nil-cost options over ordinary shares of the Company. The number of options that will become exercisable will be subject to the achievement of stretching performance conditions, fully aligned with the future strategic plan, over the three-year period to 31 December 2020 and will become exercisable on 28 March 2021. Any portion of the award that does not meet the performance conditions will lapse.

c.     LTIP

On 28 March 2018 certain PDMRs were granted awards under the LTIP in the form of nil-cost options over ordinary shares of the Company. The number of options that will become exercisable will be subject to the achievement of stretching performance conditions, fully aligned with the future strategic plan, over the three-year period to 31 December 2020 and will vest on 28 March 2021. Any portion of the award that meets the performance conditions will be subject to a two-year holding period and will release on 28 March 2023.  Any portion that does not meet the performance conditions will lapse.

d.     Savings-Related Share Option Scheme

On 29 March 2018 certain PDMRs were granted options under the Scheme over ordinary shares of the Company with an exercise price of 123.82p that will not be exercisable until 1 June 2021. 

Further information can be found in the Remuneration report in the Annual Report and Accounts for the year ended 31 December 2017 available on the Company's website at www.itvplc.com/investors/results-centre

For further enquiries please contact:

Investor Relations

Pippa Foulds                         Tel: 020 7157 6555 or 07778 031097

Media Relations

Mike Large                              Tel: 020 7157 3021 or 07768 261528

LEI for ITV plc - ZLECI7ED2QMWFGYCXZ59

This information is provided by RNS

The company news service from the London Stock Exchange

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