STV GROUP PLC — Remuneration Information 2017

Oct 10, 2017

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 2422T

STV Group PLC

10 October 2017

STV Group Plc (the 'Company')

Grant of options under sharesave scheme

On 3 October, the Company granted options over a total of 154,332 ordinary shares of 50p each in STV Group plc (the "Options").

The Options have been granted to participating employees under the rules of the STV Group plc Sharesave Scheme, an HMRC approved scheme introduced to encourage wider employee share ownership of the Company.

The Options are exercisable at a price of £3.49 per ordinary share, representing a discount of 10% to the market value of the Company's shares on the dealing day immediately prior to the date of invitation to apply for options (4 September 2017). The Options are exercisable from 1 November 2020 in accordance with the rules of the Scheme.

The grant of options represents 0.39% of the Company's existing issued share capital. 

The Company also advises that 5,157 of the Options have been granted to George Watt, Chief Financial Officer.

Further enquiries:

Jane E A Tames

Company Secretary, STV Group plc 

Tel: 0141 300 3074

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEOKKDKABDDAKD