The Vitec Group PLC 2016 DBP Awards (8412U)

TIDMVTC

RNS Number : 8412U

The Vitec Group PLC

11 April 2016

11 April 2016

THE VITEC GROUP PLC

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

Deferred Bonus Plan (DBP) - 2016 Awards

The Vitec Group plc ("the Company") announces that awards under the DBP have been made on 11 April 2016 following purchases of ordinary shares of 20 pence each by Directors and PDMRs. The shares were purchased at a price of GBP5.8925 and will be held by Capita Trustees Limited in a nominee capacity on behalf of the Directors and PDMRs for three years until vesting. There are no performance conditions or matching shares associated with these awards.

 
 Name        Position      Number       Amount of         Current shareholding* 
                            of shares    2015 annual 
                            purchased    bonus deferred 
                            to form      with which 
                            2016 DBP     shares were 
                            Award        purchased 
----------  ------------  -----------  ----------------  ---------------------- 
             Group 
 Stephen      Chief 
  Bird        Executive    4,716        50%               274,260 (42,269)** 
----------  ------------  -----------  ----------------  ---------------------- 
             Group 
 Paul         Finance 
  Hayes       Director     3,242        50%               82,706 (29,920) 
----------  ------------  -----------  ----------------  ---------------------- 
 Martin 
  Green      PDMR          1,486        30%               34,821 (12,851) 
----------  ------------  -----------  ----------------  ---------------------- 
 Marco 
  Pezzana    PDMR          3,175        30%               31,842 (10,378) 
----------  ------------  -----------  ----------------  ---------------------- 
 Jon 
  Bolton     PDMR          951          20%               28,181 (5,066) 
----------  ------------  -----------  ----------------  ---------------------- 
 

* The number in brackets refers to the number of ordinary shares purchased in the market with funds provided by the Executive Director or PDMR and which are 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 current shareholding also reflects shares held through a connected person.

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:

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

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April 11, 2016 11:18 ET (15:18 GMT)