Grant of Sharesave option

RNS Number : 9670K

The Vitec Group PLC

27 September 2016

 

27 September 2016

The Vitec Group plc

Notification of Transactions by Directors and Persons Discharging Managerial Responsibilities (PDMRs)

The Vitec Group plc (the "Company") announces a grant of options over ordinary shares of 20 pence each under The Vitec Group 2011 Sharesave Scheme to a PDMR as set out below.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Martin Green
2	Reason for the notification
a)	Position/status	Group Development and HR 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 plc
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 ("ordinary shares") ISIN: GB0009296665
b)	Nature of the transaction	Grant of option over ordinary shares under The Vitec Group 2011 Sharesave Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) 485 pence (option price) 2,597 options
d)	Aggregated information - Aggregated volume - Price	N/A as single transaction
e)	Date of the transaction	27 September 2016
f)	Place of the transaction	London

The expected maturity date of this option is 1 November 2019.

Enquiries:

Jon Bolton

Group 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 2015 revenue of £317.8 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 for photographic and video cameras and provides dedicated solutions to professional and non-professional image takers.

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

 

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