The Vitec Group PLC Grant of Sharesave option (9670K)

TIDMVTC

RNS Number : 9670K

The Vitec Group PLC

27 September 2016

27 September 2016

The Vitec Group plc

Notification of Transactions by Directors and Persons Discharging Managerial Responsibilities (PDMRs)

The Vitec Group plc (the "Company") announces a grant of options over ordinary shares of 20 pence each under The Vitec Group 2011 Sharesave Scheme to a PDMR as set out below.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------------ 
 a)   Name 
                                   Martin Green 
---  -------------------------  --------------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------------ 
 a)   Position/status 
                                   Group Development and HR 
                                   Director 
---  -------------------------  --------------------------------------- 
 b)   Initial notification 
       /Amendment                  Initial notification 
---  -------------------------  --------------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------------ 
 a)   Name                       The Vitec Group plc 
---  -------------------------  --------------------------------------- 
 b)   LEI                        2138007H5DQ4X8YOCF14 
---  -------------------------  --------------------------------------- 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  ------------------------------------------------------------------ 
 a)   Description of 
       the financial               Ordinary shares of 20 pence 
       instrument, type            each ("ordinary shares") 
       of instrument 
                                   ISIN: GB0009296665 
       Identification 
       code 
---  -------------------------  --------------------------------------- 
 b)   Nature of the              Grant of option over ordinary 
       transaction                shares under The Vitec Group 
                                  2011 Sharesave Scheme 
---  -------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)             Volume(s) 
                                   -------------------  --------------- 
 
                                     485 pence (option    2,597 options 
                                     price) 
                                   -------------------  --------------- 
---  -------------------------  --------------------------------------- 
 d)   Aggregated information 
                                   N/A as single transaction 
 
       - Aggregated volume 
 
 
       - Price 
---  -------------------------  --------------------------------------- 
 e)   Date of the transaction    27 September 2016 
---  -------------------------  --------------------------------------- 
 f)   Place of the transaction   London 
---  -------------------------  --------------------------------------- 
 

The expected maturity date of this option is 1 November 2019.

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

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September 27, 2016 07:10 ET (11:10 GMT)