VTC.L Regulatory News (VTC)

1.

Name of the issuer

2.

State whether the notification relates to (i) a

transaction notified in accordance with DTR 3.1.2 R (PDMR), 

(ii) a disclosure made in accordance 

LR 9.8.6R(1) (Director) or

(iii) a disclosure made in accordance with section 793 of the Companies Act (2006).

THE VITEC GROUP PLC

NOTIFICATION RELATES TO (i)

3.

Name of person discharging managerial

responsibilities/director

4.

State whether notification relates to a person

connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

FRANCESCO BERNARDI

N/A

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 nonbeneficial

interest 1

6.

Description of shares (including class), debentures or derivatives or financial instruments relating to shares

PDMR NAMED IN 3. ABOVE

ORDINARY SHARES OF 20 PENCE EACH

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) AWARD UNDER THE VITEC GROUP 2005 LONG TERM INCENTIVE PLAN B) PURCHASE OF SHARES TO FORM THE CORE AWARD UNDER THE VITEC GROUP 2005 DEFERRED BONUS PLAN (ANY MATCHING AWARD WILL BE CALCULATED ON VESTING IN ACCORDANCE WITH THE RULES OF THE PLAN). THE SHARES WERE PURCHASED BY, AND WILL BE HELD IN TRUST BY, HALIFAX EES TRUSTEES INTERNATIONAL LIMITED, AS TRUSTEE OF THE VITEC GROUP EMPLOYEE TRUST

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)

A) N/A

B) 3,467

A) N/A B) 0.01%

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

A) N/A B) £1.7175 PER SHARE

A) N/A B) 14 APRIL 2009 

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

18,495 0.04% (INCLUDES 11,868 SHARES PURCHASED IN THE MARKET USING FUNDS SUPPLIED BY MR BERNARDI AND HELD BY HALIFAX EES TRUSTEES INTERNATIONAL LIMITED, THE TRUSTEE USED TO HOLD SHARES IN RESPECT OF AWARDS MADE UNDER THE VITEC GROUP DEFERRED BONUS PLAN AND THE VITEC GROUP 2005 DEFERRED BONUS PLAN)

-

17.

Date of awards

18.

Period during which or date on which exercisable

14 APRIL 2009

A) THE VITEC GROUP 2005 LONG TERM INCENTIVE PLAN SUBJECT TO TESTING OF THE PERFORMANCE CONDITION, AWARD VESTS FOLLOWING THE END OF THE THREE YEAR PERFORMANCE PERIOD

B) THE VITEC GROUP 2005 DEFERRED BONUS PLAN THE CORE AWARD CAN BE EXERCISED AFTER TWO YEARS. HOWEVER NO MATCHING AWARD WILL BE MADE UNLESS EXERCISE OF THE CORE AWARD TAKES PLACE AFTER THREE YEARS AND SUBJECT TO SATISFACTION OF THE PERFORMANCE CONDITION

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 2005 LONG TERM INCENTIVE PLAN 114,306 ORDINARY SHARES B) THE VITEC GROUP 2005 DEFERRED BONUS PLAN 3,467 ORDINARY SHARES

21.

Exercise price (if fixed at time of grant) or

indication that price is to be fixed at the time of exercise

22.

Total number of shares or debentures over which options held following notification

N/A

UNDER THE VITEC GROUP 2005 DEFERRED BONUS PLAN 23,736 (ASSUMES 100% ACHIEVEMENT OF PERFORMANCE CONDITION)

UNDER THE 2005 LONG TERM INCENTIVE PLAN 219,991 UNDER THE 2002 UNAPPROVED SHARE OPTION PLAN 98,505 UNDER THE VITEC GROUP 2002 INTERNATIONAL SHARESAVE PLAN 1,810

23.

Any additional information

24.

Name of contact and telephone number for queries

THE PERFORMANCE CONDITION FOR THE VITEC GROUP 2005 LONG TERM INCENTIVE PLAN AWARD AND THE VITEC GROUP 2005 DEFERRED BONUS PLAN MATCHING AWARD IS CALCULATED USING VITEC'S TOTAL SHAREHOLDER RETURN COMPARED TO A GROUP OF 50 OTHER COMPANIES OF SIMILAR MARKET CAPITALISATION AND GEOGRAPHICAL SPREAD.

JAYNE MILTON 020 8939 4650

Name of authorised official of issuer responsible for making notification

JON BOLTON , COMPANY SECRETARY

Date of notification: 15 April 2009

(1)

An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2)

An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.

(3)

An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

(4)

An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.