Vitec Group PLC (The) Exercise of 2017 LTIP award by Executive Directors (2388O)
28 Maggio 2020 - 12:28PM
UK Regulatory
TIDMVTC
RNS Number : 2388O
Vitec Group PLC (The)
28 May 2020
28 May 2020
THE VITEC GROUP PLC
Notification of Transactions of Directors and Persons
Discharging Managerial Responsibility (PDMRs)
Exercise of 2017 LTIP awards by Executive Directors
The Vitec Group plc ("the Company") announces that, on 28 May
2020, the following Executive Directors had the following share
dealings in the Company.
Stephen Bird - Group Chief Executive
Exercised an award made on 15 May 2017 under the Long Term
Incentive Plan that vested on the basis that 72.06% 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 27
May 2020)
64,718 30,418 GBP6.84 34,300
----------------- ----------------- -------------------
The retained Ordinary shares will be held for at least a further
two-year holding period.
Following the above dealings, Stephen Bird has increased his
holding to 307,957 Ordinary shares in the Company (including 30,771
shares held under the Deferred Bonus Plan by the Employee Trustee
Apex Fund Services and 2,000 shares held through a connected
person). This holding represents 444% of his 2020 salary based on
the closing mid-market price on 27 May 2020.
Martin Green - Group Finance Director
Exercised an award made on 15 May 2017 under the Long Term
Incentive Plan that vested on the basis that 72.06% 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 27
May 2020)
38,177 17,944 GBP6.84 20,233
----------------- ----------------- -------------------
Following the above dealings, Martin Green has increased his
holding to 112,114 Ordinary shares in the Company (including 18,857
shares held under the DBP by the Employee Trustee Apex Fund
Services). This holding represents 216% of his 2020 salary based on
the closing mid-market price on 27 May 2020.
Both of the above awards vesting to Stephen Bird and Martin
Green were satisfied from existing shares in the Company through
the Employee Trustee Apex Fund 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 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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END
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