Director/PDMR Shareholding

RNS Number : 8163J

STV Group PLC

05 July 2011

 



5 July 2011

STV Group plc

Director's Dealings / Grant of Options

STV Group plc announces the grant of options to certain employees under its Sharesave Scheme which was approved by shareholders at the Annual General Meeting held on 20 April 2011.

The terms of the scheme entitle all employees of the Company and its subsidiaries to be granted options to subscribe for shares in the Company in lieu of commitments made by the employees to save a fixed amount each month (subject to a £250 monthly cap). The scheme entitles the participants to receive a tax free bonus on their savings and offers them the option to use these savings to purchase ordinary shares in the Company, on a prescribed date in the future, at a 10 per cent discount to the middle market quotation on the 3 June 2011, the trading day prior to the invitation date.

Following the take-up of the invitations issued on 6 June 2011, the Board today resolved to grant options to 111 employees to subscribe for a total 329,788 ordinary shares in the Company at a price of 123p per share.

The undernoted PDMRs have applied to participate in the Scheme:

Name	Option Entitlement
Alistair Brown	7337
Suzanne Burns	7337
Alan Clements	2934
Robert Hain	2934
Elizabeth Partyka	7337
Peter Reilly	7337
Steven Walker	5869
Rob Woodward	7337
George Watt	7337

 

For further information:

Jane E A Tames

Company Secretary

0141 300 3074

 

END

 

 

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