Director/PDMR Shareholding

RNS Number : 9430X

Vitec Group PLC (The)

10 May 2021

 

10 May 2021

THE VITEC GROUP PLC

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

Sale of shares by Stephen Bird

The Vitec Group plc ("the Company") announces that Stephen Bird, Group Chief Executive, has sold 125,000 ordinary shares in the Company on 7 May 2021 at a price of £15.60 per share.

The sale is for personal reasons including a house purchase. Stephen Bird now holds 192,957 ordinary shares in the Company, of which 25,095 shares have been purchased in the market using funds supplied by Stephen Bird and are held by Apex Fund Services, the Trustee used to hold shares in respect of awards made under The Vitec Group 2014 Deferred Bonus Plan. 2,000 ordinary shares of the total holding are also held by a connected person.

The resultant shareholding in the Company equates to a holding representing six times salary based upon the sale price of £15.60 and Stephen Bird's salary of £474,629.

1	Details of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a)	Name	Stephen Bird
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification/amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Vitec Group pc
b)	LEI	2138007H5DQ4X8YOCF14
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 20 pence each ISIN: GB0009296665
b)	Nature of the transaction	Sale for personal financial planning
c)	Price(s) and volume(s)	Price(s) Volume(s) £15.60 125,000
d)	Aggregated information -  Aggregated volume  -  Price	N/A N/A
e)	Date of the transaction	7 May 2021
f)	Place of the transaction	London Stock Exchange (XLON)

Sale of shares by Nicol Verheem, PDMR

The Vitec Group plc ("the Company") announces that Nicol Verheem, Divisional CEO, Vitec Creative Solutions, has sold 25,000 ordinary shares in the Company on 7 May 2021 at a price of £15.60 per share. Nicol Verheem now holds 118,629 Ordinary Shares in the Company following this sale.

1	Details of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a)	Name	Nicol Verheem
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification/amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Vitec Group pc
b)	LEI	2138007H5DQ4X8YOCF14
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 20 pence each ISIN: GB0009296665
b)	Nature of the transaction	Sale for personal financial planning
c)	Price(s) and volume(s)	Price(s) Volume(s) £15.60 25,000
d)	Aggregated information -  Aggregated volume  -  Price	N/A N/A
e)	Date of the transaction	7 May 2021
f)	Place of the transaction	London Stock Exchange (XLON)

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 hardware products and software solutions to the growing content creation market.

Vitec's customers include broadcasters, film studios, production and rental companies, photographers, independent content creators and enterprises. Our product portfolio includes camera supports, video transmission systems and monitors, live streaming solutions, smartphone accessories, robotic camera systems, prompters, LED lighting, mobile power, bags and motion control, audio capture 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 .

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

LEI number: 2138007H5DQ4X8YOCF14

 

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