Source - RNS
RNS Number : 3279K
Vitec Group PLC (The)
09 April 2018
 

 

 

9 April 2018

 

THE VITEC GROUP PLC

 

 

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

 

The Vitec Group plc ("the Company") announces that, on 9 April 2018, the following Executive Directors and PDMRs had the following share dealings in the Company. 

 

Stephen Bird - Group Chief Executive

 

(i)   Exercised an award made on 8 April 2015 under the Long Term Incentive Plan that vested on the basis that 67.5 per cent of the performance conditions tied to the award had been achieved:-

 

Number of Ordinary shares acquired for nil consideration (including associated dividend shares)

Number of Ordinary shares disposed to cover taxes

Price per Ordinary share at which shares sold (closing mid-market price on 6 April 2018)

Number of Ordinary shares retained

46,605

21,905

£11.85

24,700

 

(ii)     Purchased 10,704 shares under the Deferred Bonus Plan ("DBP") at a price of £12.05 following the deferral of 50% of the 2017 annual bonus.  The shares are held by Link Asset Services in a nominee capacity on behalf of Stephen Bird for three years until vesting.  There are no performance conditions or matching shares associated with the DBP.

 

(iii)  On the same date, Stephen Bird sold 32,000 Ordinary shares in the Company at a price of £12.05 per ordinary share. 

 

Following the above dealings, Stephen Bird has increased his holding to 204,435 Ordinary shares in the Company (including 38,004 shares held under the Deferred Bonus Plan by the Employee Trustee Link Asset Services and 2,000 shares held through a connected person).  This holding represents 536% of his 2018 salary based on the closing mid-market price on 6 April 2018.

 

Martin Green - Group Business Development Director

 

(i)   Exercised an award made on 8 April 2015 under the Long Term Incentive Plan that vested on the basis that 67.5 per cent of the performance conditions tied to the award had been achieved:-

 

Number of Ordinary shares acquired for nil consideration (including associated dividend shares)

Number of Ordinary shares disposed principally to cover taxes

Price per Ordinary share at which shares sold (closing mid-market price on 6 April 2018)

Number of Ordinary shares retained

23,885

13,100

£11.85

10,785

 

(ii)  Purchased 6,314 shares under the Deferred Bonus Plan at a price of £12.05 following the deferral of 50% of the 2017 annual bonus.  The shares are held by Link Asset Services in a nominee capacity on behalf of Martin Green for three years until vesting.  There are no performance conditions or matching shares associated with the DBP.

 

Following the above dealings, Martin Green has increased his holding to 50,102 Ordinary shares in the Company (including 14,780 shares held under the DBP by the Employee Trustee Link Asset Services).  This holding represents 223% of his 2018 salary.

 

Kath Kearney-Croft - Group Finance Director

 

(i)   Purchased 5,168 shares under the Deferred Bonus Plan at a price of £12.05 following the deferral of 50% of the 2017 annual bonus.  The shares are held by Link Asset Services in a nominee capacity on behalf of Kath Kearney-Croft for three years until vesting.  There are no performance conditions or matching shares associated with the DBP.

 

Following the above dealing, Kath Kearney-Croft has increased her holding to 7,868 Ordinary shares in the Company (including 5,168 shares held under the DBP by the Employee Trustee Link Asset Services).  This holding represents 29% of her 2018 salary.

 

 

Marco Pezzana - Chief Executive, Imaging Solutions

 

(i)   Exercised an award made on 8 April 2015 under the Long Term Incentive Plan that vested on the basis that 67.5 per cent of the performance conditions tied to the award had been achieved:-

 

Number of Ordinary shares acquired for nil consideration (including associated dividend shares)

Number of Ordinary shares disposed

Price per Ordinary share at which shares sold (closing mid-market price on 6 April 2018)

28,981

28,981

£11.85

 

(ii)  Purchased 3,891 shares under the Deferred Bonus Plan at a price of £12.05 following the deferral of 30% of the 2017 annual bonus.  The shares are held by Link Asset Services in a nominee capacity on behalf of Marco Pezzana for three years until vesting.  There are no performance conditions or matching shares associated with the DBP.

 

Following the above dealings, Marco Pezzana has increased his holding to 42,895 Ordinary shares in the Company (including 14,827 shares held under the DBP by the Employee Trustee Link Asset Services). 

