Long-Term Incentive Plan - 2017 Award

RNS Announcement

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: 0141 300 3074

This information is provided by RNS

The company news service from the London Stock Exchange

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RNS metadata

Title: Long-Term Incentive Plan - 2017 Award
Time: 17:24:57
Date: 28 Sept 2017
Category: Miscellaneous
ID: 1500S