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Vitec Group PLC(The) (VTC)

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Monday 16 April, 2018

Vitec Group PLC(The)

Director/PDMR Shareholding

RNS Number : 0813L
Vitec Group PLC (The)
16 April 2018
 

 

16 April 2018

 

 

THE VITEC GROUP PLC

 

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

 

Deferred Bonus Plan - Vesting of 2015 DBP

 

The Vitec Group plc ("the Company") announces that the following transactions were undertaken by Directors and PDMRs in the ordinary shares of the Company on 16 April 2018 in connection with the maturity of the 2015 Deferred Bonus Plan ("DBP").  In summary, the 2015 DBP operated as follows:-

 

·      Each Director or PDMR deferred a proportion of their 2014 annual cash bonus into the DBP.  The deferred bonus was used to purchase shares in the Company at a price of £6.49 per share ("core award shares") that were held in the Employee Trust for a three year deferral period.  No performance conditions are attached to the core award shares and dividends paid during the deferral period on the core award shares are reinvested in additional dividend shares.  There are no matching award shares that can be earned on the core award shares.

 

Stephen Bird, Group Chief Executive

 

Transaction

Date of transfer

Total shares vested including dividend shares

Number of shares retained

 

Price per share at which associated dividend shares were acquired

Transfer of core award shares (including  associated dividend shares)

16 April 2018

9,842 (of which 9,240 were core award shares)

9,842

£11.80

 

Following the above transaction, Stephen Bird's holding is now 205,037 ordinary shares in the Company. This includes 28,764 ordinary shares purchased in the market with funds provided by Stephen Bird and held by Link Asset Services, the Trustee used to hold shares in respect of awards made under the 2014 Deferred Bonus Plan. Stephen Bird's holding also includes 2,000 shares held by a connected person.

 

Martin Green, Group Business Development Director

 

Transaction

Date of transfer

Total shares vested including dividend shares

Number of shares retained

 

Price per share at which associated dividend shares were acquired

Transfer of core award shares (including associated dividend shares)

16 April 2018

2,957 (of which 2,777 were core award shares)

2,957

£11.80

 

 

Following the above transaction, Martin Green's holding is now 50,282 ordinary shares in the Company. This includes 12,003 ordinary shares purchased in the market with funds provided by Martin Green and held by Link Asset Services, the Trustee used to hold shares in respect of awards made under the 2014 Deferred Bonus Plan.

 

 

Marco Pezzana, PDMR

 

Transaction

Date of transfer

Number of shares acquired

 

Number of shares sold

Price per share at which associated dividend shares were acquired/ or shares sold

Transfer of core award shares (including associated dividend shares)

16 April 2018

2,888 (of which 2,712 were core award shares)

-

£11.80






Sale of shares

16 April 2018

-

2,888

£12.025

 

Following the above transactions, Marco Pezzana's holding is now 40,911 ordinary shares in the Company. This includes 12,115 ordinary shares purchased in the market with funds provided by Marco Pezzana and held by Link Asset Services, the Trustee used to hold shares in respect of awards made under the 2014 Deferred Bonus Plan.

 

 

Jon Bolton, PDMR

 

Transaction

Date of transfer

Total shares vested including dividend shares

Number of shares retained

 

Price per share at which associated dividend shares were acquired

Transfer of core award shares (including associated dividend shares)

16 April 2018

1,210 (of which 1,136 were core award shares)

1,210

£11.80

 

 

Following the above transactions, Jon Bolton's holding is now 28,413 ordinary shares in the Company. This includes 3,922 ordinary shares purchased in the market with funds provided by Jon Bolton and held by Link Asset 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

Vitec is a leading global provider of premium branded products and solutions to the fast changing and growing "image capture and sharing" 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 and bags.

We employ around 1,700 people across the world in ten 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 2017 adjusted revenue* of £378.1 million.

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

LEI number: 2138007H5DQ4X8YOCF14

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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