Vitec Group PLC (The) Restricted Share Plan - Vesting and Award (8104V)
August 11 2020 - 7:04AM
UK Regulatory
TIDMVTC
RNS Number : 8104V
Vitec Group PLC (The)
11 August 2020
11 August 2020
THE VITEC GROUP PLC
Notification of Transactions of Directors and Persons
Discharging Managerial Responsibility (PDMRs)
Vesting of Restricted Share Award
The Vitec Group plc ("the Company") announces that on 11 August
2020, following the release of the half year results announcement,
the following restricted share awards over ordinary shares of 20
pence each in the Company under the Restricted Share Plan ("RSP")
were exercised by the following PDMRs. The awards were not subject
to any performance conditions, only ongoing employment on the
vesting date. The awards were made in part exchange for salary
waivers implemented in response to Covid-19.
Name Number of Number of Price per Number Total holding
Ordinary Ordinary Ordinary share of Ordinary of Ordinary
shares acquired shares disposed at which shares shares shares(2)
for nil consideration to cover sold (closing retained
tax liability(1) mid-market
price on 6
August 2020)
Alan Hollis 1,051 0 Not applicable 1,051 83,130 (8,179)
----------------------- ------------------ ----------------- ------------- ---------------
Marco Pezzana 1,075 0 Not applicable 1,075 92,044 (9,210)
----------------------- ------------------ ----------------- ------------- ---------------
Jon Bolton 685 322 GBP6.50 363 43,000 (3,105)
----------------------- ------------------ ----------------- ------------- ---------------
Restricted Share Award - 10 August 2020
Alan Hollis, in part exchange for a material salary sacrifice
from July to September 2020, has received a restricted share award
on 10 August 2020 over 1,044 ordinary shares in the Company that
will vest on 1 October 2020. This award is not subject to any
performance conditions and was calculated on a share price of
GBP6.50.
Notes:
(1) Where shares are not being sold, the tax liability is to be
settled with PDMRs' own funds.
(2) The number in brackets represents shares held under the
Deferred Bonus Plan by the Employee Trustee, Apex Fund
Services.
Enquiries:
Jon Bolton
Group Company Secretary
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 changing 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 and accessories,
wired and wireless video transmission systems, robotic camera
systems, prompters, LED lights, mobile power, monitors, bags,
motion control, smartphone accessories, audio capture and noise
reduction equipment.
We employ around 1,600 people across the world in 11 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
2019 revenue of GBP376.1 million.
More information can be found at: www.vitecgroup.com
LEI number: 2138007H5DQ4X8YOCF14
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Authority to act as a Primary Information Provider in the United
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contact rns@lseg.com or visit www.rns.com.
END
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