Source - LSE Regulatory
RNS Number : 9383V
Vitec Group PLC (The)
11 April 2019
 

 

11 April 2019

 

 

THE VITEC GROUP PLC

 

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

 

Deferred Bonus Plan - Vesting of 2016 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 11 April 2019 in connection with the maturity of the 2016 Deferred Bonus Plan ("DBP"). In summary, for the 2016 DBP, each Director or PDMR deferred a proportion of their 2015 annual cash bonus into the DBP. The deferred bonus was used to purchase shares in the Company at a price of £5.8925 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 transfer

Total shares vested including dividend shares

Number of shares retained

 

Price per share at which associated dividend shares were acquired

Transfer of DBP award shares (including  associated dividend shares)

11 April 2019

5,068 (of which 4,716 were DBP award shares)

5,068

£11.275

 

Following the above transaction, Stephen Bird's holding is now 245,294 ordinary shares in the Company. This includes 32,763 ordinary shares purchased in the market with funds provided by Stephen Bird and held by Link Asset 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 Business Development Director

 

Transaction

Date of transfer

Total shares vested including dividend shares

Number of shares retained

 

Price per share at which associated dividend shares were acquired

Transfer of DBP award shares (including associated dividend shares)

11 April 2019

1,597 (of which 1,486 were DBP award shares)

1,597

£11.275

 

Following the above transaction, Martin Green's holding is now 80,077 ordinary shares in the Company. This includes 15,658 ordinary shares purchased in the market with funds provided by Martin Green and held by Link Asset Services, the Trustee used to hold shares in respect of awards made under the 2014 Deferred Bonus Plan.

 

Marco Pezzana, PDMR

 

Transaction

Date of transfer

Total shares vested including dividend shares

Number of shares retained

 

Price per share at which associated dividend shares were acquired

Transfer of DBP award shares (including associated dividend shares)

11 April 2019

3,412 (of which 3,175 were DBP award shares)

3,412

£11.275

 

Following the above transactions, Marco Pezzana's holding is now 63,055 ordinary shares in the Company. This includes 11,785 ordinary shares purchased in the market with funds provided by Marco Pezzana and held by Link Asset Services, the Trustee used to hold shares in respect of awards made under the 2014 Deferred Bonus Plan.

 

Jon Bolton, PDMR

 

Transaction

Date of transfer

Total shares vested including dividend shares

Number of shares retained

 

Price per share at which associated dividend shares were acquired

Transfer of DBP award shares (including associated dividend shares)

11 April 2019

1,022 (of which 951 were DBP award shares)

1,022

£11.275

 

Following the above transactions, Jon Bolton's holding is now 31,390 ordinary shares in the Company. This includes 4,048 ordinary shares purchased in the market with funds provided by Jon Bolton and held by Link Asset 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 moving 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 1,800 people across the world in 13 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 2018 revenue of £385.4 million.

 

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

 

LEI number: 2138007H5DQ4X8YOCF14

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHCKDDPDBKDCQD
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.