TIDMVTC
RNS Number : 2127B
The Vitec Group PLC
31 March 2017
31 March 2017
THE VITEC GROUP PLC
Notification of Transactions of Directors and Persons
Discharging Managerial Responsibility (PDMRs)
Deferred Bonus Plan - Vesting of 2014 DBP
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 the dates indicated in the tables
below:
-- sale and transfer of Core Awards and associated dividend
shares under the Deferred Bonus Plan ("DBP") made in 2014; and
-- lapsing of Matching Awards under the DBP made in 2014.
The Company confirms that neither of the performance conditions
associated with awards made on 31 March 2014 under the DBP reached
threshold conditions for vesting and hence the Matching Awards
under the DBP lapsed.
The sale of shares principally reflects the settlement of tax
liabilities arising on vesting of the Core Award and associated
dividend shares.
Stephen Bird, Group Chief Executive
Transaction Date Total Number Number Number Price per
of acquisition, shares of of shares of share at
sale vested shares retained awards which associated
or lapse including sold lapsed dividend
dividend shares were
shares acquired
and shares
sold
------------------ ------------------ ------------ -------- ----------- -------- ------------------
Transfer
and sale
of Core
Award 30,901
shares (of which
and acquisition 28,313
of associated were Core
dividend 31 March Award
shares 2017 shares) 15,452 15,449 - GBP7.94
------------------ ------------------ ------------ -------- ----------- -------- ------------------
Lapse 31 March - - - 28,313 n/a
of Matching 2017
Award
------------------ ------------------ ------------ -------- ----------- -------- ------------------
Following the above transactions, Stephen Bird's holding is now
262,687 ordinary shares in the Company. This includes 13,956
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. Stephen Bird's
holding also includes 2,000 shares held by a connected person.
Paul Hayes, Group Finance Director
Transaction Date Total Number Number Number Price per
of acquisition, shares of of shares of share at
sale vested shares retained awards which associated
or lapse including sold lapsed dividend
dividend shares were
shares acquired
and shares
sold
------------------ ------------------ ------------ -------- ----------- -------- ------------------
Transfer
and sale
of Core
Award 21,989
shares (of which
and acquisition 20,147
of associated were Core
dividend 31 March Award
shares 2017 shares) 10,335 11,654 - GBP7.94
------------------ ------------------ ------------ -------- ----------- -------- ------------------
Lapse 31 March - - - 20,147 n/a
of Matching 2017
Award
------------------ ------------------ ------------ -------- ----------- -------- ------------------
Following the above transactions, Paul Hayes' holding is now
74,213 ordinary shares in the Company. This includes 9,773 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.
Martin Green, Group Business Development Director
Transaction Date Total Number Number Number Price per
of acquisition, shares of of shares of share at
sale vested shares retained awards which associated
or lapse including sold lapsed dividend
dividend shares were
shares acquired
and shares
sold
------------------ ------------------ ------------ -------- ----------- -------- ------------------
Transfer
and sale
of Core
Award 9,373
shares (of which
and acquisition 8,588
of associated were Core
dividend 31 March Award
shares 2017 shares) 4,406 4,967 - GBP7.94
------------------ ------------------ ------------ -------- ----------- -------- ------------------
Lapse 31 March - - - 8,588 n/a
of Matching 2017
Award
------------------ ------------------ ------------ -------- ----------- -------- ------------------
Following the above transactions, Martin Green's holding is now
31,200 ordinary shares in the Company. This includes 4,263 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.
Marco Pezzana, PDMR
Transaction Date of Number of Number of Price per
acquisition shares acquired awards lapsed share at
or lapse which associated
dividend
shares were
acquired
--------------- ------------- ----------------- --------------- ------------------
Transfer 31 March 4,901 (of - GBP7.94
of Core Award 2017 which 4,491
shares and were Core
acquisition Award shares)
of associated
dividend
shares
--------------- ------------- ----------------- --------------- ------------------
Lapse of 31 March - 4,491 n/a
Matching 2017
Award
--------------- ------------- ----------------- --------------- ------------------
Following the above transactions, Marco Pezzana's holding is now
33,955 ordinary shares in the Company. This includes 5,887 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.
Jon Bolton, PDMR
Transaction Date Total Number Number Number Price per
of acquisition, shares of of shares of share at
sale vested shares retained awards which associated
or lapse including sold lapsed dividend
dividend shares were
shares acquired
and shares
sold
------------------ ------------------ ------------ -------- ----------- -------- ------------------
Transfer
and sale
of Core
Award 3,251
shares (of which
and acquisition 2,979
of associated were Core
dividend 31 March Award
shares 2017 shares) 1,528 1,723 - GBP7.94
------------------ ------------------ ------------ -------- ----------- -------- ------------------
Lapse 31 March - - - 2,979 n/a
of Matching 2017
Award
------------------ ------------------ ------------ -------- ----------- -------- ------------------
Following the above transactions, Jon Bolton's holding is now
26,925 ordinary shares in the Company. This includes 2,087 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 leading global provider of premium branded products
and services 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 software including camera supports, wireless systems,
robotic camera systems, prompters, LED lights, mobile power,
monitors and bags; and premium services including technical
solutions, systems integration and equipment rental for TV
production teams, film crews and enterprises.
We employ around 1,700 people across the world in ten different
countries and are organised in two Divisions: Broadcast and
Photographic.
The Vitec Group plc is listed on the London Stock Exchange with
2016 revenue of GBP376.2 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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