Vitec Group PLC (The) Director/PDMR Shareholding (8430A)

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RNS Number : 8430A

Vitec Group PLC (The)

01 October 2020

1 October 2020

THE VITEC GROUP PLC

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

Vesting of Restricted Share Award

The Vitec Group plc ("the Company") announces that on 1 October 2020 the following restricted share award over ordinary shares of 20 pence each in the Company under the Restricted Share Plan ("RSP") was exercised by the following PDMR. The award was not subject to any performance conditions, only ongoing employment on the vesting date. The award was made in part exchange for a salary waiver implemented in response to COVID-19.

 
 Name of        Number of Ordinary       Number of          Number of          Total holding 
  PDMR           shares acquired          Ordinary shares    Ordinary shares    of Ordinary 
                 for nil consideration    disposed to        retained           shares(2) 
                                          cover tax 
                                          liability(1) 
 Alan Hollis    1,044                    0                  1,044              84,174 (8,179) 
               -----------------------  -----------------  -----------------  --------------- 
 

Notes:

(1) The tax liability is to be settled with Alan Hollis' own funds.

(2) The number in brackets represents shares held under the Deferred Bonus Plan by the Employee Trustee, Apex Fund Services.

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 hardware products and software solutions to the fast changing and growing "image capture and content creation" market.

Vitec's customers include broadcasters, production and rental companies, independent content creators, photographers and enterprises. Our product portfolio includes camera supports, video transmission systems and monitors, smartphone accessories, robotic camera systems, prompters, LED lighting, mobile power, bags and motion control, audio capture and noise reduction equipment.

We employ around 1,600 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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October 01, 2020 09:30 ET (13:30 GMT)