Vitec Group PLC (The) Director/PDMR Shareholding (9731I)

TIDMVTC

RNS Number : 9731I

Vitec Group PLC (The)

07 April 2020

7 April 2020

THE VITEC GROUP PLC

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

Deferred Bonus Plan - Vesting of 2017 Awards

The Vitec Group plc ("the Company") announces that the following transactions were undertaken by Directors and PDMRs in the ordinary shares of the Company on 6 April 2020 in connection with the maturity of the 2017 Deferred Bonus Plan ("DBP"). In summary, for the 2017 DBP, each Director or PDMR deferred a proportion of their 2016 annual cash bonus into the DBP. The deferred bonus was used to purchase shares in the Company at a price of GBP8.3095 per share ("DBP award shares") that were held in the Employee Trust for a three-year deferral period. No performance conditions are attached to the DBP award shares and dividends paid during the deferral period on the DBP award shares have been automatically reinvested in additional dividend shares. There are no matching award shares that can be earned on the DBP award shares.

Stephen Bird, Group Chief Executive

 
 Transaction          Date of     Total shares        Number       Price per share 
                       transfer    vested including    of shares    at which associated 
                                   dividend            retained     dividend shares 
                                   shares                           were acquired 
 Transfer             6 April     15,355 (of          15,355       GBP6.44 
  of DBP award         2020        which 13,344 
  shares (including                were DBP 
  associated                       award shares) 
  dividend 
  shares) 
                     ----------  ------------------  -----------  --------------------- 
 

Following the above transaction, Stephen Bird's holding is now 273,657 ordinary shares in the Company. This includes 30,771 ordinary shares purchased in the market with funds provided by Stephen Bird and held by Apex Fund Services, the Trustee used to hold shares in respect of awards made under the 2014 Deferred Bonus Plan. Stephen Bird's holding also includes 2,000 shares held by a connected person.

Martin Green, Group Finance Director

 
 Transaction          Date of     Total shares        Number       Price per share 
                       transfer    vested including    of shares    at which associated 
                                   dividend            retained     dividend shares 
                                   shares                           were acquired 
 Transfer             6 April     4,836 (of           4,836        GBP6.44 
  of DBP award         2020        which 4,203 
  shares (including                were DBP 
  associated                       award shares) 
  dividend 
  shares) 
                     ----------  ------------------  -----------  --------------------- 
 

Following the above transaction, Martin Green's holding is now 91,881 ordinary shares in the Company. This includes 18,857 ordinary shares purchased in the market with funds provided by Martin Green and held by Apex Fund Services, the Trustee used to hold shares in respect of awards made under the 2014 Deferred Bonus Plan.

Marco Pezzana, PDMR

 
 Transaction          Date of     Total shares        Number       Price per share 
                       transfer    vested including    of shares    at which associated 
                                   dividend            retained     dividend shares 
                                   shares                           were acquired 
 Transfer             6 April     5,810 (of           5,810        GBP6.44 
  of DBP award         2020        which 5,049 
  shares (including                were DBP 
  associated                       award shares) 
  dividend 
  shares) 
                     ----------  ------------------  -----------  --------------------- 
 

Following the above transactions, Marco Pezzana's holding is now 90,969 ordinary shares in the Company. This includes 14,983 ordinary shares purchased in the market with funds provided by Marco Pezzana and held by Apex Fund Services, the Trustee used to hold shares in respect of awards made under the 2014 Deferred Bonus Plan and the Restricted Share Plan.

Jon Bolton, PDMR

 
 Transaction          Date of     Total shares        Number       Price per share 
                       transfer    vested including    of shares    at which associated 
                                   dividend            retained     dividend shares 
                                   shares                           were acquired 
 Transfer             6 April     1904 (of            1,904        GBP6.44 
  of DBP award         2020        which 1,655 
  shares (including                were DBP 
  associated                       award shares) 
  dividend 
  shares) 
                     ----------  ------------------  -----------  --------------------- 
 

Following the above transactions, Jon Bolton's holding is now 42,637 ordinary shares in the Company. This includes 3,105 ordinary shares purchased in the market with funds provided by Jon Bolton and held by Apex Fund Services, the Trustee used to hold shares in respect of awards made under the 2014 Deferred Bonus Plan.

Enquiries:

Jon Bolton

Group Company Secretary

020 8332 4600

A snapshot of The Vitec Group plc

Vitec is a leading global provider of premium branded products and solutions to the fast changing and growing "image capture and content creation" 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 solutions including camera supports, camera mounted electronic accessories, robotic camera systems, prompters, LED lights, mobile power, monitors, bags, motion control and noise reduction equipment.

We employ around 1,700 people across the world in 11 different countries and are organised in three Divisions: Imaging Solutions, Production Solutions and Creative Solutions.

The Vitec Group plc is listed on the London Stock Exchange with 2019 revenue of GBP376.1 million.

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

LEI number: 2138007H5DQ4X8YOCF14

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April 07, 2020 02:00 ET (06:00 GMT)