UTV Media PLC
Director Shareholdings
The Company announces the following transactions by the
Executive Directors of the Company.
Exercise of LTIP options
The Remuneration Committee has satisfied itself that share
awards granted in 2012 under the UTV Media plc 2006 Performance
Share Plan in the form of nil cost options over ordinary shares of
5 pence each in the Company
("Ordinary Shares") ("2012 LTIP Awards") have vested following
achievement of the performance criteria.
Following the vesting of the 2012 LTIP Awards, the Executive
Directors have exercised their 2012 LTIP Awards over the following
number of Ordinary Shares:
Executive Director |
Ordinary Shares to be acquired on
exercise of 2012 LTIP Awards |
Date of exercise of 2012 LTIP
Awards |
J McCann |
78,535 |
15 January 2016 |
S Taunton |
52,943 |
15 January 2016 |
N McKeown |
33,530 |
15 January 2016 |
Award of Deferred Bonus Shares
The Remuneration Committee has resolved that share awards
granted under the UTV Media plc Deferred Share Bonus Scheme
("Deferred Bonus Scheme") in respect of FY2014 in the form of
deferred Ordinary Shares ("Deferred Bonus Shares") should be
awarded to the Executive Directors in accordance with the terms of
the Deferred Bonus Scheme and the Company’s published remuneration
policy:
Executive Director |
Deferred Bonus Shares
awarded |
Date of award of 2014
Deferred Bonus Shares |
J McCann |
10,486 |
15 January 2016 |
S Taunton |
7,065 |
15 January 2016 |
N McKeown |
5,226 |
15 January 2016 |
The three aforementioned Executive Directors will be paying out
of their own resources the tax liabilities crystallising as a
result of the 2012 LTIP Awards and Deferred Bonus Shares. As a
result they have not sold any shares to cover tax liabilities
relating to either the 2012 LTIP Awards or Deferred Bonus
Shares.
Admission of New Ordinary Shares
The 2012 LTIP Awards and the award of the Deferred Bonus Shares
will be satisfied as soon as practicable following this
announcement by the transfer of Ordinary Shares from the UTV Media
plc Employee Benefit Trust ("EBT") to the Executive Directors in an
amount equal to the number Ordinary Shares over which the 2012 LTIP
Awards have been exercised and the number of Deferred Bonus Shares
awarded. The EBT has subscribed for 185,305 new Ordinary Shares in
order to satisfy the 2012 LTIP Awards (and awards made to other
participants in the LTIP scheme) and 33,069 new Ordinary Shares in
order to satisfy the award of the Deferred Bonus Shares (and awards
made to other participants in the Deferred Bonus Scheme) (together,
the "New Ordinary Shares").
Application has been made to the UK Listing Authority for the
New Ordinary Shares, which will rank pari passu in all respects
with the Company's existing Ordinary Shares, to be admitted to the
Official List maintained by the UK Listing Authority and to the
London Stock Exchange for the New Ordinary Shares to be admitted to
trading on its Main Market for listed securities, with dealings in
the New Ordinary Shares expected to commence on or around
20 January 2016.
Application has also been made to the regulation department of
the Irish Stock Exchange for the New Ordinary Shares to be admitted
to the Official List maintained by the regulation department of the
Irish Stock Exchange and to the Irish Stock Exchange for the New
Ordinary Shares to be admitted to trading on its Main Market for
listed securities, with dealings in the New Ordinary Shares
expected to commence on or around 20 January
2016.
Total Voting Rights
Following the issue of the New Ordinary Shares, the Company's
total issued share capital will consist of 96,120,902 Ordinary
Shares with one voting right per share. The Company does not hold
any Ordinary Shares in treasury. This updated figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the FCA's
Disclosure and Transparency Rules.
The total number and percentage of Ordinary Shares beneficially
held by the Executive Directors following this announcement has
increased and is now as follows:
Executive Director |
Total Ordinary Shares held
following satisfaction of 2012 LTIP Awards and award of Deferred
Bonus Shares |
J McCann |
644,874 0.671%% |
S Taunton |
403,357 0.420% |
N McKeown |
253,359 0.264% |
This notification is made in accordance with DTR 3.1.4R.
Name of contact and telephone number for queries:
Maeve
Donnelly, Communications Manager +44 28 90 262122
For and on behalf of UTV Media plc
Norman
McKeown
Group Finance Director & Company
Secretary
18 January
2016