29 March 2022
ITV plc - Share Awards
In accordance with DTR 3.1.2, ITV announces details of the awards under the ITV Executive Share Plan (ESP) and ITV Deferred Share Award Plan (DSA) which were made on 28 March 2022 as set out below.
| | DSA awards
| ESP awards |
| Note a.
| Note b.
| |
| Julian Bellamy | 282,913 | 475,764 |
| Magnus Brooke | 74,755 | 127,087 |
| Dan Colton | 65,231 | 120,490 |
| Chris Kennedy 1 | 367,120 | 813,126 |
| Kevin Lygo | 291,052 | 692,020 |
| Carolyn McCall 1 | 567,177 | 1,338,577 |
| Paul Moore | 111,412 | 227,306 |
| Kyla Mullins | 181,160 | 308,003 |
| David Osborn | 128,879 | 259,508 |
| Rufus Radcliffe | 170,509 | 287,469 |
| Ade Rawcliffe | 69,315 | 120,490 |
| Mark Smith | 121,234 | 258,723 |
| Kelly Williams | 220,795 | 630,395 |
Notes:
a DSA - These awards were made as restricted shares and the amount awarded was based on the achievement of performance targets under annual bonus arrangements in respect of the period 1 January 2021 to 31 December 2021. Under the rules of the DSA the shares will not release until 28 March 2025.
b. ESP - The awards are over nil-cost options that will vest and become exercisable on 28 March 2025, subject to the satisfaction of a performance underpin. Awards to Executive Directors1 will vest on 28 March 2025 but will be subject to a further two-year holding period and become exercisable from 28 March 2027. The Remuneration Committee retains full discretion to reduce vesting levels of the awards (including to nil), based on the performance of the Group over the period, taking into account all relevant factors.
ITV's standard practice is to use a 3-day trading average share price to calculate awards. In line with previous practice used to mitigate potential windfall gains, the Remuneration Committee has determined that for these awards the average share price over the 30-trading days preceding the award date of 96.17p would be used.
Further information can be found in the Remuneration report in the Annual Report and Accounts for the year ended 31 December 2021 available on the Company's website at www.itvplc.com/investors/results-centre
The below notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail on the transactions.
For further enquiries please contact:
| Investor Relations Pippa Foulds Faye Dipnarine
Media Relations Paul Moore Jenny Cummins |
+44 7778 031097 +44 20 7157 6581
+44 7860 794444 +44 7764 210742 |
LEI for ITV plc - ZLECI7ED2QMWFGYCXZ59
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
| a) | Name | Julian Bellamy | |||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | Managing Director, ITV Studios | |||||||||
| 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 | An award of shares under the ESP and DSA. | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information
|
| |||||||||
| e) | Date of the transaction | 28 March 2022 | |||||||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
| a) | Name | Magnus Brooke | |||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | Director of Policy and Regulatory Affairs | |||||||||
| 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 | An award of shares under the ESP and DSA. | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information
|
| |||||||||
| e) | Date of the transaction | 28 March 2022 | |||||||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
| a) | Name | Dan Colton | |||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | Group Strategy and Transformation Director | |||||||||
| 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 | An award of shares under the ESP and DSA. | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information
|
| |||||||||
| e) | Date of the transaction | 28 March 2022 | |||||||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||
| 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 and COO | |||||||||
| 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 | An award of shares under the LTIP and DSA. | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information
|
| |||||||||
| e) | Date of the transaction | 28 March 2022 | |||||||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
| a) | Name | Kevin Lygo | |||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | Managing Director, Media and Entertainment | |||||||||
| 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 | An award of shares under the ESP and DSA. | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information
|
| |||||||||
| e) | Date of the transaction | 28 March 2022 | |||||||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
| a) | Name | Carolyn McCall | |||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | Chief Executive | |||||||||
| 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 | An award of shares under the ESP and DSA. | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information
|
| |||||||||
| e) | Date of the transaction | 28 March 2022 | |||||||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
| a) | Name | Paul Moore | |||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | Group Communications & Corporate Affairs Director | |||||||||
| 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 | An award of shares under the ESP and DSA. | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information
|
| |||||||||
| e) | Date of the transaction | 28 March 2022 | |||||||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
| a) | Name | Kyla Mullins | |||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | General Counsel and Company Secretary | |||||||||
| 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 | An award of shares under the ESP and DSA. | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information
|
| |||||||||
| e) | Date of the transaction | 28 March 2022 | |||||||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
| a) | Name | David Osborn | |||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | Group HR Director | |||||||||
| 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 | An award of shares under the ESP and DSA. | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information
|
| |||||||||
| e) | Date of the transaction | 28 March 2022 | |||||||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
| a) | Name | Rufus Radcliffe | |||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | Managing Director, Streaming, Interactive and Data | |||||||||
| 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 | An award of shares under the ESP and DSA. | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information
|
| |||||||||
| e) | Date of the transaction | 28 March 2022 | |||||||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
| a) | Name | Ade Rawcliffe | |||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | Group Director of Diversity and Inclusion | |||||||||
| 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 | An award of shares under the ESP and DSA. | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information
|
| |||||||||
| e) | Date of the transaction | 28 March 2022 | |||||||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
| a) | Name | Mark Smith | |||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | Group Chief Technology Officer | |||||||||
| 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 | An award of shares under the ESP and DSA. | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information
|
| |||||||||
| e) | Date of the transaction | 28 March 2022 | |||||||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
| a) | Name | Kelly Williams | |||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | Managing Director, Commercial | |||||||||
| 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 | An award of shares under the ESP and DSA. | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information
|
| |||||||||
| e) | Date of the transaction | 28 March 2022 | |||||||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||
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