The Vitec Group PLC
12 March 2008
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
All relevant boxes should be completed in block capital letters.
1. Name of the issuer
THE VITEC GROUP PLC
2. State whether notification relates to (i) a transaction
notified in accordance with DR 3.1.4R(1) (a); or (ii) DR,
3.1.4(R)(1)(b) a disclosure made in accordance with section 324
(as extended by section 328) of the Companies Act 1985; or (iii)
both (i) and (ii)
NOTIFICATION RELATES TO (iii)
3. Name of person discharging managerial responsibilities/director
ALASTAIR HEWGILL
4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify
the connected person
NOT APPLICABLE
5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest
DIRECTOR NAMED IN 3 ABOVE
6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares
-
7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them
-
8. State the nature of the transaction
A) GRANT UNDER THE VITEC GROUP 2002 UNAPPROVED SHARE OPTION
PLAN
B) AWARD UNDER THE VITEC GROUP 2005 LONG TERM INCENTIVE PLAN
9. Number of shares, debentures or financial instruments relating to shares
acquired
-
10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage)
-
11. Number of shares, debentures or financial instruments relating to shares
disposed
-
12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage)
-
13. Price per share or value of transaction
-
14. Date and place of transaction
-
15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage)
-
16. Date issuer informed of transaction
If a person discharging managerial responsibilities has been granted
options by the issuer complete the following boxes
17. Date of grant
12 MARCH 2008
18. Period during which or date on which exercised
A) THE VITEC GROUP 2002 UNAPPROVED SHARE OPTION PLAN
SUBJECT TO THE ACHIEVEMENT OF THE PERFORMANCE CONDITION,
AWARD VESTS FOLLOWING THE END OF THE THREE YEAR
PERFORMANCE PERIOD
B) THE VITEC GROUP 2005 LONG TERM INCENTIVE PLAN
SUBJECT TO THE ACHIEVEMENT OF THE PERFORMANCE CONDITION,
AWARD VESTS FOLLOWING THE END OF THE THREE YEAR
PERFORMANCE PERIOD
19. Total amount paid (if any) for grant of the option
-
20. Description of shares or debentures involved (class and number)
A) THE VITEC GROUP 2002 UNAPPROVED SHARE OPTION PLAN
43,891 20P ORDINARY SHARES
B) THE VITEC GROUP 2005 LONG TERM INCENTIVE PLAN
44,854 20P ORDINARY SHARES
21. Exercise price (if fixed at time of grant) or indication that price is
to be fixed at the time of exercise
A) THE VITEC GROUP 2002 UNAPPROVED SHARE OPTION PLAN
512P
B) THE VITEC GROUP 2005 LONG TERM INCENTIVE PLAN
N/A
22. Total number of shares or debentures over which options held following
notification
UNDER THE VITEC GROUP 2005 DEFERRED BONUS PLAN
20,368
UNDER DEFERRED BONUS PLAN
19,078
UNDER THE VITEC 2002 SHARESAVE SCHEME
7,110
UNDER THE 2005 LONG TERM INCENTIVE PLAN
181,323
UNDER THE 2002 UNAPPROVED SHARE OPTION PLAN
107,224
23. Any additional information
A) THE VITEC GROUP 2002 UNAPPROVED SHARE OPTION PLAN
THE PERFORMANCE CONDITION IS CALCULATED USING EPS. FOR
MINIMUM VESTING THE INCREASE IN EPS OVER THE PERFORMANCE PERIOD IS
RPI+9% AND FOR MAXIMUM VESTING IS RPI+30%. VESTING IS ON A STRAIGHT
LINE BASIS BETWEEN THESE TWO POINTS. BELOW MEDIAN, NO PART OF AN AWARD
VESTS.
B) THE VITEC GROUP 2005 LONG TERM INCENTIVE PLAN
THE PERFORMANCE CONDITION IS CALCULATED USING VITEC'S
TOTAL SHAREHOLDER RETURN COMPARED TO A GROUP OF
APPROXIMATELY 70 OTHER COMPANIES OF SIMILAR MARKET
CAPITALISATION AND GEOGRAPHICAL SPREAD. AT MEDIAN
PERFORMANCE THE VESTING LEVEL IS 35% OF AN AWARD. FULL
VESTING IS AT TOP QUINTILE PERFORMANCE. VESTING IS ON A
STRAIGHT LINE BASIS BETWEEN MEDIAN AND TOP QUINTILE.
BELOW MEDIAN, NO PART OF AN AWARD VESTS.
24. Name of contact and telephone number for queries
ROLAND PEATE 020 8939 4650
Name and signature of duly authorised officer of issuer responsible
for making notification
ROLAND PEATE
Date of notification 12 MARCH 2008
This information is provided by RNS
The company news service from the London Stock Exchange
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