TIDMVTC
RNS Number : 7935R
Vitec Group PLC (The)
04 March 2019
4 March 2019
THE VITEC GROUP PLC
Notification of Transactions of Directors and Persons
Discharging Managerial Responsibility (PDMRs)
The Vitec Group plc ("the Company") announces that, on 1 March
2019, the following Executive Directors and PDMRs had the following
share dealings in the Company.
Stephen Bird - Group Chief Executive
(i) Exercised an award made on 1 March 2016 under the Long Term
Incentive Plan that vested on the basis that 100 per cent of the
performance conditions tied to the award had been achieved:-
Number of Ordinary Number of Price per Number of Ordinary
shares acquired Ordinary Ordinary share shares retained
for nil consideration shares disposed at which shares
(including associated to cover sold (closing
dividend shares) taxes mid-market
price on 28
February 2019)
110,623 51,993 GBP12.00 58,630
----------------- ----------------- -------------------
The retained Ordinary shares will be held for at least a further
two year holding period.
(ii) On 4 March 2019, Stephen Bird sold 30,000 Ordinary shares
in the Company at a price of GBP11.75 per ordinary share.
Following the above dealings, Stephen Bird has increased his
holding to 236,227 Ordinary shares in the Company (including 28,764
shares held under the Deferred Bonus Plan by the Employee Trustee
Link Asset Services and 2,000 shares held through a connected
person). This holding represents 612% of his 2019 salary based on
the closing mid-market price on 28 February 2019.
Martin Green - Group Business Development Director
Exercised an award made on 1 March 2016 under the Long Term
Incentive Plan that vested on the basis that 100 per cent of the
performance conditions tied to the award had been achieved:
Number of Ordinary Number of Price per Number of Ordinary
shares acquired Ordinary Ordinary share shares retained
for nil consideration shares disposed at which shares
(including associated principally sold (closing
dividend shares) to cover mid-market
taxes price on 28
February 2019)
46,308 21,765 GBP12.00 24,543
----------------- ----------------- -------------------
Following the above dealings, Martin Green has increased his
holding to 74,825 Ordinary shares in the Company (including 12,003
shares held under the DBP by the Employee Trustee Link Asset
Services). This holding represents 309% of his 2019 salary.
Marco Pezzana - Chief Executive, Vitec Imaging Solutions
Exercised an award made on 1 March 2016 under the Long Term
Incentive Plan that vested on the basis that 100 per cent of the
performance conditions tied to the award had been achieved:-
Number of Ordinary Number of Price per Number of Ordinary
shares acquired Ordinary Ordinary share shares retained
for nil consideration shares disposed at which shares
(including associated sold (closing
dividend shares) mid-market
price on 28
February 2019)
55,062 36,000 GBP12.00 19,062
----------------- ----------------- -------------------
Following the above dealings, Marco Pezzana has increased his
holding to 59,973 Ordinary shares in the Company (including 12,115
shares held under the DBP by the Employee Trustee Link Asset
Services).
Alan Hollis, Chief Executive, Vitec Production Solutions
Exercised an award made on 1 March 2016 under the Long Term
Incentive Plan that vested on the basis that 100 per cent of the
performance conditions tied to the award had been achieved:-
Number of Ordinary Number of Ordinary
shares acquired shares disposed
for nil consideration
(including associated
dividend shares)
11,237 0
-------------------
Following the above dealing, Alan Hollis has increased his
holding to 42,527 Ordinary shares in the Company (including 2,037
shares held under the DBP by the Employee Trustee Link Asset
Services).
Jon Bolton, Group Company Secretary
Exercised an award made on 1 March 2016 under the Long Term
Incentive Plan that vested on the basis that 100 per cent of the
performance conditions tied to the award had been achieved:-
Number of Ordinary Number of Ordinary Price per Ordinary
shares acquired shares disposed share at which
for nil consideration shares sold
(including associated
dividend shares)
34,197 34,197 GBP12.00
------------------- -------------------
Following the above dealings, Jon Bolton's holding remains at
30,242 Ordinary shares in the Company (including 3,922 shares held
under the DBP by the Employee Trustee Link Asset Services).
Halid Hatic, SVP Vitec Production Solutions
Exercised an award made on 1 March 2016 under the Long Term
Incentive Plan that vested on the basis that 100 per cent of the
performance conditions tied to the award had been achieved:
Number of Ordinary Number of Ordinary Price per Number of
shares acquired shares disposed Ordinary ordinary
for nil consideration share at shares retained
(including associated which shares
dividend shares) sold (closing
mid-market
price on
28 February
2019)
11,237 7,400 GBP12.00 3,837
------------------- --------------- -----------------
Following the above dealings, Halid Hatic has increased his
holding to 12,005 Ordinary shares in the Company (including 1,563
shares held under the DBP by the Employee Trustee Link Asset
Services).
Martin Vann, SVP Vitec Creative Solutions
Exercised an award made on 1 March 2016 under the Long Term
Incentive Plan that vested on the basis that 100 per cent of the
performance conditions tied to the award had been achieved:
Number of Ordinary Number of Ordinary Price per Number of
shares acquired shares disposed Ordinary ordinary
for nil consideration share at shares retained
(including associated which shares
dividend shares) sold (closing
mid-market
price on
28 February
2019)
11,237 10,200 GBP12.00 1,037
------------------- --------------- -----------------
Following the above dealings, Martin Vann has increased his
holding to 4,622 Ordinary shares in the Company (including 2,640
shares held under the DBP by the Employee Trustee Link Asset
Services).
Enquiries:
Jon Bolton
Group Company Secretary
Tel:- 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 moving 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 1,800 people across the world in 13 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
2018 revenue of GBP385.4 million.
More information can be found at: www.vitecgroup.com
LEI number: 2138007H5DQ4X8YOCF14
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END
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