This deed records that on [ ] STV Group PLC (the "Company") granted to [ ] an Option (the "Award") to subscribe for [ ] ordinary shares in the capital of the Company at a price of [ ]p per Share.
The rules of STV Group Share Plan 2026 (the "Plan") shall apply in relation to the Award as if were an Award granted under the Plan and the grantee were a Participant in the Plan except as varied by his deed.
A Holding Period will apply to Shares acquired on the exercise of the Option. Shares used to settle the Award shall be newly issued Shares.
References in the Plan relating to cessation of employment shall be construed as also referring to ceasing to hold an office with any Group Member and references to Individual Limit in Rule 4.1 shall be amended to be 300 per cent. of annual fees rather than 150 per cent. of base salary.
Words defined in the rules of the Plan shall have the same meaning in this deed except where the context requires otherwise.
EXECUTED as a DEED )by )
STV GROUP PLC )acting by: )
Signed | .................................... | Director |
Signed | .................................... | Director/Company Secretary |
Date of execution:………………………………..