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6 Apr 2017 10:07
6 April 2017
THE VITEC GROUP PLC
Notification of Transactions of Directors and Persons Discharging Managerial Responsibility (PDMRs)
Deferred Bonus Plan (DBP) - 2017 Awards
The Vitec Group plc ("the Company") announces that awards under the DBP have been made on 5 April 2017 following purchases of ordinary shares of 20 pence each by Directors and PDMRs. The shares were purchased at a price of £8.3095 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 of shares purchased for 2017 DBP Award | Percentage of 2016 annual bonus deferred | Current shareholding* |
Stephen Bird | Group Chief Executive | 13,344 | 50% | 276,031 (27,300)** |
Martin Green | Group Business Development Director | 4,203 | 30% | 35,403 (8,466) |
Marco Pezzana | PDMR | 5,049 | 30% | 39,004 (10,936) |
Jon Bolton | PDMR | 1,655 | 20% | 28,580 (3,742) |
* 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 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 leading global provider of premium branded products and services to the fast changing and growing "image capture and sharing" 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 software including camera supports, wireless systems, robotic camera systems, prompters, LED lights, mobile power, monitors and bags; and premium services including technical solutions, systems integration and equipment rental for TV production teams, film crews and enterprises.
We employ around 1,700 people across the world in ten different countries and are organised in two Divisions: Broadcast and Photographic.
The Vitec Group plc is listed on the London Stock Exchange with 2016 revenue of £376.2 million.
More information can be found at: www.vitecgroup.com.
LEI number: 2138007H5DQ4X8YOCF14
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