REG - STV Group PLC - Director/PDMR Shareholding

STVAnnouncement

03/05/2024 10:30

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RNS Number : 1825N  STV Group PLC  03 May 2024

 STV Group plc

 LEI: 21380075GOOTTBDNDJ58

3 May 2024

Director
 shareholding
 The following share award was granted today, 3 May 2024, at a price of 239.5
 pence per ordinary share (the closing share price on 2 May 2024):

·  2024 Long-term Incentive Plan
 A total of 489,120 conditional nil cost share awards of 50p each were granted
 under the STV Group plc Long-Term Incentive Plan.  This plan was approved by
 shareholders on 1 May 2024.

These were awarded to a total of seven employees including executive director,
 Lindsay Dixon (129,436 shares).

 

 This plan will vest in three years subject to the continued employment of the
 participants and the satisfaction of the undernoted performance conditions and
 will be released following a further holding period of two years from the
 vesting date:

Performance measures                                                          Threshold vesting  Maximum vesting

                                        (25% of max)       (100%)
 Group EPS: CAGR in Adjusted EPS from FY23 to FY26  (40% weighting)            4%                 10%
 Group margin: Adjusted Group Operating Margin in FY26 (20% weighting)         8%                 13%
 Revenue growth in STV Studios and the Digital business: CAGR in Revenue from  15%                25%
 Digital and STV Studios from FY23 to FY26 (20% weighting)

 Relative total shareholder return: Ranked position of the Company's TSR       Median             Upper quartile
 against the constituents of the FTSE Small Cap Index (20% weighting)

 

 Further enquiries:
 Eileen Malcolmson, Company Secretary, STV Group
 plc                  Eileen.malcolmson@stv.tv
 (mailto:Eileen.malcolmson@stv.tv)

 

Further enquiries:

Eileen Malcolmson, Company Secretary, STV Group
plc                  Eileen.malcolmson@stv.tv
(mailto:Eileen.malcolmson@stv.tv)

 

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