The Vitec Group PLC 2016 DBP Awards (8412U)
April 11 2016 - 11:18AM
UK Regulatory
TIDMVTC
RNS Number : 8412U
The Vitec Group PLC
11 April 2016
11 April 2016
THE VITEC GROUP PLC
Notification of Transactions of Directors and Persons
Discharging Managerial Responsibility (PDMRs)
Deferred Bonus Plan (DBP) - 2016 Awards
The Vitec Group plc ("the Company") announces that awards under
the DBP have been made on 11 April 2016 following purchases of
ordinary shares of 20 pence each by Directors and PDMRs. The shares
were purchased at a price of GBP5.8925 and will be held by Capita
Trustees Limited in a nominee capacity on behalf of the Directors
and PDMRs for three years until vesting. There are no performance
conditions or matching shares associated with these awards.
Name Position Number Amount of Current shareholding*
of shares 2015 annual
purchased bonus deferred
to form with which
2016 DBP shares were
Award purchased
---------- ------------ ----------- ---------------- ----------------------
Group
Stephen Chief
Bird Executive 4,716 50% 274,260 (42,269)**
---------- ------------ ----------- ---------------- ----------------------
Group
Paul Finance
Hayes Director 3,242 50% 82,706 (29,920)
---------- ------------ ----------- ---------------- ----------------------
Martin
Green PDMR 1,486 30% 34,821 (12,851)
---------- ------------ ----------- ---------------- ----------------------
Marco
Pezzana PDMR 3,175 30% 31,842 (10,378)
---------- ------------ ----------- ---------------- ----------------------
Jon
Bolton PDMR 951 20% 28,181 (5,066)
---------- ------------ ----------- ---------------- ----------------------
* The number in brackets refers to the number of ordinary shares
purchased in the market with funds provided by the Executive
Director or PDMR and which are 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.
** Stephen Bird's current shareholding also reflects shares held
through a connected person.
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 2015 revenue of GBP317.8
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 for photographic and video cameras 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
END
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