Exercise of 2017 LTIP Awards

RNS Number : 8544E

Vitec Group PLC (The)

03 March 2020

 

3 March 2020

THE VITEC GROUP PLC

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

The Vitec Group plc ("the Company") announces that, on 2 March 2020, the PDMRs listed below had the following share dealings in the Company. 

Marco Pezzana - Chief Executive, Vitec Imaging Solutions

Exercised an award made on 28 February 2017 under the Long Term Incentive Plan that vested on the basis that 72.06% 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 tax liability	Price per Ordinary share at which shares sold (closing mid-market price on 28 February 2020)	Number of Ordinary shares retained
29,932	12,871	£9.00	17,061

Following the above dealings, Marco Pezzana has increased his holding to 81,961 Ordinary shares in the Company (including 11,785 shares held under the Deferred Bonus Plan by the Employee Trustee Apex Fund Services). 

Alan Hollis, Chief Executive, Vitec Production Solutions

Exercised an award made on 28 February 2017 under the Long Term Incentive Plan that vested on the basis that 72.06% 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 retained
25,129	25,129

Following the above dealing, Alan Hollis has increased his holding to 70,249 Ordinary shares in the Company (including 4,630 shares held under the Deferred Bonus Plan by the Employee Trustee Apex Fund Services). 

Jon Bolton, Group Company Secretary

Exercised an award made on 28 February 2017 under the Long Term Incentive Plan that vested on the basis that 72.06% 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 tax liability	Price per Ordinary share at which shares sold (closing mid-market price on 28 February 2020)	Number of Ordinary shares retained
19,409	9,123	£9.00	10,286

Following the above dealings, Jon Bolton has increased his holding to 41,676 Ordinary shares in the Company (including 4,048 shares held under the Deferred Bonus Plan by the Employee Trustee Link Apex Fund Services).  On 2 March 2020 Jon Bolton also cancelled a Sharesave option that had been granted to him on 26 September 2018 over 1,391 shares at £10.35 per share.

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 changing 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 1,700 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 with 2019 revenue of £376.1 million.

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

LEI number: 2138007H5DQ4X8YOCF14

 

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