Director/PDMR Shareholding

RNS Number : 6431C

ITV PLC

09 March 2011

 



9 March 2011

As disclosed and described in the Remuneration report of the 2010 Report Accounts published yesterday, certain directors and executives of the Company have been granted share awards as set out below.

ITV plc Deferred Share Award Plan (the "DSA")

On 8 March 2011 awards were made over ordinary shares of the Company under the DSA, based on the achievement of performance targets under Annual Bonus arrangements in respect of the period from 1 January 2010 to 31 December 2010 (or the proportion of the year employed by ITV).

The Annual Bonus is awarded one third as cash, one third as restricted shares under a Core Share Award (automatically deferred), and one third taken either in cash or voluntarily deferred into shares as a Voluntary Share Award.

Details of the awards are set out below.  The shares subject to this award will not release until 8 March 2014.

Directors of the Company

Name	Core Share Award	Voluntary Share Award	Total shares awarded
Adam Crozier	276,314	276,314	552,628
Ian Griffiths	203,478	203,478	406,956

PDMRs of the Company

Name	Core Share Award	Voluntary Share Award	Total shares awarded
Andy Doyle	65,660	65,660	131,320
Peter Fincham	251,697	251,697	503,394
Andrew Garard	105,421	105,421	210,842
Fru Hazlitt	82,075	82,075	164,150
Kevin Lygo	99,744	99,744	199,488
Simon Pitts	14,883	-	14,883

ITV Performance Share Plan (the "PSP")

On 8 March 2011 awards were granted as nil-cost options over ordinary shares of the Company under the PSP in the form of a Core Award and a Matching Award.  A Matching Award has been made on a 1 for 1 basis if the individual voluntarily deferred one third of their Annual Bonus in the form of a Voluntary Share Award (described above).

The options will become exercisable on the third anniversary of date of grant, 8 March 2014, subject to the achievement of performance conditions.  

Details of the awards are set out below.  

Directors of the Company

Name	Core PSP Award	Matching PSP Award	Total number of nil-cost options awarded
Adam Crozier	786,196	276,314	1,062,510
Ian Griffiths	431,140	203,478	634,618

PDMRs of the Company

Name	Core PSP Award	Matching PSP Award	Total number of nil-cost options awarded
Paul Dale	226,527	-	226,527
Andy Doyle	216,678	65,660	282,338
Mary Fagan	125,849	-	125,849
Peter Fincham	512,148	251,697	763,845
Andrew Garard	344,912	105,421	450,333
Fru Hazlitt	393,960	82,075	476,035
Kevin Lygo	492,450	99,744	592,194
Simon Pitts	82,075	-	82,075

For further information please refer to the Remuneration report in the The Report and Accounts 2010 now available on the Company's website at www.itvplc.com/investors/reports.

ITV plc

Tel: [phone]

For further enquiries please contact: 

Investor Relations

Pippa Foulds     020 7157 6555 or 07778 031097

Media Relations

Mary Fagan         020 7157 3965 or 07736 786448

Caroline Cook        020 7157 3709

James MacLeod   020 7157 3017

Tulchan Communications

Susanna Voyle  020 7353 4200

Website: www.itv.com; investor information: www.itvplc.com

 

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