The Vitec Group PLC 2012 Deferred Bonus Plan Award - Vesting outcome (0255K)
April 13 2015 - 7:25AM
UK Regulatory
TIDMVTC
RNS Number : 0255K
The Vitec Group PLC
13 April 2015
Monday, 13 April 2015
THE VITEC GROUP PLC
Notification of Transactions of Directors and Persons
Discharging Managerial Responsibility (PDMRs)
The Vitec Group plc ("the Company") announces that the following
transactions were undertaken by Directors or PDMRs in the ordinary
shares of the Company on the dates indicated in the tables
below:
-- transfer of Core Awards and associated dividend shares under
the Deferred Bonus Plan ("DBP") made in 2012; and
-- lapsing of Matching Awards under the DBP made in 2012.
The Company confirms that neither of the performance conditions
associated with awards made on 12 April 2012 under the DBP reached
threshold conditions for vesting and hence the Matching Awards
under the DBP have lapsed. The performance conditions were based
50% on earnings per share growth and 50% on Total Shareholder
Return performance compared to a comparator group.
Stephen Bird, Group Chief Executive
Transaction Date of Number of Number Price per
acquisition shares acquired of awards share at
or lapse lapsed which associated
dividend
shares were
acquired
----------------- ------------- ----------------- ----------- ------------------
Transfer 13 April 25,296 (of - GBP6.5225
of Core 2015 which 22,946
Award shares were Core
and acquisition Award shares
of associated purchased
dividend with funds
shares from Stephen
Bird in
2012)
----------------- ------------- ----------------- ----------- ------------------
Lapse of 12 April - 22,946 n/a
Matching 2015
Award
----------------- ------------- ----------------- ----------- ------------------
Following the above transactions, Stephen Bird's holding has
increased to 243,082 ordinary shares in the Company. This includes
44,282 ordinary shares purchased in the market with funds provided
by Stephen Bird and 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.
Paul Hayes, Group Finance Director
Transaction Date of Number of Number Price per
acquisition shares acquired of awards share at
or lapse lapsed which associated
dividend
shares were
acquired
----------------- ------------- ----------------- ----------- ------------------
Transfer 13 April 9,748 (of - GBP6.5225
of Core 2015 which 8,843
Award shares were Core
and acquisition Award shares
of associated purchased
dividend with funds
shares from Paul
Hayes in
2012)
----------------- ------------- ----------------- ----------- ------------------
Lapse of 12 April - 8,843 n/a
Matching 2015
Award
----------------- ------------- ----------------- ----------- ------------------
Following the above transactions, Paul Hayes' holding has
increased to 69,941 ordinary shares in the Company. This includes
31,193 ordinary shares purchased in the market with funds provided
by Paul Hayes and 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.
Marco Pezzana, PDMR
Transaction Date of Number of Number Price per
acquisition shares acquired of awards share at
or lapse lapsed which associated
dividend
shares were
acquired
----------------- ------------- ----------------- ----------- ------------------
Transfer 13 April 1,817 (of - GBP6.5225
of Core 2015 which 1,649
Award shares were Core
and acquisition Award shares
of associated purchased
dividend with funds
shares from Marco
Pezzana
in 2012)
----------------- ------------- ----------------- ----------- ------------------
Lapse of 12 April - 1,649 n/a
Matching 2015
Award
----------------- ------------- ----------------- ----------- ------------------
Following the above transactions, Marco Pezzana's holding has
increased to 25,492 ordinary shares in the Company. This includes
8,327 ordinary shares purchased in the market with funds provided
by Marco Pezzana and 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.
Martin Green, PDMR
Transaction Date of Number of Number Price per
acquisition shares acquired of awards share at
or lapse lapsed which associated
dividend
shares were
acquired
----------------- ------------- ----------------- ----------- ------------------
Transfer 13 April 910 (of - GBP6.5225
of Core 2015 which 826
Award shares were Core
and acquisition Award shares
of associated purchased
dividend with funds
shares from Martin
Green in
2012)
----------------- ------------- ----------------- ----------- ------------------
Lapse of 12 April - 826 n/a
Matching 2015
Award
----------------- ------------- ----------------- ----------- ------------------
Following the above transactions, Martin Green's holding has
increased to 30,116 ordinary shares in the Company. This includes
12,244 ordinary shares purchased in the market with funds provided
by Martin Green and 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.
Jon Bolton, PDMR
Transaction Date of Number of Number Price per
acquisition shares acquired of awards share at
or lapse lapsed which associated
dividend
shares were
acquired
----------------- ------------- ----------------- ----------- ------------------
Transfer 13 April 880 (of - GBP6.5225
of Core 2015 which 799
Award shares were Core
and acquisition Award shares
of associated purchased
dividend with funds
shares from Jon
Bolton in
2012)
----------------- ------------- ----------------- ----------- ------------------
Lapse of 12 April - 799 n/a
Matching 2015
Award
----------------- ------------- ----------------- ----------- ------------------
Following the above transactions, Jon Bolton's holding has
increased to 24,916 ordinary shares in the Company. This includes
4,452 ordinary shares purchased in the market with funds provided
by Jon Bolton and 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.
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 2014 revenue of GBP309.6 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 and provides dedicated solutions to
professional and non-professional image takers.
More information can be found at: www.vitecgroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
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