VTC.L Regulatory News (VTC)

12 Mar 2008 18:49

The Vitec Group PLC12 March 2008 NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGINGMANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS All relevant boxes should be completed in block capital letters. 1. Name of the issuer THE VITEC GROUP PLC 2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006). NOTIFICATION RELATES TO (iii) 3. Name of person discharging managerial responsibilities/director JOHANNES JANSSEN 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person NOT APPLICABLE 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest(1) DIRECTOR NAMED IN 3 ABOVE 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares 7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them - 8. State the nature of the transaction A) GRANT UNDER THE VITEC GROUP 2002 UNAPPROVED SHARE OPTION PLAN B) AWARD UNDER THE VITEC GROUP 2005 LONG TERM INCENTIVE PLAN 9. Number of shares, debentures or financial instruments relating to shares acquired - 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) - 11. Number of shares, debentures or financial instruments relating to shares disposed - 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) - 13. Price per share or value of transaction - 14. Date and place of transaction - 15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) - 16. Date issuer informed of transaction - If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes 17. Date of grant 12 MARCH 2008 18. Period during which or date on which exercised A) THE VITEC GROUP 2002 UNAPPROVED SHARE OPTION PLAN SUBJECT TO THE ACHIEVEMENT OF THE PERFORMANCE CONDITION, AWARD VESTS FOLLOWING THE END OF THE THREE YEAR PERFORMANCE PERIOD B) THE VITEC GROUP 2005 LONG TERM INCENTIVE PLAN SUBJECT TO THE ACHIEVEMENT OF THE PERFORMANCE CONDITION, AWARD VESTS FOLLOWING THE END OF THE THREE YEAR PERFORMANCE PERIOD 19. Total amount paid (if any) for grant of the option - 20. Description of shares or debentures involved (class and number) A) THE VITEC GROUP 2002 UNAPPROVED SHARE OPTION PLAN 40,430 20p ORDINARY SHARES B) THE VITEC GROUP 2005 LONG TERM INCENTIVE PLAN 35,120 20p ORDINARY SHARES 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise A) THE VITEC GROUP 2002 UNAPPROVED SHARE OPTION PLAN 512p B) THE VITEC GROUP 2005 LONG TERM INCENTIVE PLAN N/A 22. Total number of shares or debentures over which options held following notification UNDER THE VITEC GROUP 2005 DEFERRED BONUS PLAN 3,994 UNDER THE 2005 LONG TERM INCENTIVE PLAN 147,226 UNDER THE 2002 UNAPPROVED SHARE OPTION PLAN 102,096 23. Any additional information A) THE VITEC GROUP 2002 UNAPPROVED SHARE OPTION PLAN THE PERFORMANCE CONDITION IS CALCULATED USING EPS. FOR MINIMUM VESTING THE INCREASE IN EPS OVER THE PERFORMANCE PERIOD IS RPI+9% AND FOR MAXIMUM VESTING IS RPI+30%. VESTING IS ON A STRAIGHT LINE BASIS BETWEEN THESE TWO POINTS. BELOW MEDIAN, NO PART OF AN AWARD VESTS. B) THE VITEC GROUP 2005 LONG TERM INCENTIVE PLAN THE PERFORMANCE CONDITION IS CALCULATED USING VITEC'S TOTAL SHAREHOLDER RETURN COMPARED TO A GROUP OF APPROXIMATELY 70 OTHER COMPANIES OF SIMILAR MARKET CAPITALISATION AND GEOGRAPHICAL SPREAD. AT MEDIAN PERFORMANCE THE VESTING LEVEL IS 35% OF AN AWARD. FULL VESTING IS AT TOP QUINTILE PERFORMANCE. VESTING IS ON A STRAIGHT LINE BASIS BETWEEN MEDIAN AND TOP QUINTlLE. BELOW MEDIAN, NO PART OF AN AWARD VESTS. 24. Name of contact and telephone number for queries ROLAND PEATE 020 8939 4650 Name of authorised officer of issuer responsible for making notification ROLAND PEATE Date of notification 12 MARCH 2008 This information is provided by RNS The company news service from the London Stock Exchange