Purchase of shares by Executive Directors

RNS Number : 5268E

Vitec Group PLC (The)

28 February 2020

 

28 February 2020

The Vitec Group plc

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

The Vitec Group plc (the "Company") announces purchases of shares in the Company by Stephen Bird, Group Chief Executive and Martin Green, Group Finance Director, as set out below.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Bird
2	Reason for the notification
a)	Position/status	Group Chief Executive
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	Purchase of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £8.534058 15,000
d)	Aggregated information - Aggregated volume - Price	N/A as single transaction
e)	Date of the transaction	28 February 2020
f)	Place of the transaction	London Stock Exchange

Following the above transaction, Stephen Bird's holding is now 260,294 ordinary shares in the Company. This includes 32,763 ordinary shares purchased in the market with funds provided by Stephen Bird and held by Apex Fund Services, the Trustee used to hold shares in respect of awards made under the 2014 Deferred Bonus Plan and 2,000 shares held by a connected person.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Martin Green
2	Reason for the notification
a)	Position/status	Group Finance 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	Purchase of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £8.534058 1,172
d)	Aggregated information - Aggregated volume - Price	N/A as single transaction
e)	Date of the transaction	28 February 2020
f)	Place of the transaction	London Stock Exchange

Following the above transaction, Martin Green's holding is now 83,846 ordinary shares in the Company. This includes 15,658 ordinary shares purchased in the market with funds provided by Martin Green and held by Apex Fund Services, the Trustee used to hold shares in respect of awards made under the 2014 Deferred Bonus Plan.

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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