Grant of options under sharesave scheme

RNS Number : 8586S

STV Group PLC

08 November 2019

 

STV Group Plc (the  'Company')

8 November 2019

 Grant of options under sharesave scheme

On 8 November, the Company granted options over a total of 147,079 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 £3.31 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 (14 October 2019). The Options are exercisable from 1 November 2022 in accordance with the rules of the Scheme.

The grant of options represents 0.38% of the Company's existing issued share capital. 

Further enquiries:

Jane E A Tames

Company Secretary, STV Group plc  

Tel: [phone]

 

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