Director/PDMR Shareholding

RNS Number : 9318I

ITV PLC

06 April 2020

 

6 April 2020

ITV plc - Share Awards

In accordance with DTR 3.1.2, ITV announces details of the awards under the ITV Deferred Share Award Plan (DSA), ITV Performance Share Plan (PSP) and ITV Long-Term Incentive Plan (LTIP) which were made on 6 April 2020 as set out below.

The awards have been granted using a 30-day average share price (rather than the usual three-day average).  This does not change the Company's Remuneration Policy being proposed at the Company's 2020 AGM.

The Remuneration Committee retains full discretion to adjust final outcomes under the awards to ensure that they are warranted based on the performance of the Group over the period, taking into account all relevant factors.

	DSA awards	PSP awards	LTIP awards
	Note a.	Note b.	Note c.
Julian Bellamy	334,192	1,270,821	n/a
Chris Kennedy	389,111	n/a	2,171,954
Kevin Lygo	372,857	1,386,349	n/a
Carolyn McCall	692,767	n/a	3,575,495
Paul Moore	113,153	607,160	n/a
Kyla Mullins	238,039	822,711	n/a
David Osborn	131,819	693,176	n/a
Rufus Radcliffe	151,950	767,863	n/a
Mark Smith	123,910	691,078	n/a
Kelly Williams	254,024	947,339	n/a

Notes:

a  DSA - These awards were made as restricted shares and the amount awarded was based on the achievement of performance targets under annual bonus arrangements in respect of the period 1 January 2019 to 31 December 2019. Under the rules of the DSA the shares will not release until 6 April 2023.

b.  PSP - These awards were made as nil-cost options and are subject to achievement of performance conditions over the three-year period to 31 December 2022.  Awards will be exercisable from 6 April 2023 but any portion of the award that does not meet the performance conditions will lapse.

c.  LTIP - These awards were made as nil-cost options and are subject to the achievement of performance conditions over the three-year period to 31 December 2022. Any portion of the award that meets the performance conditions will be subject to a further two-year holding period and will become exercisable from 6 April 2025.  Any portion of the award that does not meet the performance conditions will lapse.

All awards were calculated using the average share price on the 30-days preceding the award date of 69.91p.

Further information can be found in the Remuneration report in the Annual Report and Accounts for the year ended 31 December 2019 available on the Company's website at www.itvplc.com/investors/results-centre

The below notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail on the transactions.

For further enquiries please contact:

Investor Relations Pippa Foulds Faye Dipnarine Media Relations Paul Moore Grant Cunningham

[phone] [phone] [phone] [phone]

