Grant of options under Sharesave scheme

RNS Number : 9891S

STV Group PLC

30 September 2014

 



STV Group Plc (the 'Company')                   

Grant of options under sharesave scheme

30 September 2014

On 30 September, the Company granted options over a total of 226,438 ordinary shares of 50p each in STV Group plc (the "Options").

The Options have been granted to participating employees under the rules of the STV Group plc Sharesave Scheme, an HMRC approved scheme introduced to encourage wider employee share ownership of the Company.

The Options are exercisable at a price of £3.38 per ordinary share, representing a discount of 10% to the market value of the Company's shares on the dealing day immediately prior to the date of invitation to apply for options (1 September 2014). The Options are exercisable from 1 November 2017 in accordance with the rules of the Scheme.

The grant of options represents 0.58% of the Company's existing issued share capital. 

The Company also advises that 2662 of the Options have been granted to Rob Woodward, Chief Executive Officer and 5325 to George Watt, Chief Financial Officer.

Ends

Enquiries:-  

STV Group plc

Jane E A Tames

Company Secretary, STV Group plc 

Tel: [phone]

 

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