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VTC Videndum Plc

1,290.00
0.00 (0.00%)
Last Updated: 01:00:00
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 2013 Deferred Bonus Plan Award - Vesting outcome (6991U)

08/04/2016 4:39pm

UK Regulatory


Videndum (LSE:VTC)
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TIDMVTC

RNS Number : 6991U

The Vitec Group PLC

08 April 2016

8 April 2016

THE VITEC GROUP PLC

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

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

-- transfer of Core Awards and associated dividend shares under the Deferred Bonus Plan ("DBP") made in 2013; and

   --      lapsing of Matching Awards under the DBP made in 2013. 

The Company confirms that neither of the performance conditions associated with awards made on 8 April 2013 under the DBP reached threshold conditions for vesting and hence the Matching Awards under the DBP have lapsed. The performance conditions were based 50% on earnings per share growth and 50% on Total Shareholder Return performance compared to a comparator group.

Stephen Bird, Group Chief Executive

 
 Transaction        Date of        Number of          Number       Price per 
                     acquisition    shares acquired    of awards    share at 
                     or lapse                          lapsed       which associated 
                                                                    dividend 
                                                                    shares were 
                                                                    acquired 
-----------------  -------------  -----------------  -----------  ------------------ 
 Transfer           8 April        17,899 (of         -            GBP5.79 
  of Core            2016           which 15,969 
  Award shares                      were Core 
  and acquisition                   Award shares 
  of associated                     purchased 
  dividend                          with funds 
  shares                            from Stephen 
                                    Bird in 
                                    2013) 
-----------------  -------------  -----------------  -----------  ------------------ 
 Lapse of           8 April        -                  15,969       n/a 
  Matching           2016 
  Award 
-----------------  -------------  -----------------  -----------  ------------------ 
 

Following the above transactions, Stephen Bird's holding has increased to 269,544 ordinary shares in the Company. This includes 37,553 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.

Paul Hayes, Group Finance Director

 
 Transaction        Date of        Number of          Number       Price per 
                     acquisition    shares acquired    of awards    share at 
                     or lapse                          lapsed       which associated 
                                                                    dividend 
                                                                    shares were 
                                                                    acquired 
-----------------  -------------  -----------------  -----------  ------------------ 
 Transfer           8 April        12,381 (of         -            GBP5.79 
  of Core            2016           which 11,046 
  Award shares                      were Core 
  and acquisition                   Award shares 
  of associated                     purchased 
  dividend                          with funds 
  shares                            from Paul 
                                    Hayes in 
                                    2013) 
-----------------  -------------  -----------------  -----------  ------------------ 
 Lapse of           8 April        -                  11,046       n/a 
  Matching           2016 
  Award 
-----------------  -------------  -----------------  -----------  ------------------ 
 

Following the above transactions, Paul Hayes' holding has increased to 79,464 ordinary shares in the Company. This includes 26,678 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.

Marco Pezzana, PDMR

 
 Transaction        Date of        Number of          Number       Price per 
                     acquisition    shares acquired    of awards    share at 
                     or lapse                          lapsed       which associated 
                                                                    dividend 
                                                                    shares were 
                                                                    acquired 
-----------------  -------------  -----------------  -----------  ------------------ 
 Transfer           8 April        4,299 (of          -            GBP5.79 
  of Core            2016           which 3,836 
  Award shares                      were Core 
  and acquisition                   Award shares 
  of associated                     purchased 
  dividend                          with funds 
  shares                            from Marco 
                                    Pezzana 
                                    in 2013) 
-----------------  -------------  -----------------  -----------  ------------------ 
 Lapse of           8 April        -                  3,836        n/a 
  Matching           2016 
  Award 
-----------------  -------------  -----------------  -----------  ------------------ 
 

Following the above transactions, Marco Pezzana's holding has increased to 28,667 ordinary shares in the Company. This includes 7,203 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.

Martin Green, PDMR

 
 Transaction        Date of        Number of          Number       Price per 
                     acquisition    shares acquired    of awards    share at 
                     or lapse                          lapsed       which associated 
                                                                    dividend 
                                                                    shares were 
                                                                    acquired 
-----------------  -------------  -----------------  -----------  ------------------ 
 Transfer           8 April        4,098 (of          -            GBP5.79 
  of Core            2016           which 3,656 
  Award shares                      were Core 
  and acquisition                   Award shares 
  of associated                     purchased 
  dividend                          with funds 
  shares                            from Martin 
                                    Green in 
                                    2013) 
-----------------  -------------  -----------------  -----------  ------------------ 
 Lapse of           8 April        -                  3,656        n/a 
  Matching           2016 
  Award 
-----------------  -------------  -----------------  -----------  ------------------ 
 

Following the above transactions, Martin Green's holding has increased to 33,335 ordinary shares in the Company. This includes 11,365 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.

Jon Bolton, PDMR

 
 Transaction        Date of        Number of          Number       Price per 
                     acquisition    shares acquired    of awards    share at 
                     or lapse                          lapsed       which associated 
                                                                    dividend 
                                                                    shares were 
                                                                    acquired 
-----------------  -------------  -----------------  -----------  ------------------ 
 Transfer           8 April        1,651 (of          -            GBP5.79 
  of Core            2016           which 1,473 
  Award shares                      were Core 
  and acquisition                   Award shares 
  of associated                     purchased 
  dividend                          with funds 
  shares                            from Jon 
                                    Bolton in 
                                    2013) 
-----------------  -------------  -----------------  -----------  ------------------ 
 Lapse of           8 April        -                  1,473        n/a 
  Matching           2016 
  Award 
-----------------  -------------  -----------------  -----------  ------------------ 
 

Following the above transactions, Jon Bolton's holding has increased to 27,230 ordinary shares in the Company. This includes 4,115 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 global provider of premium branded products and services to the Broadcast and Photographic markets. Vitec is listed on the London Stock Exchange with 2015 revenue of GBP317.8 million.

The Group is organised in two Divisions:

(MORE TO FOLLOW) Dow Jones Newswires

April 08, 2016 11:39 ET (15:39 GMT)

The Broadcast Division designs, manufactures and distributes premium branded products for broadcasting, film and video production for broadcasters and independent content creators. It also provides premium services including equipment rental and technical solutions to TV production teams and film crews.

The Photographic Division designs, manufactures and distributes premium branded equipment for photographic and video cameras and provides dedicated solutions to professional and non-professional image takers.

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHFMGGDKRNGVZM

(END) Dow Jones Newswires

April 08, 2016 11:39 ET (15:39 GMT)

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