ITV PLC — Remuneration Information 2019

Apr 1, 2019

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RNS Number : 6917U

ITV PLC

01 April 2019

1 April 2019

ITV plc

ITV Share Award Plans

In accordance with DTR 3.1.2 ITV announces details of recent share awards and releases/exercises in respect of its PDMRs as set out below.

Awards released

Awards made in March 2015 under the ITV Long-Term Incentive Plan (LTIP) and in March 2016 under the ITV Deferred Share Award Plan (DSA) were released as follows:

PDMR	Date of release/exercise	Options exercised under the LTIP	Awards released under the DSA	Shares sold (to cover tax and NICs)	Share price at date of sale	Total holding after both events	Percentage of issued share capital
Julian Bellamy	27/03/19	74,318		34,930	126.48p	153,905	0.00382%
29/03/19		62,382	29,320	126.66p
Kevin Lygo	27/03/19	101,586		47,746	126.48p	1,574,720	0.03912%
29/03/19		101,983	47,933	126.66p
David Osborn	27/03/19	27,610		12,977	126.48p	100,482	0.00250%
29/03/19		32,313	15,188	126.66p
Rufus Radcliffe	27/03/19	30,476		14,324	126.48p	114,701	0.00285%
29/03/19		12,538	5,893	126.66p
Mark Smith	29/03/19		23,341	10,971	126.66p	122,501	0.00304%
Kelly Williams	27/03/19	49,085		23,070	126.48p	284,284	0.00706%
29/03/19		74,794	35,154	126.66p

Transactions undertaken in London.

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

Awards made

On 28 March 2019 the following awards were made under the DSA, the ITV Performance Share Plan (PSP) and the LTIP as follows:

PDMR	DSA awards	PSP awards	LTIP awards
Note a.	Note b.	Note c.
Julian Ashworth	42,991	202,778	-
Julian Bellamy	166,028	687,570	-
Chris Kennedy	-	-	1,175,121
Kevin Lygo	210,213	750,075	-
Carolyn McCall	309,860	-	1,934,498
Paul Moore	29,855	219,000	-
Kyla Mullins	-	445,122	-
David Osborn	67,365	375,038	-
Rufus Radcliffe	70,678	375,038	-
Mark Smith	44,535	249,269	-
Kelly Williams	124,311	512,551	-

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 2018 to 31 December 2018. Under the rules of the DSA the shares will not release until 28 March 2022.

b.     PSP - These awards were made as nil-cost options and are subject to achievement of performance conditions over the three-year period to 31 December 2021.  Awards will be exercisable from 28 March 2022 but any portion of the award that does not meet the performance conditions will lapse.

c.     LTIP - These awards were made as for the PSP shown above.  In addition, any portion of the award that meets the performance conditions will be subject to a further two-year holding period and will become exercisable from 28 March 2024.  Any portion of the award that does not meet the performance conditions will lapse.

Buyout Arrangements

On 28 March 2019 the following awards were made to compensate for forfeited awards on leaving previous employers:

PDMR	Restricted Share Awards		Long term incentive awards
Award	Release date	Award	Release date	Award	Release date
Note a.		Note b.		Note c.
Julian Ashworth	19,890	22/06/2020	-	-	-	-
Chris Kennedy	166,179	28/03/2021	-	-	-	-
24,532	02/09/2021	-	-	-	-
147,187	02/09/2021	-	-	-	-
Carolyn McCall	-	-	1,520,249	28/03/2020	-	-
Kyla Mullins	122,991	02/09/2019	-	-	612,479	28/03/ 2020
24,333	19/12/2019	-	-	473,200	28/03/ 2021
50,965	19/12/2020	-	-	-	-
50,773	28/03/2022	-	-	-	-

a.      DSA - The awards were made as restricted shares in line with the rules of the DSA. 

b.      LTIP - The awards were made as nil cost options in line with the rules of the LTIP and subject to performance conditions over the period from 1 January 2018 to the relevant release date. Any portion of the award that meets the performance conditions will be subject to a holding period and will become exercisable from 19 December 2021. Any portion of the award that does not meet the performance conditions will lapse.

c.       PSP - The awards were made as nil cost options in line with the rules of the PSP and subject to performance conditions. Any portion of the award that does not meet the performance conditions will lapse.

Further information can be found in the Remuneration report in the Annual Report and Accounts for the year ended 31 December 2018 available on the Company's website at www.itvplc.com/investors/results-centre

For further enquiries please contact:

For further enquiries please contact:

Investor Relations

Pippa Foulds                         +44 20 7157 6555 or +44 7778 031097

Charlotte Parker                   +44 20 7156 6476

Media Relations

Paul Moore                           +44 7860 794444

Jenny Cummins                    +44 20 7157 3017

LEI for ITV plc - ZLECI7ED2QMWFGYCXZ59

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