Long-Term Incentive Plan - 2017 Award

RNS Number : 1500S

STV Group PLC

28 September 2017

 

STV Group plc LEI 21380075G000TTBDNDJ58 Long-Term Incentive Plan - 2017 Award 28 September 2017

STV Group plc announces that it has today granted a total of 297,415 conditional nil cost share awards of 50p each to a total of 32 employees under the STV Group plc Long-Term Incentive Plan ("LTIP") which was approved by shareholders on 30 April 2015. The awards were granted at a price of £3.645 per ordinary share (the closing share price on Wednesday 27 September 2017) and these 32 employees included the Chief Financial Officer, George Watt. Mr Watt was awarded 62,057 shares.

These will be released to the participants in at least three years time subject to their continued employment and the satisfaction of the following performance conditions:-

Performance conditions Weighting Threshold vesting (25% of max) Max vesting Growth in EPS 50% 7% 12% Non-broadcast operating profit in FY19 30% £4.0m £9.0m TSR relative to the FTSE Small Cap Index 20% Median Upper quartile Performance period for each metric commences on 1/1/17 and ends on 31/12/19

Further enquiries:

Jane E A Tames

Company Secretary

STV Group plc

Tel: [phone]

 

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