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STV GROUP PLC Remuneration Information 2023
4659_def-14a_2023-03-17_75dda266-f97a-4006-baf3-772b33f05ed6.html
Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 4144T
STV Group PLC
17 March 2023
STV Group plc
Director shareholding
17 March 2023
LEI: 21380075GOOTTBDNDJ58
The following share awards were granted today, 17 March 2023, at a price of 252 pence per ordinary share (the closing share price on 16 March 2023):
2023 Long-term Incentive Plan
A total of 609,473 conditional nil cost share awards of 50p each were granted under the STV Group plc Long-Term Incentive Plan ("LTIP"). This plan was approved by shareholders on 29 April 2021. These were awarded to a total of eight employees, including two executive directors as follows:
| Simon Pitts, Chief Executive | 172,142 shares |
| Lindsay Dixon, Chief Financial Officer | 96,994 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 | Adjusted EPS in FY25 | 50% | 37 pence per share | 44 pence per share |
| Non-broadcast operating profit | Operating profit for non-broadcast activities in FY25 | 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 |
2022 Deferred Bonus Plan
A total of 61,637 ordinary shares were granted to a total of seven employees who are participants in the 2022 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:
| Simon Pitts, Chief Executive | 24,160 shares |
| Lindsay Dixon, Chief Financial Officer | 11,424 shares |
Further enquiries:
Eileen Malcolmson, Company Secretary, STV Group plc [email protected]
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