Deferred Bonus Plan - 2019 Awards

RNS Number : 0449V

Vitec Group PLC (The)

03 April 2019

 

3 April 2019

THE VITEC GROUP PLC

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

Deferred Bonus Plan (DBP) - 2019 Awards

The Vitec Group plc ("the Company") announces that awards under the Deferred Bonus Plan ("DBP") have been made on 3 April 2019 following purchases of ordinary shares of 20 pence each by the following Executive Directors and PDMRs following the deferral of the 2018 bonus. The shares were purchased at a price of £11.490545 and will be held by Link Asset Services in a nominee capacity on behalf of the Executive Directors and PDMRs for three years until vesting. There are no performance conditions or matching shares associated with the DBP.   

Name	Position	Number of shares purchased for 2019 DBP Award	Percentage of 2018 annual bonus deferred	Current shareholding*	% of 2019 salary held for Executive Directors***
Stephen Bird	Group Chief Executive	8,715	50%	244,942 (37,479)**	608%
Kath Kearney-Croft	Group Finance Director	5,832	50%	13,700 (11,000)	48%
Martin Green	Group Business Development Director	5,141	50%	79,966 (17,144)	317%
Marco Pezzana	PDMR	2,845	30%	62,818 (14,960)	-
Alan Hollis	PDMR	2,593	30%	45,120 (4,630)	-
Halid Hatic	PDMR	2,393	30%	14,398 (3,956)	-
Martin Vann	PDMR	1,998	30%	6,620 (4,638)	-
Jon Bolton	PDMR	1,077	20%	30,242 (4,999)	-

* The number in brackets refers to the number of ordinary shares purchased in the market with funds provided by the Executive Director or PDMR and which are held by Link Asset Services, the Trustee used to hold shares in respect of awards made under The Vitec Group 2014 Deferred Bonus Plan.

** Stephen Bird's current shareholding also reflects shares held through a connected person.

*** Based on closing mid-market price on 2 April 2019.

Enquiries:

Jon Bolton

Group Company Secretary

Tel: [phone]

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

 

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