ITV plc has announced that on 13 September 2023, employees were granted options under the ITV plc Sharesave Plan over ordinary shares of ITV plc with an exercise price of 56.37 pence. The Sharesave Plan is an all-employee scheme that allows eligible employees to participate in a three-year or five-year savings plan. The exercise of options on maturity is not dependent on performance criteria but is subject to the participant's continued employment.
Three persons discharging managerial responsibilities (PDMRs) were granted options under the scheme. Kyla Mullins, General Counsel and Company Secretary, was granted 32,907 options. Chris Kennedy, Director, Chief Operating Officer, and Chief Finance Officer, was also granted 32,907 options. Magnus Brooke, Director of Strategy, Policy, and Regulatory Affairs, was granted the same number of options.
The options granted to the PDMRs will not be exercisable until 1 November 2026. The transactions were conducted on the London Stock Exchange, Main Market (XLON).
For further information, please contact Investor Relations Pippa Foulds and Sarah Comfort, or Media Relations Paul Moore and Laura Wootton.