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VTC Videndum Plc

1,290.00
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Videndum Plc LSE:VTC London Ordinary Share Ordinary Shares
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,290.00 1,280.00 1,288.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

The Vitec Group PLC 2014 DBP award - vesting outcome (2127B)

31/03/2017 2:15pm

UK Regulatory


Videndum (LSE:VTC)
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TIDMVTC

RNS Number : 2127B

The Vitec Group PLC

31 March 2017

31 March 2017

THE VITEC GROUP PLC

Notification of Transactions of Directors and Persons Discharging Managerial Responsibility (PDMRs)

Deferred Bonus Plan - Vesting of 2014 DBP

The Vitec Group plc ("the Company") announces that the following transactions were undertaken by Directors and PDMRs in the ordinary shares of the Company on the dates indicated in the tables below:

-- sale and transfer of Core Awards and associated dividend shares under the Deferred Bonus Plan ("DBP") made in 2014; and

   --      lapsing of Matching Awards under the DBP made in 2014. 

The Company confirms that neither of the performance conditions associated with awards made on 31 March 2014 under the DBP reached threshold conditions for vesting and hence the Matching Awards under the DBP lapsed.

The sale of shares principally reflects the settlement of tax liabilities arising on vesting of the Core Award and associated dividend shares.

Stephen Bird, Group Chief Executive

 
 Transaction         Date                Total         Number    Number       Number    Price per 
                      of acquisition,     shares        of        of shares    of        share at 
                      sale                vested        shares    retained     awards    which associated 
                      or lapse            including     sold                   lapsed    dividend 
                                          dividend                                       shares were 
                                          shares                                         acquired 
                                                                                         and shares 
                                                                                         sold 
------------------  ------------------  ------------  --------  -----------  --------  ------------------ 
 Transfer 
  and sale 
  of Core 
  Award                                  30,901 
  shares                                  (of which 
  and acquisition                         28,313 
  of associated                           were Core 
  dividend           31 March             Award 
  shares              2017                shares)      15,452    15,449       -         GBP7.94 
------------------  ------------------  ------------  --------  -----------  --------  ------------------ 
 Lapse               31 March            -             -         -            28,313    n/a 
  of Matching         2017 
  Award 
------------------  ------------------  ------------  --------  -----------  --------  ------------------ 
 

Following the above transactions, Stephen Bird's holding is now 262,687 ordinary shares in the Company. This includes 13,956 ordinary shares purchased in the market with funds provided by Stephen Bird and held by Capita Trustees Limited, the Trustee used to hold shares in respect of awards made under The Vitec Group 2005 Deferred Bonus Plan and 2014 Deferred Bonus Plan. Stephen Bird's holding also includes 2,000 shares held by a connected person.

Paul Hayes, Group Finance Director

 
 Transaction         Date                Total         Number    Number       Number    Price per 
                      of acquisition,     shares        of        of shares    of        share at 
                      sale                vested        shares    retained     awards    which associated 
                      or lapse            including     sold                   lapsed    dividend 
                                          dividend                                       shares were 
                                          shares                                         acquired 
                                                                                         and shares 
                                                                                         sold 
------------------  ------------------  ------------  --------  -----------  --------  ------------------ 
 Transfer 
  and sale 
  of Core 
  Award                                  21,989 
  shares                                  (of which 
  and acquisition                         20,147 
  of associated                           were Core 
  dividend           31 March             Award 
  shares              2017                shares)      10,335    11,654       -         GBP7.94 
------------------  ------------------  ------------  --------  -----------  --------  ------------------ 
 Lapse               31 March            -             -         -            20,147    n/a 
  of Matching         2017 
  Award 
------------------  ------------------  ------------  --------  -----------  --------  ------------------ 
 

Following the above transactions, Paul Hayes' holding is now 74,213 ordinary shares in the Company. This includes 9,773 ordinary shares purchased in the market with funds provided by Paul Hayes and held by Capita Trustees Limited, the Trustee used to hold shares in respect of awards made under The Vitec Group 2005 Deferred Bonus Plan and 2014 Deferred Bonus Plan.

