The Vitec Group PLC Exercise of Sharesave option by PDMR (5423Z)

TIDMVTC

RNS Number : 5423Z

The Vitec Group PLC

15 March 2017

15 March 2017

THE VITEC GROUP PLC

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

Exercise of options under Sharesave Scheme

The Vitec Group plc ("the Company") announces that on 15 March 2017 the following option was exercised by a PDMR under The Vitec Group's 2011 International Sharesave Scheme.

 
 Name       Position   Number        Option    Resultant holding of 
                        of options    price     the Company's shares 
                        exercised     (per      following exercise of 
                        and shares    share)    Sharesave options 
                        retained 
---------  ---------  ------------  --------  -------------------------- 
 Marco      PDMR       656           GBP5.02   33,545 ordinary shares 
  Pezzana                                       (10,378 shares purchased 
                                                in the market using 
                                                funds supplied by Mr 
                                                Pezzana and held by 
                                                Capita Trustees Limited, 
                                                the Trustee used to 
                                                hold shares in respect 
                                                of awards made under 
                                                The Vitec Group 2005 
                                                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

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March 15, 2017 06:18 ET (10:18 GMT)