LEI for ITV plc - ZLECI7ED2QMWFGYCXZ59

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Julian Bellamy
2	Reason for the notification
a)	Position/status	Managing Director, ITV Studios
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ITV plc
b)	LEI	ZLECI7ED2QMWFGYCXZ59
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10 pence ISIN: GB0033986497
b)	Nature of the transaction	An award of shares under the PSP and DSA.
c)	Price(s) and volume(s)	Price(s) Volume(s) Award under PSP Nil 1,270,821 Award under DSA Nil 334,192
d)	Aggregated information - Aggregated volume - Price	1,605,013 Nil
e)	Date of the transaction	6 April 2020
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Chris Kennedy
2	Reason for the notification
a)	Position/status	Group CFO
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ITV plc
b)	LEI	ZLECI7ED2QMWFGYCXZ59
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10 pence ISIN: GB0033986497
b)	Nature of the transaction	An award of shares under the LTIP and DSA.
c)	Price(s) and volume(s)	Price(s) Volume(s) Award under LTIP Nil 2,171,954 Award under DSAP Nil 389,111
d)	Aggregated information - Aggregated volume - Price	2,561,065 Nil
e)	Date of the transaction	6 April 2020
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Kevin Lygo
2	Reason for the notification
a)	Position/status	Director of Television
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ITV plc
b)	LEI	ZLECI7ED2QMWFGYCXZ59
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10 pence ISIN: GB0033986497
b)	Nature of the transaction	An award of shares under the PSP and DSA.
c)	Price(s) and volume(s)	Price(s) Volume(s) Award under PSP Nil 1,386,349 Award under DSA Nil 372,857
d)	Aggregated information - Aggregated volume - Price	1,759,206 Nil
e)	Date of the transaction	6 April 2020
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Carolyn McCall
2	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ITV plc
b)	LEI	ZLECI7ED2QMWFGYCXZ59
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10 pence ISIN: GB0033986497
b)	Nature of the transaction	An award of shares under the LTIP and DSA.
c)	Price(s) and volume(s)	Price(s) Volume(s) Award under LTIP Nil 3,575,495 Award under DSAP Nil 692,767
d)	Aggregated information - Aggregated volume - Price	4,268,262 Nil
e)	Date of the transaction	6 April 2020
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Paul Moore
2	Reason for the notification
a)	Position/status	Group Communications and Corporate Affairs Director
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ITV plc
b)	LEI	ZLECI7ED2QMWFGYCXZ59
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10 pence ISIN: GB0033986497
b)	Nature of the transaction	An award of shares under the PSP and DSA.
c)	Price(s) and volume(s)	Price(s) Volume(s) Award under PSP Nil 607,160 Award under DSA Nil 113,153
d)	Aggregated information - Aggregated volume - Price	720,313 Nil
e)	Date of the transaction	6 April 2020
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Kyla Mullins
2	Reason for the notification
a)	Position/status	General Counsel and Company Secretary
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ITV plc
b)	LEI	ZLECI7ED2QMWFGYCXZ59
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10 pence ISIN: GB0033986497
b)	Nature of the transaction	An award of shares under the PSP and DSA.
c)	Price(s) and volume(s)	Price(s) Volume(s) Award under PSP Nil 822,711 Award under DSA Nil 238,039
d)	Aggregated information - Aggregated volume - Price	1,060,750 Nil
e)	Date of the transaction	6 April 2020
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	David Osborn
2	Reason for the notification
a)	Position/status	Group HR Director
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ITV plc
b)	LEI	ZLECI7ED2QMWFGYCXZ59
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10 pence ISIN: GB0033986497
b)	Nature of the transaction	An award of shares under the PSP and DSA.
c)	Price(s) and volume(s)	Price(s) Volume(s) Award under PSP Nil 693,176 Award under DSA Nil 131,819
d)	Aggregated information - Aggregated volume - Price	824,995 Nil
e)	Date of the transaction	6 April 2020
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Rufus Radcliffe
2	Reason for the notification
a)	Position/status	Chief Marketing Officer & Director of Direct to Consumer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ITV plc
b)	LEI	ZLECI7ED2QMWFGYCXZ59
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10 pence ISIN: GB0033986497
b)	Nature of the transaction	An award of shares under the PSP and DSA.
c)	Price(s) and volume(s)	Price(s) Volume(s) Award under PSP Nil 767,863 Award under DSA Nil 151,950
d)	Aggregated information - Aggregated volume - Price	919,813 Nil
e)	Date of the transaction	6 April 2020
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mark Smith
2	Reason for the notification
a)	Position/status	Group Chief Technology Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ITV plc
b)	LEI	ZLECI7ED2QMWFGYCXZ59
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10 pence ISIN: GB0033986497
b)	Nature of the transaction	An award of shares under the PSP and DSA.
c)	Price(s) and volume(s)	Price(s) Volume(s) Award under PSP Nil 691,078 Award under DSA Nil 123,910
d)	Aggregated information - Aggregated volume - Price	814,988 Nil
e)	Date of the transaction	6 April 2020
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Kelly Williams
2	Reason for the notification
a)	Position/status	Managing Director, Commercial
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ITV plc
b)	LEI	ZLECI7ED2QMWFGYCXZ59
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 10 pence ISIN: GB0033986497
b)	Nature of the transaction	An award of shares under the PSP and DSA.
c)	Price(s) and volume(s)	Price(s) Volume(s) Award under PSP Nil 947,339 Award under DSA Nil 254,024
d)	Aggregated information - Aggregated volume - Price	1,201,363 Nil
e)	Date of the transaction	6 April 2020
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

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