Source - LSE Regulatory
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

 

+44 7778 031097

+44 20 7157 6581

Media Relations

 

Paul Moore

Jenny Cummins

 

 

+44 7860 794444

+44 7595 106670

 

 

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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