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STV GROUP PLC Remuneration Information 2020
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 8631I
STV Group PLC
16 December 2020
| STV Group plc Director shareholding 16 December 2020 LEI: 21380075GOOTTBDNDJ58 |
|
| The following share awards were granted 16 December 2020: | |
| - 539,255 conditional nil cost share awards of 50p each to a total of nine employees under the STV Group plc Long-Term Incentive Plan ("LTIP") which was approved by shareholders on 26 April 2018. | |
| The awards were granted at a price of £2.85 per ordinary share (the closing share price on Tuesday 15 December 2020) and these nine employees included two executive directors as follows:- | |
| Director | Shares awarded |
| Simon Pitts, Chief Executive Officer | 147,095 |
| Lindsay Dixon, Chief Financial Officer | 82,584 |
This award will vest in three years time 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 (100% of maximum) |
| EPS | Annualised growth in adjusted EPS from FY19 to FY22 | 50% | 5% | 9% |
| Non-broadcast op profit | Operating profit for non-broadcast in FY22 | 30% | £8.5m | £12.5m |
| TSR | Ranked position of the Company's shareholder return (TSR) against the constituents of the FTSE Small Cap Index (3 mth average) | 20% | Median | Upper quartile |
Further enquiries:
Jane E A Tames
Company Secretary
STV Group plc
Tel: 0141 300 3074
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