Exercise of options under Sharesave Scheme

RNS Number : 2073G

The Vitec Group PLC

18 November 2015

 

18 November 2015

THE VITEC GROUP PLC

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

Exercise of options under Sharesave Scheme

The Vitec Group plc ("the Company") announces that on 18 November 2015 the following options were exercised by Executive Directors and PDMRs under The Vitec Group's 2011 UK Sharesave Scheme.

Name	Position	Number of options exercised	Option price (per share)	Number of shares sold and price	Resultant holding of the Company's shares following exercise of Sharesave options
Stephen Bird	Group Chief Executive	1,657	£5.43	None	255,614 ordinary shares (53,522 shares purchased in the market using funds supplied by Mr Bird and held by Capita Trustees Limited, the Trustee used to hold shares in respect of awards made under The Vitec Group 2005 and 2014 Deferred Bonus Plan)
Paul Hayes	Group Finance Director	1,657	£5.43	None	78,129 ordinary shares (37,724 shares purchased in the market using funds supplied by Mr Hayes and held by Capita Trustees Limited, the Trustee used to hold shares in respect of awards made under The Vitec Group 2005 and 2014 Deferred Bonus Plan)
Jon Bolton	PDMR	1,657	£5.43	657 shares sold at £6.15 per share	27,052 ordinary shares (5,588 shares purchased in the market using funds supplied by Mr Bolton and held by Capita Trustees Limited, the Trustee used to hold shares in respect of awards made under The Vitec Group 2005 and 2014 Deferred Bonus Plan)

Enquiries:

Rachael Matzopoulos

Deputy Company Secretary

020 8332 4600

A Snapshot of The Vitec Group

Vitec is a global provider of premium branded products and services to the Broadcast and Photographic markets. Vitec is listed on the London Stock Exchange with 2014 revenue of £309.6 million.

The Group is organised in two Divisions:

The Broadcast Division designs, manufactures and distributes premium branded products for broadcasting, film and video production for broadcasters and independent content creators. It also provides premium services including equipment rental and technical solutions to TV production teams and film crews.

The Photographic Division designs, manufactures and distributes premium branded equipment and provides dedicated solutions to professional and non-professional image takers.

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

 

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