 

 

Alan Hollis, Chief Executive, Production Solutions

 

(i)   Purchased 2,037 shares under the Deferred Bonus Plan at a price of £12.05 following the deferral of 30% of the 2017 annual bonus.  The shares are held by Link Asset Services in a nominee capacity on behalf Alan Hollis for three years until vesting.  There are no performance conditions or matching shares associated with the DBP.

 

Following the above dealing, Alan Hollis has increased his holding to 30,534 Ordinary shares in the Company (including 2,037 shares held under the DBP by the Employee Trustee Link Asset Services). 

 

Nicol Verheem, Chief Executive, Creative Solutions

 

(i)   Exercised an award made on 8 April 2015 under the Long Term Incentive Plan that vested on the basis that 67.5 per cent of the performance conditions tied to the award had been achieved:-

 

Number of Ordinary shares acquired for nil consideration (including associated dividend shares)

Number of Ordinary shares disposed

Price per Ordinary share at which shares sold

2,875

0

Not applicable

 

Following the above dealing, Nicol Verheem has increased his holding to 119,813 Ordinary shares in the Company. 

 

Jon Bolton, Group Company Secretary

 

(i)   Exercised an award made on 8 April 2015 under the Long Term Incentive Plan that vested on the basis that 67.5 per cent of the performance conditions tied to the award had been achieved:-

 

Number of Ordinary shares acquired for nil consideration (including associated dividend shares)

Number of Ordinary shares disposed

Price per Ordinary share at which shares sold

18,008

18,008

£11.85

 

(ii)  Purchased 1,316 shares under the Deferred Bonus Plan at a price of £12.05 following the deferral of 20% of the 2017 annual bonus.  The shares are held by Link Asset Services in a nominee capacity on behalf of Jon Bolton for three years until vesting.  There are no performance conditions or matching shares associated with the DBP.

 

Following the above dealings, Jon Bolton has increased his holding to 28,339 Ordinary shares in the Company (including 5,058 shares held under the DBP by the Employee Trustee Link Asset Services). 

 

 

Halid Hatic, SVP Production Solutions

 

(i)   Exercised an award made on 8 April 2015 under the Long Term Incentive Plan that vested on the basis that 67.5 per cent of the performance conditions tied to the award had been achieved:-

 

Number of Ordinary shares acquired for nil consideration (including associated dividend shares)

Number of Ordinary shares disposed to cover taxes

Price per Ordinary share at which shares sold

Number of ordinary shares retained

7,546

2,642

£11.85

4,904

 

(ii)  Purchased 1,563 shares under the Deferred Bonus Plan at a price of £12.05 following the deferral of 30% of the 2017 annual bonus.  The shares are held by Link Asset Services in a nominee capacity on behalf of Halid Hatic for three years until vesting.  There are no performance conditions or matching shares associated with the DBP.

 

Following the above dealings, Halid Hatic has increased his holding to 6,756 Ordinary shares in the Company (including 1,563 shares held under the DBP by the Employee Trustee Link Asset Services). 

 

Martin Vann, SVP Creative Solutions

 

(iii)  Exercised an award made on 8 April 2015 under the Long Term Incentive Plan that vested on the basis that 67.5 per cent of the performance conditions tied to the award had been achieved:-

 

Number of Ordinary shares acquired for nil consideration (including associated dividend shares)

Number of Ordinary shares disposed

Price per Ordinary share at which shares sold

7,546

7,546

£11.85

 

(iv)  Purchased 2,640 shares under the Deferred Bonus Plan at a price of £12.05 following the deferral of 30% of the 2017 annual bonus.  The shares are held by Link Asset Services in a nominee capacity on behalf of Martin Vann for three years until vesting.  There are no performance conditions or matching shares associated with the DBP.

 

Following the above dealings, Martin Vann has increased his holding to 3,071 Ordinary shares in the Company (including 2,640 shares held under the DBP by the Employee Trustee Link Asset Services). 

 

 

Enquiries:

 

Jon Bolton

Group Company Secretary

Tel:- 020 8332 4600

 

A Snapshot of The Vitec Group

Vitec is a leading global provider of premium branded products and solutions 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 solutions including camera supports, camera mounted electronic accessories, robotic camera systems, prompters, LED lights, mobile power, monitors and bags.

We employ around 1,700 people across the world in ten 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 2017 adjusted revenue* of £378.1 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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