Director/PDMR Shareholding

RNS Number : 6106I

Vitec Group PLC (The)

13 August 2021

 

13 August 2021

THE VITEC GROUP PLC

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

Sale of shares by Martin Green

The Vitec Group plc ("the Company") announces that Martin Green, Group Finance Director, has sold 40,000 ordinary shares in the Company on 13 August 2021 at a price of £15.50 per share.

The sale is for personal reasons including the re-development of a property. Martin Green now holds 74,411 ordinary shares in the Company, of which 10,739 shares have been purchased in the market using funds supplied by Martin Green 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.

The resultant shareholding in the Company equates to a holding representing over three times salary based upon the sale price of £15.50 and Martin Green's base salary of £355,000.

1	Details of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a)	Name	Martin Green
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) £15.50 40,000
d)	Aggregated information -  Aggregated volume  -  Price	N/A N/A
e)	Date of the transaction	13 August 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 50,000 ordinary shares in the Company on 13 August 2021 at a price of £15.50 per share. Nicol Verheem now holds 68,629 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) £15.50 50,000
d)	Aggregated information -  Aggregated volume  -  Price	N/A N/A
e)	Date of the transaction	13 August 2021
f)	Place of the transaction	London Stock Exchange (XLON)

Sale of shares by Jon Bolton, PDMR

The Vitec Group plc ("the Company") announces that Jon Bolton, Group Company Secretary and HR Director, has sold 12,050 ordinary shares in the Company on 13 August 2021 at a price of £15.50 per share. Jon Bolton now holds 31,825 Ordinary Shares in the Company following this sale of which 2,120 shares have been purchased in the market using funds supplied by Jon Bolton 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.

1	Details of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a)	Name	Jon Bolton
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) £15.50 12,050
d)	Aggregated information -  Aggregated volume  -  Price	N/A N/A
e)	Date of the transaction	13 August 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, gamers 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 1,800 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

 

END

 

 

DSHGCGDIISBDGBX