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STV GROUP PLC Director's Dealing 2022
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Director's Dealing
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National Storage Mechanism | Additional information 
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 Officer | 75,758 shares |
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 measure | Calibration of targets | Weighting | Threshold vesting (25% of max) |
Maximum vesting |
| Earnings per share growth | Annualised growth in EPS from FY21 to FY24 | 50% | 4% per annum | 10% per annum |
| Non-broadcast operating profit | Operating profit for non-broadcast in FY24 | 30% | £15.0m | £19.5m |
| Total shareholder return (TSR) | Ranked position of our share price growth (including dividends) against FTSE Small Cap companies | 20% | Median | Upper quartile |
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 Officer | 17,928 shares |
Further enquiries:
Jane E A Tames, Company Secretary, STV Group plc [email protected]
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