Director/PDMR Shareholding

RNS Number : 8360K

ITV PLC

06 September 2021

 

6 September 2021

ITV plc ("the Company")

Director/PDMR Shareholding

On 28 March 2019 ITV made joining awards to Chris Kennedy, in line with the Remuneration Policy, for awards forfeited when he left his previous employer.

In accordance with the terms of those awards, the shares were released on 2 September 2021. 

Chris Kennedy sold sufficient shares to cover the income tax and national insurance liability and has retained the balance.

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

For further details, please contact:

Investor Relations
Pippa Foulds   Faye Dipnarine	[phone] [phone]
Media Relations Paul Moore Jenny Cummins	[phone] [phone]

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	A release of restricted share awards granted on 28 March 2019 as part of buy-out arrangements on joining ITV. Sale of sufficient shares to fund income tax and national insurance liability.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares on vesting of award Nil 171,719 Sale of shares to satisfy income tax and NIC liability 115.453p 80,708
d)	Aggregated information - Aggregated volume - Price	Vesting Volume 171,719 Price GBP Nil Sale Volume 80,708 Price GBP 115.453p
e)	Date of the transaction	2 September 2021
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

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