Transfer of Treasury Shares

RNS Number : 1830Y

The Vitec Group PLC

17 December 2010

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

The Vitec Group plc (Vitec or the Company)

Transfer of Treasury Shares

On 17 December 2010 a total of 150,000 ordinary shares were transferred out of treasury for nil consideration into the Vitec Employee Benefit Trust (the Vitec EBT).

Following the above transfer, the Company holds no ordinary shares in Treasury and has a total of 43,152,334 ordinary shares in issue. The subsequent holding of the Vitec EBT is 699,755 ordinary shares representing 1.6% of the issued share capital.

Jon Bolton
Group Company Secretary

A Snapshot of The Vitec Group

Vitec is an international Group principally serving customers in the broadcast, photographic and military, aerospace and government (MAG) markets. Listed on the London Stock Exchange with 2009 revenue of £315 million, Vitec is based on strong, well known, premium brands on which its customers worldwide rely. Vitec is organised in three divisions: Imaging & Staging, Videocom and Services.

Imaging & Staging designs, manufactures and distributes equipment and accessories for photography, video and events.

Videocom designs and distributes systems and products used in broadcasting and live entertainment, film and video production and MAG.

Services provides equipment rental, workflow design and technical support for camera, video, audio, fibre optic and wireless technology used by TV production teams and film crews.

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

 

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