Restricted Share Award

RNS Number : 3306M

Vitec Group PLC (The)

07 May 2020

 

7 May 2020

THE VITEC GROUP PLC

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

Restricted Share Award

The Vitec Group plc ("the Company") announces that on 7 May 2020 the following restricted share awards over ordinary shares of 20 pence each in the Company were made under a Restricted Share Plan to the following PDMRs:

Nicol Verheem

In exchange for waiving his salary from 1 April 2020 to 31 December 2020, Nicol Verheem received a restricted share award over 22,166 ordinary shares in the Company.  The restricted shares will vest to him on 31 December 2020. 

The following PDMRs, in part exchange for a material salary sacrifice from April to June 2020, have received the following restricted share award that will vest on 1 July 2020:

Alan Hollis

Restricted share award over 1,051 ordinary shares in the Company. 

Marco Pezzana

Restricted share award over 1,075 ordinary shares in the Company. 

Jon Bolton

Restricted share award over 685 ordinary shares in the Company. 

The above awards are not subject to any performance conditions and were calculated on a share price of £6.46.

Neither Stephen Bird nor Martin Green are eligible to participate in this award.

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 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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