2016 DBP Awards

RNS Number : 8412U

The Vitec Group PLC

11 April 2016

 

11 April 2016

THE VITEC GROUP PLC

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

Deferred Bonus Plan (DBP) - 2016 Awards

The Vitec Group plc ("the Company") announces that awards under the DBP have been made on 11 April 2016 following purchases of ordinary shares of 20 pence each by Directors and PDMRs. The shares were purchased at a price of £5.8925 and will be held by Capita Trustees Limited in a nominee capacity on behalf of the Directors and PDMRs for three years until vesting. There are no performance conditions or matching shares associated with these awards.

Name	Position	Number of shares purchased to form 2016 DBP Award	Amount of 2015 annual bonus deferred with which shares were purchased	Current shareholding*
Stephen Bird	Group Chief Executive	4,716	50%	274,260 (42,269)**
Paul Hayes	Group Finance Director	3,242	50%	82,706 (29,920)
Martin Green	PDMR	1,486	30%	34,821 (12,851)
Marco Pezzana	PDMR	3,175	30%	31,842 (10,378)
Jon Bolton	PDMR	951	20%	28,181 (5,066)

* The number in brackets refers to the number of ordinary shares purchased in the market with funds provided by the Executive Director or PDMR and which are held by Capita Trustees Limited, the Trustee used to hold shares in respect of awards made under The Vitec Group 2005 Deferred Bonus Plan and 2014 Deferred Bonus Plan.

** Stephen Bird's current shareholding also reflects shares held through a connected person.

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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