Martin Green, Group Business Development Director

 
 Transaction         Date                Total         Number    Number       Number    Price per 
                      of acquisition,     shares        of        of shares    of        share at 
                      sale                vested        shares    retained     awards    which associated 
                      or lapse            including     sold                   lapsed    dividend 
                                          dividend                                       shares were 
                                          shares                                         acquired 
                                                                                         and shares 
                                                                                         sold 
------------------  ------------------  ------------  --------  -----------  --------  ------------------ 
 Transfer 
  and sale 
  of Core 
  Award                                  9,373 
  shares                                  (of which 
  and acquisition                         8,588 
  of associated                           were Core 
  dividend           31 March             Award 
  shares              2017                shares)      4,406     4,967        -         GBP7.94 
------------------  ------------------  ------------  --------  -----------  --------  ------------------ 
 Lapse               31 March            -             -         -            8,588     n/a 
  of Matching         2017 
  Award 
------------------  ------------------  ------------  --------  -----------  --------  ------------------ 
 

Following the above transactions, Martin Green's holding is now 31,200 ordinary shares in the Company. This includes 4,263 ordinary shares purchased in the market with funds provided by Martin Green and held by Capita Trustees Limited, the Trustee used to hold shares in respect of awards made under The Vitec Group 2005 Deferred Bonus Plan and 2014 Deferred Bonus Plan.

Marco Pezzana, PDMR

 
 Transaction      Date of        Number of          Number of        Price per 
                   acquisition    shares acquired    awards lapsed    share at 
                   or lapse                                           which associated 
                                                                      dividend 
                                                                      shares were 
                                                                      acquired 
---------------  -------------  -----------------  ---------------  ------------------ 
 Transfer         31 March       4,901 (of          -                GBP7.94 
  of Core Award    2017           which 4,491 
  shares and                      were Core 
  acquisition                     Award shares) 
  of associated 
  dividend 
  shares 
---------------  -------------  -----------------  ---------------  ------------------ 
 Lapse of         31 March       -                  4,491            n/a 
  Matching         2017 
  Award 
---------------  -------------  -----------------  ---------------  ------------------ 
 

Following the above transactions, Marco Pezzana's holding is now 33,955 ordinary shares in the Company. This includes 5,887 ordinary shares purchased in the market with funds provided by Marco Pezzana and held by Capita Trustees Limited, the Trustee used to hold shares in respect of awards made under The Vitec Group 2005 Deferred Bonus Plan and 2014 Deferred Bonus Plan.

Jon Bolton, PDMR

 
 Transaction         Date                Total         Number    Number       Number    Price per 
                      of acquisition,     shares        of        of shares    of        share at 
                      sale                vested        shares    retained     awards    which associated 
                      or lapse            including     sold                   lapsed    dividend 
                                          dividend                                       shares were 
                                          shares                                         acquired 
                                                                                         and shares 
                                                                                         sold 
------------------  ------------------  ------------  --------  -----------  --------  ------------------ 
 Transfer 
  and sale 
  of Core 
  Award                                  3,251 
  shares                                  (of which 
  and acquisition                         2,979 
  of associated                           were Core 
  dividend           31 March             Award 
  shares              2017                shares)      1,528     1,723        -         GBP7.94 
------------------  ------------------  ------------  --------  -----------  --------  ------------------ 
 Lapse               31 March            -             -         -            2,979     n/a 
  of Matching         2017 
  Award 
------------------  ------------------  ------------  --------  -----------  --------  ------------------ 
 

Following the above transactions, Jon Bolton's holding is now 26,925 ordinary shares in the Company. This includes 2,087 ordinary shares purchased in the market with funds provided by Jon Bolton and held by Capita Trustees Limited, the Trustee used to hold shares in respect of awards made under The Vitec Group 2005 Deferred Bonus Plan and 2014 Deferred Bonus Plan.

Enquiries:

Jon Bolton

Group Company Secretary

020 8332 4600

A Snapshot of The Vitec Group

Vitec is a leading global provider of premium branded products and services to the fast changing and growing "image capture and sharing" market.

Vitec's customers include broadcasters, independent content creators, photographers and enterprises, and our activities comprise: design, manufacture and distribution of high performance products and software including camera supports, wireless systems, robotic camera systems, prompters, LED lights, mobile power, monitors and bags; and premium services including technical solutions, systems integration and equipment rental for TV production teams, film crews and enterprises.

We employ around 1,700 people across the world in ten different countries and are organised in two Divisions: Broadcast and Photographic.

The Vitec Group plc is listed on the London Stock Exchange with 2016 revenue of GBP376.2 million.

More information can be found at: www.vitecgroup.com.

LEI number: 2138007H5DQ4X8YOCF14

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUAAORBAAOOAR

(END) Dow Jones Newswires

March 31, 2017 09:15 ET (13:15 GMT)

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