ITV plc Turnaround Plan Award

RNS Number : 3424D

ITV PLC

12 September 2008

 

12 September 2008

ITV plc Turnaround Plan (the 'Plan')

On 12 September 2008 ITV granted nil-cost options over ITV plc shares to the following PDMRs as shown:

Name	Number of nil cost options awarded
Lee Bartlett	4,058,117
Peter Fincham	4,959,920

The number of nil cost options awarded were calculated using 49.9p the closing price of ITV plc shares on 11 September 2008.

25% of the Award may vest (subject to the achievement of Total Shareholder Return 'TSR' performance) on 31 December 2009.  Any portion of that 25% that does not vest will lapse.  

The remaining 75% of the award may vest on 31 December 2011 based on achievement of TSR performance (25%) and four strategic targets (50%) split equally between Share of Commercial Impacts, Revenue Growth, EPS and Share Price. Any portion of that 75% that does not vest will lapse.

For further enquiries please contact: 

ITV plc 

Tel: [phone] 

Press enquiries 

Ruth Settle - Director of Corporate Communications 

Louise Evans - Head of Press - Financial and Commercial

Investor enquiries 

Christy Swords - Director of Investor Relations 

Pippa Strong - Head of Investor Relations 

Tulchan Communications 

Tel: [phone] 

Andrew Grant 

Susannah Voyle 

Lizzie Morgan 

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

 

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