STV Group PLC Long-Term Incentive Plan - 2017 Award (1500S)
29 September 2017 - 1:24AM
UK Regulatory
TIDMSTVG
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 GBP3.645
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:-
Threshold
vesting
(25% of
Performance conditions Weighting max) Max vesting
------------------------- ---------- ---------- ---------------
Growth in EPS 50% 7% 12%
------------------------- ---------- ---------- ---------------
Non-broadcast operating
profit in FY19 30% GBP4.0m GBP9.0m
------------------------- ---------- ---------- ---------------
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: 0141 300 3074
This information is provided by RNS
The company news service from the London Stock Exchange
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