FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of
the Securities Exchange Act of 1934
For the month of August, 2009
04 August, 2009
BRITISH SKY BROADCASTING GROUP PLC
(Name of Registrant)
Grant Way, Isleworth, Middlesex, TW7 5QD England
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file
annual reports
under cover of Form 20-F or Form 40-F
Form 20-F
X Form 40-F
Indicate by check mark whether the registrant by
furnishing the information
contained in this Form is also thereby furnishing
the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934
Yes
No X
If "Yes" is marked, indicate below the file number assigned to the
registrant in
connection with Rule 12g3-2(b): Not Applicable
EXHIBIT INDEX
Exhibit
EXHIBIT NO. 1 Press release of British
Sky Broadcasting Group plc announcing LTIP vesting and Co-Investment
Plan released on 04 August, 2009
British Sky Broadcasting Group plc
LTIP vesting
and Co-Investment Plan
British Sky Broadcasting
Group plc ("BSkyB" or "the Company")
confirms the
August 2009
vesting of awards
previously
granted under its Long Term Incentive Plan and
Management Long Term Incentive Plan
.
As previously announced, the awards scheduled to
vest in August 2009 included awards granted to Directors of the Company in August
2006, July 2007, February 2008 and April 2008.
Following the satisfaction of certain performance
conditions
,
including targets relating to Sub
scriber Growth, Earnings Per Share
Growth
and Free Cash Flow
for the financial year ending 30 June 2009
and Total Shareholder Return for the period to
31 July 2009, 83% of the
relevant
awards vested.
On 3 August the Company received notification of the
following transactions.
On 3 August 2009, Jeremy Darroch exercised his
vested awards and subsequently disposed of 700,000 shares at
533
pence per share
. He r
etained 26,250 shares as a p
ersonal interest in the Company and now
holds a total of 86,250 shares in the
Company.
Also on 3 August 2009, Andrew Griffith
exercised his vested awards and subsequently disposed of 332,000 shares
at
533
pence per share.
Additionally,
both
Jeremy Darroch
and Andrew Griffith have
informed the Company of
their
intention to
purchase the maximum number of BSkyB
shares
permitted under the Company's Co-Investment Plan -
an
investment
equ
al
to 50% of
their
annual bonus
for 2008/09
.
In accordance with James Murdoch's service
agreement,
on 3 August 2009, the Company
elected to pay him a cash amount in lieu of
issuing the 913,000 shares that have vested.
Following the payment of 533
p
ence per share, James Murdoch's right to
the
relevant
award
s
lapsed.
The Company's Co-Investment LTIP scheme represents a
further step to align Executive Directors' and Senior Managers' remuneration with
shareholders' interests. Executives who participate in the plan will be granted a
conditional award of BSkyB shares. The matching shares will vest three years later
only if three-year adjusted EPS targets are met. The maximum investment eligible
for matching awards will be limited to an amount equivalent to 50% of the
individual's annual bonus.
Robert
Kingston
Tel:
020
7705 3726
Francesca
Pierce
Tel:
020
7705 3337
E-mail:
investor-relations@bskyb.com
Robert
Fraser
Tel:
020
7705 3036
Bella
Vuillermoz
Tel:
020
7800 2651
E-mail:
corporate.communications@bskyb.com
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
BRITISH SKY BROADCASTING GROUP PLC
Date: 04 August,
2009 By:
/s/ Dave Gormley
Dave Gormley
Company Secretary