The Vitec Group PLC Director/PDMR Shareholding (7946B)

TIDMVTC

RNS Number : 7946B

The Vitec Group PLC

06 April 2017

6 April 2017

THE VITEC GROUP PLC

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

Deferred Bonus Plan (DBP) - 2017 Awards

The Vitec Group plc ("the Company") announces that awards under the DBP have been made on 5 April 2017 following purchases of ordinary shares of 20 pence each by Directors and PDMRs. The shares were purchased at a price of GBP8.3095 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       Percentage      Current shareholding* 
                              of shares    of 2016 
                              purchased    annual bonus 
                              for 2017     deferred 
                              DBP Award 
----------  --------------  -----------  --------------  ---------------------- 
             Group 
 Stephen      Chief 
  Bird        Executive      13,344       50%             276,031 (27,300)** 
----------  --------------  -----------  --------------  ---------------------- 
             Group 
              Business 
 Martin       Development 
  Green       Director       4,203        30%             35,403 (8,466) 
----------  --------------  -----------  --------------  ---------------------- 
 Marco 
  Pezzana    PDMR            5,049        30%             39,004 (10,936) 
----------  --------------  -----------  --------------  ---------------------- 
 Jon 
  Bolton     PDMR            1,655        20%             28,580 (3,742) 
----------  --------------  -----------  --------------  ---------------------- 
 

* 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 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 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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April 06, 2017 05:07 ET (09:07 GMT)