Vitec Group PLC (The) Director/PDMR Shareholding (9731I)
07 April 2020 - 4:00PM
UK Regulatory
TIDMVTC
RNS Number : 9731I
Vitec Group PLC (The)
07 April 2020
7 April 2020
THE VITEC GROUP PLC
Notification of Transactions of Directors and Persons
Discharging Managerial Responsibility (PDMRs)
Deferred Bonus Plan - Vesting of 2017 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 6 April 2020 in connection with the
maturity of the 2017 Deferred Bonus Plan ("DBP"). In summary, for
the 2017 DBP, each Director or PDMR deferred a proportion of their
2016 annual cash bonus into the DBP. The deferred bonus was used to
purchase shares in the Company at a price of GBP8.3095 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 Total shares Number Price per share
transfer vested including of shares at which associated
dividend retained dividend shares
shares were acquired
Transfer 6 April 15,355 (of 15,355 GBP6.44
of DBP award 2020 which 13,344
shares (including were DBP
associated award shares)
dividend
shares)
---------- ------------------ ----------- ---------------------
Following the above transaction, Stephen Bird's holding is now
273,657 ordinary shares in the Company. This includes 30,771
ordinary shares purchased in the market with funds provided by
Stephen Bird and held by Apex Fund 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 Finance Director
Transaction Date of Total shares Number Price per share
transfer vested including of shares at which associated
dividend retained dividend shares
shares were acquired
Transfer 6 April 4,836 (of 4,836 GBP6.44
of DBP award 2020 which 4,203
shares (including were DBP
associated award shares)
dividend
shares)
---------- ------------------ ----------- ---------------------
Following the above transaction, Martin Green's holding is now
91,881 ordinary shares in the Company. This includes 18,857
ordinary shares purchased in the market with funds provided by
Martin Green and held by Apex Fund Services, the Trustee used to
hold shares in respect of awards made under the 2014 Deferred Bonus
Plan.
Marco Pezzana, PDMR
Transaction Date of Total shares Number Price per share
transfer vested including of shares at which associated
dividend retained dividend shares
shares were acquired
Transfer 6 April 5,810 (of 5,810 GBP6.44
of DBP award 2020 which 5,049
shares (including were DBP
associated award shares)
dividend
shares)
---------- ------------------ ----------- ---------------------
Following the above transactions, Marco Pezzana's holding is now
90,969 ordinary shares in the Company. This includes 14,983
ordinary shares purchased in the market with funds provided by
Marco Pezzana and held by Apex Fund Services, the Trustee used to
hold shares in respect of awards made under the 2014 Deferred Bonus
Plan and the Restricted Share Plan.
Jon Bolton, PDMR
Transaction Date of Total shares Number Price per share
transfer vested including of shares at which associated
dividend retained dividend shares
shares were acquired
Transfer 6 April 1904 (of 1,904 GBP6.44
of DBP award 2020 which 1,655
shares (including were DBP
associated award shares)
dividend
shares)
---------- ------------------ ----------- ---------------------
Following the above transactions, Jon Bolton's holding is now
42,637 ordinary shares in the Company. This includes 3,105 ordinary
shares purchased in the market with funds provided by Jon Bolton
and held by Apex Fund 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 changing 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 1,700 people across the world in 11 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
2019 revenue of GBP376.1 million.
More information can be found at: www.vitecgroup.com
LEI number: 2138007H5DQ4X8YOCF14
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END
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