TIDMVTC
RNS Number : 6991U
The Vitec Group PLC
08 April 2016
8 April 2016
THE VITEC GROUP PLC
Notification of Transactions of Directors and Persons
Discharging Managerial Responsibility (PDMRs)
The Vitec Group plc ("the Company") announces that the following
transactions were undertaken by Directors or PDMRs in the ordinary
shares of the Company on the dates indicated in the tables
below:
-- transfer of Core Awards and associated dividend shares under
the Deferred Bonus Plan ("DBP") made in 2013; and
-- lapsing of Matching Awards under the DBP made in 2013.
The Company confirms that neither of the performance conditions
associated with awards made on 8 April 2013 under the DBP reached
threshold conditions for vesting and hence the Matching Awards
under the DBP have lapsed. The performance conditions were based
50% on earnings per share growth and 50% on Total Shareholder
Return performance compared to a comparator group.
Stephen Bird, Group Chief Executive
Transaction Date of Number of Number Price per
acquisition shares acquired of awards share at
or lapse lapsed which associated
dividend
shares were
acquired
----------------- ------------- ----------------- ----------- ------------------
Transfer 8 April 17,899 (of - GBP5.79
of Core 2016 which 15,969
Award shares were Core
and acquisition Award shares
of associated purchased
dividend with funds
shares from Stephen
Bird in
2013)
----------------- ------------- ----------------- ----------- ------------------
Lapse of 8 April - 15,969 n/a
Matching 2016
Award
----------------- ------------- ----------------- ----------- ------------------
Following the above transactions, Stephen Bird's holding has
increased to 269,544 ordinary shares in the Company. This includes
37,553 ordinary shares purchased in the market with funds provided
by Stephen Bird and held by Capita Trustees Limited, the Trustee
used to hold shares in respect of awards made under The Vitec Group
2005 Deferred Bonus Plan and 2014 Deferred Bonus Plan.
Paul Hayes, Group Finance Director
Transaction Date of Number of Number Price per
acquisition shares acquired of awards share at
or lapse lapsed which associated
dividend
shares were
acquired
----------------- ------------- ----------------- ----------- ------------------
Transfer 8 April 12,381 (of - GBP5.79
of Core 2016 which 11,046
Award shares were Core
and acquisition Award shares
of associated purchased
dividend with funds
shares from Paul
Hayes in
2013)
----------------- ------------- ----------------- ----------- ------------------
Lapse of 8 April - 11,046 n/a
Matching 2016
Award
----------------- ------------- ----------------- ----------- ------------------
Following the above transactions, Paul Hayes' holding has
increased to 79,464 ordinary shares in the Company. This includes
26,678 ordinary shares purchased in the market with funds provided
by Paul Hayes and held by Capita Trustees Limited, the Trustee used
to hold shares in respect of awards made under The Vitec Group 2005
Deferred Bonus Plan and 2014 Deferred Bonus Plan.
Marco Pezzana, PDMR
Transaction Date of Number of Number Price per
acquisition shares acquired of awards share at
or lapse lapsed which associated
dividend
shares were
acquired
----------------- ------------- ----------------- ----------- ------------------
Transfer 8 April 4,299 (of - GBP5.79
of Core 2016 which 3,836
Award shares were Core
and acquisition Award shares
of associated purchased
dividend with funds
shares from Marco
Pezzana
in 2013)
----------------- ------------- ----------------- ----------- ------------------
Lapse of 8 April - 3,836 n/a
Matching 2016
Award
----------------- ------------- ----------------- ----------- ------------------
Following the above transactions, Marco Pezzana's holding has
increased to 28,667 ordinary shares in the Company. This includes
7,203 ordinary shares purchased in the market with funds provided
by Marco Pezzana and held by Capita Trustees Limited, the Trustee
used to hold shares in respect of awards made under The Vitec Group
2005 Deferred Bonus Plan and 2014 Deferred Bonus Plan.
Martin Green, PDMR
Transaction Date of Number of Number Price per
acquisition shares acquired of awards share at
or lapse lapsed which associated
dividend
shares were
acquired
----------------- ------------- ----------------- ----------- ------------------
Transfer 8 April 4,098 (of - GBP5.79
of Core 2016 which 3,656
Award shares were Core
and acquisition Award shares
of associated purchased
dividend with funds
shares from Martin
Green in
2013)
----------------- ------------- ----------------- ----------- ------------------
Lapse of 8 April - 3,656 n/a
Matching 2016
Award
----------------- ------------- ----------------- ----------- ------------------
Following the above transactions, Martin Green's holding has
increased to 33,335 ordinary shares in the Company. This includes
11,365 ordinary shares purchased in the market with funds provided
by Martin Green and held by Capita Trustees Limited, the Trustee
used to hold shares in respect of awards made under The Vitec Group
2005 Deferred Bonus Plan and 2014 Deferred Bonus Plan.
Jon Bolton, PDMR
Transaction Date of Number of Number Price per
acquisition shares acquired of awards share at
or lapse lapsed which associated
dividend
shares were
acquired
----------------- ------------- ----------------- ----------- ------------------
Transfer 8 April 1,651 (of - GBP5.79
of Core 2016 which 1,473
Award shares were Core
and acquisition Award shares
of associated purchased
dividend with funds
shares from Jon
Bolton in
2013)
----------------- ------------- ----------------- ----------- ------------------
Lapse of 8 April - 1,473 n/a
Matching 2016
Award
----------------- ------------- ----------------- ----------- ------------------
Following the above transactions, Jon Bolton's holding has
increased to 27,230 ordinary shares in the Company. This includes
4,115 ordinary shares purchased in the market with funds provided
by Jon Bolton and held by Capita Trustees Limited, the Trustee used
to hold shares in respect of awards made under The Vitec Group 2005
Deferred Bonus Plan and 2014 Deferred Bonus Plan.
Enquiries:
Jon Bolton
Group 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 2015 revenue of GBP317.8
million.
The Group is organised in two Divisions:
(MORE TO FOLLOW) Dow Jones Newswires
April 08, 2016 11:39 ET (15:39 GMT)
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 for photographic and video cameras 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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April 08, 2016 11:39 ET (15:39 GMT)
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