TIDMVTC

RNS Number : 2073G

The Vitec Group PLC

18 November 2015

18 November 2015

THE VITEC GROUP PLC

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

Exercise of options under Sharesave Scheme

The Vitec Group plc ("the Company") announces that on 18 November 2015 the following options were exercised by Executive Directors and PDMRs under The Vitec Group's 2011 UK Sharesave Scheme.

 
 Name      Position     Number        Option    Number        Resultant holding 
                         of options    price     of shares     of the Company's 
                         exercised     (per      sold          shares following 
                                       share)    and           exercise of Sharesave 
                                                 price         options 
--------  -----------  ------------  --------  ------------  ----------------------- 
 Stephen   Group        1,657         GBP5.43   None          255,614 ordinary 
  Bird      Chief                                              shares (53,522 
            Executive                                          shares purchased 
                                                               in the market using 
                                                               funds supplied 
                                                               by Mr Bird and 
                                                               held by Capita 
                                                               Trustees Limited, 
                                                               the Trustee used 
                                                               to hold shares 
                                                               in respect of awards 
                                                               made under The 
                                                               Vitec Group 2005 
                                                               and 2014 Deferred 
                                                               Bonus Plan) 
--------  -----------  ------------  --------  ------------  ----------------------- 
 Paul      Group        1,657         GBP5.43   None          78,129 ordinary 
  Hayes     Finance                                            shares (37,724 
            Director                                           shares purchased 
                                                               in the market using 
                                                               funds supplied 
                                                               by Mr Hayes and 
                                                               held by Capita 
                                                               Trustees Limited, 
                                                               the Trustee used 
                                                               to hold shares 
                                                               in respect of awards 
                                                               made under The 
                                                               Vitec Group 2005 
                                                               and 2014 Deferred 
                                                               Bonus Plan) 
--------  -----------  ------------  --------  ------------  ----------------------- 
 Jon       PDMR         1,657         GBP5.43   657           27,052 ordinary 
  Bolton                                         shares        shares (5,588 shares 
                                                 sold          purchased in the 
                                                 at GBP6.15    market using funds 
                                                 per           supplied by Mr 
                                                 share         Bolton and held 
                                                               by Capita Trustees 
                                                               Limited, the Trustee 
                                                               used to hold shares 
                                                               in respect of awards 
                                                               made under The 
                                                               Vitec Group 2005 
                                                               and 2014 Deferred 
                                                               Bonus Plan) 
--------  -----------  ------------  --------  ------------  ----------------------- 
 

Enquiries:

Rachael Matzopoulos

Deputy Company Secretary

020 8332 4600

A Snapshot of The Vitec Group

Vitec is a global provider of premium branded products and services to the Broadcast and Photographic markets. Vitec is listed on the London Stock Exchange with 2014 revenue of GBP309.6 million.

The Group is organised in two Divisions:

The Broadcast Division designs, manufactures and distributes premium branded products for broadcasting, film and video production for broadcasters and independent content creators. It also provides premium services including equipment rental and technical solutions to TV production teams and film crews.

The Photographic Division designs, manufactures and distributes premium branded equipment and provides dedicated solutions to professional and non-professional image takers.

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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