Director/PDMR Shareholding

RNS Number : 9213B

The Vitec Group PLC

09 April 2013

 

9 April 2013

THE VITEC GROUP PLC

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

The Vitec Group plc ("the Company") announces that, on 8 April 2013, following the vesting of Long Term Incentive Plan and Deferred Bonus Plan awards made in 2010, the following transactions were undertaken by Directors or PDMRs in the ordinary shares of the Company. 

Stephen Bird, Group Chief Executive

Name of Incentive Plan	Number of shares acquired for nil consideration (unless stated otherwise)	Number of shares disposed (primarily to cover tax liabilities)	Price per share at which shares sold
Long Term Incentive Plan	95,457 shares	53,123	51,801 sold at £6.35 1,322 sold at £6.4125
Deferred Bonus Plan	54,892 shares (of which 26,185 were Core award shares purchased with funds from Stephen Bird in 2010)	30,493	30,493 sold at £6.4125

Following the above transactions, Stephen Bird holds 183,008 ordinary shares in the Company.  This includes 67,605 ordinary shares purchased in the market with funds provided by Stephen Bird and held by Computershare Trustees (Jersey) Limited, the Trustee used to hold shares in respect of awards made under The Vitec Group 2005 Deferred Bonus Plan.

Martin Green, PDMR

Name of Incentive Plan	Number of shares acquired for nil consideration (unless stated otherwise)	Number of shares disposed (primarily to cover tax liabilities)	Price per share at which shares sold
Long Term Incentive Plan	29,258 shares	13,777	12,462 sold at £6.3373 1,315 sold at £6.4125
Deferred Bonus Plan	1,964 shares (of which 937 were Core award shares purchased with funds from Martin Green in 2010)	483	483 sold at £6.4125

Following the above transactions, Martin Green holds 22,371 ordinary shares in the Company.  This includes 5,409 ordinary shares purchased in the market with funds provided by Martin Green and held by Computershare Trustees (Jersey) Limited, the Trustee used to hold shares in respect of awards made under The Vitec Group 2005 Deferred Bonus Plan.

Jon Bolton, PDMR

Name of Incentive Plan	Number of shares acquired for nil consideration (unless stated otherwise)	Number of shares disposed (primarily to cover tax liabilities)	Price per share at which shares sold
Long Term Incentive Plan	20,653 shares	15,653	14,338 sold at £6.3373 1,315 sold at £6.4125
Deferred Bonus Plan	2,682 shares (of which 1,280 were Core award shares purchased with funds from Jon Bolton in 2010)	659	659 sold at £6.4125

Following the above transactions, Jon Bolton holds 21,658 ordinary shares in the Company.  This includes 3,191 ordinary shares purchased in the market with funds provided by Jon Bolton and held by Computershare Trustees (Jersey) Limited, the Trustee used to hold shares in respect of awards made under The Vitec Group 2005 Deferred Bonus Plan.

Enquiries:

Jon Bolton

Group Company Secretary

020 8332 4600

A Snapshot of The Vitec Group

Vitec is an international Group principally serving customers in the Broadcast & Video, Photographic and Military, Aerospace and Government (MAG) markets. Listed on the London Stock Exchange with 2012 revenue of £345.3 million, Vitec is based on strong, well known, premium brands on which its customers worldwide rely. Vitec is organised in three Divisions: Videocom, Imaging and Services.

Videocom designs and distributes systems and products used in broadcasting and live entertainment, film and video production and MAG.

Imaging designs, manufactures and distributes equipment and accessories for photography and video.

Services provides equipment rental, workflow design and technical support to TV production teams and film crews.

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

 

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