Director/PDMR Shareholding

RNS Number : 6360I
ITV PLC
02 June 2014
 



ITV plc (the Company)

 

2 June 2014

 

ITV Long-Term Incentive Plan (the LTIP)

 

Following shareholder approval of the new LTIP at the AGM held on 14 May 2014, on 30 May awards were granted as nil-cost options over ordinary shares of the Company to a number of directors and senior executives.

 

Directors

 

Name

Number of

options  awarded

Adam Crozier

1,103,543

Ian Griffiths

674,387

 

PDMRs

 

Name

Number of

options  awarded

Mary Fagan

135,638

Peter Fincham

459,989

Andrew Garard

309,784

Fru Hazlitt

353,837

Kevin Lygo

442,296

Simon Pitts

204,360

 

The number of options that will become exercisable is subject to the achievement of a financial performance gateway and stretching strategic performance conditions on the third anniversary of the date of grant, 30 May 2017.   

 

Any portion of the award that does not meet the performance conditions will lapse.  50% of any portion of the award that meets the performance conditions will become immediately exercisable from May 2017.  The remaining 50% will be held for an additional one-year holding period and become exercisable in May 2018.

 

For further enquiries please contact: 

 

 

Media Relations

 

Mary Fagan                   020 7157 3965 or 07736 786448
Mike Large                    020 7157 3021 or 07768 261528

 

 

 

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

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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