Director/PDMR Shareholding

RNS Number : 7935R

Vitec Group PLC (The)

04 March 2019

 

4 March 2019

THE VITEC GROUP PLC

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

The Vitec Group plc ("the Company") announces that, on 1 March 2019, the following Executive Directors and PDMRs had the following share dealings in the Company. 

Stephen Bird - Group Chief Executive

(i)   Exercised an award made on 1 March 2016 under the Long Term Incentive Plan that vested on the basis that 100 per cent of the performance conditions tied to the award had been achieved:-

Number of Ordinary shares acquired for nil consideration (including associated dividend shares)	Number of Ordinary shares disposed to cover taxes	Price per Ordinary share at which shares sold (closing mid-market price on 28 February 2019)	Number of Ordinary shares retained
110,623	51,993	£12.00	58,630

The retained Ordinary shares will be held for at least a further two year holding period.

(ii)  On 4 March 2019, Stephen Bird sold 30,000 Ordinary shares in the Company at a price of £11.75 per ordinary share. 

Following the above dealings, Stephen Bird has increased his holding to 236,227 Ordinary shares in the Company (including 28,764 shares held under the Deferred Bonus Plan by the Employee Trustee Link Asset Services and 2,000 shares held through a connected person).  This holding represents 612% of his 2019 salary based on the closing mid-market price on 28 February 2019.

Martin Green - Group Business Development Director

Exercised an award made on 1 March 2016 under the Long Term Incentive Plan that vested on the basis that 100 per cent of the performance conditions tied to the award had been achieved:

Number of Ordinary shares acquired for nil consideration (including associated dividend shares)	Number of Ordinary shares disposed principally to cover taxes	Price per Ordinary share at which shares sold (closing mid-market price on 28 February 2019)	Number of Ordinary shares retained
46,308	21,765	£12.00	24,543

Following the above dealings, Martin Green has increased his holding to 74,825 Ordinary shares in the Company (including 12,003 shares held under the DBP by the Employee Trustee Link Asset Services). This holding represents 309% of his 2019 salary.

Marco Pezzana - Chief Executive, Vitec Imaging Solutions

Exercised an award made on 1 March 2016 under the Long Term Incentive Plan that vested on the basis that 100 per cent of the performance conditions tied to the award had been achieved:-

Number of Ordinary shares acquired for nil consideration (including associated dividend shares)	Number of Ordinary shares disposed	Price per Ordinary share at which shares sold (closing mid-market price on 28 February 2019)	Number of Ordinary shares retained
55,062	36,000	£12.00	19,062

Following the above dealings, Marco Pezzana has increased his holding to 59,973 Ordinary shares in the Company (including 12,115 shares held under the DBP by the Employee Trustee Link Asset Services). 

Alan Hollis, Chief Executive, Vitec Production Solutions

Exercised an award made on 1 March 2016 under the Long Term Incentive Plan that vested on the basis that 100 per cent of the performance conditions tied to the award had been achieved:-

Number of Ordinary shares acquired for nil consideration (including associated dividend shares)	Number of Ordinary shares disposed
11,237	0

Following the above dealing, Alan Hollis has increased his holding to 42,527 Ordinary shares in the Company (including 2,037 shares held under the DBP by the Employee Trustee Link Asset Services). 

Jon Bolton, Group Company Secretary

Exercised an award made on 1 March 2016 under the Long Term Incentive Plan that vested on the basis that 100 per cent of the performance conditions tied to the award had been achieved:-

Number of Ordinary shares acquired for nil consideration (including associated dividend shares)	Number of Ordinary shares disposed	Price per Ordinary share at which shares sold
34,197	34,197	£12.00

Following the above dealings, Jon Bolton's holding remains at 30,242 Ordinary shares in the Company (including 3,922 shares held under the DBP by the Employee Trustee Link Asset Services). 

Halid Hatic, SVP Vitec Production Solutions

Exercised an award made on 1 March 2016 under the Long Term Incentive Plan that vested on the basis that 100 per cent of the performance conditions tied to the award had been achieved:

Number of Ordinary shares acquired for nil consideration (including associated dividend shares)	Number of Ordinary shares disposed	Price per Ordinary share at which shares sold (closing mid-market price on 28 February 2019)	Number of ordinary shares retained
11,237	7,400	£12.00	3,837

Following the above dealings, Halid Hatic has increased his holding to 12,005 Ordinary shares in the Company (including 1,563 shares held under the DBP by the Employee Trustee Link Asset Services). 

Martin Vann, SVP Vitec Creative Solutions

Exercised an award made on 1 March 2016 under the Long Term Incentive Plan that vested on the basis that 100 per cent of the performance conditions tied to the award had been achieved:

Number of Ordinary shares acquired for nil consideration (including associated dividend shares)	Number of Ordinary shares disposed	Price per Ordinary share at which shares sold (closing mid-market price on 28 February 2019)	Number of ordinary shares retained
11,237	10,200	£12.00	1,037

Following the above dealings, Martin Vann has increased his holding to 4,622 Ordinary shares in the Company (including 2,640 shares held under the DBP by the Employee Trustee Link Asset Services). 

Enquiries:

Jon Bolton

Group Company Secretary

Tel:- 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 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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