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9 Mar 2010 15:24
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Annex DTR3
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Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
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All relevant boxes should be completed in block capital letters.
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1. |
Name of the issuer Β |
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). Β Β |
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THE VITEC GROUP PLC |
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NOTIFICATION RELATES TO (i) |
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3. |
Name of person discharging managerial responsibilities/director Β Β |
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State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person Β Β |
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MARTIN GREEN |
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N/A |
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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 Β Β |
6. |
Description of shares (including class), debentures or derivatives or financial instruments relating to shares Β Β |
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PDMR NAMED IN 3. ABOVE |
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ORDINARY SHARES OF 20 PENCE EACH |
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7. |
Name of registered shareholders(s) and, if more than one, the number of shares held by each of them Β Β |
8. |
State the nature of the transaction Β Β |
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A) PDMR NAMED IN 3 ABOVE
B) N/A
C) N/A |
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A) EXERCISE OF A CORE AWARD OF 902 SHARES MADE ON 21 JUNE 2007 UNDER THE VITEC GROUP 2005 DEFERRED BONUS PLAN AND ISSUE OF 125 DIVIDEND SHARES DUE IN RESPECT OF THAT COREΒ AWARD,Β NO MATCHINGΒ AWARD HAS BEEN MADE IN RESPECT OF THISΒ AWARD DUE TO THE PERFORMANCE CONDITION FAILING TO BE ACHIEVED
B) LAPSE OF AN AWARD OVER 15,876 SHARES MADE ON 22 JUNE 2007 UNDER THE VITEC GROUP 2005 LONG TERM INCENTIVE PLAN DUE TO THEΒ PERFORMANCE CONDITIONΒ FAILING TO BE ACHIEVED
C) AWARD OF 29,002 SHARES UNDER THE VITEC GROUP 2005 LONG TERM INCENTIVE PLAN |
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9. |
Number of shares, debentures or financial instruments relating to shares acquired Β |
10. |
Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) Β Β |
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A) N/A B) N/A C)Β N/A |
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A) N/A B) N/A C)Β N/A |
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11. |
Number of shares, debentures or financial instruments relating to shares disposed Β |
12. |
Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) Β Β |
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N/A |
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N/A |
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13. |
Price per share or value of transaction Β Β Β |
14. |
Date and place of transaction Β Β Β |
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A) N/A B) N/A C)Β N/A |
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A) N/A B) N/A C)Β N/A |
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15. |
Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) Β |
16. |
Date issuer informed of transaction Β Β Β Β Β |
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12,174, 0.03% (INCLUDES 3,232 SHARES PURCHASED IN THE MARKET USING FUNDS SUPPLIED BY MR GREEN AND HELD BY EES TRUSTEES INTERNATIONAL LIMITED, THE TRUSTEE USED TO HOLD SHARES IN RESPECT OF AWARDS MADE UNDER THE VITEC GROUP 2005 DEFERRED BONUS PLAN) |
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N/A |
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If a person discharging managerial responsibilities has been granted options by the issuer
complete the following boxes
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17. |
Date of grant Β Β |
18. |
Period during which or date on which exercisable Β Β |
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8Β MARCH 2010 |
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SUBJECT TO TESTING OF THE PERFORMANCE CONDITIONS, AWARD VESTS FOLLOWING THE END OF THE THREE YEAR PERFORMANCE PERIOD |
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19. |
Total amount paid (if any) for grant of the option |
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Description of shares or debentures involved (class and number) Β Β |
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N/A |
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29,002 ORDINARY SHARES |
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21. |
Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise Β Β |
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Total number of shares or debentures over which options held following notification Β |
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N/A |
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UNDER THE VITEC GROUP 2005 DEFERRED BONUS PLAN
6,464 (ASSUMES 100% ACHIEVEMENT OF PERFORMANCE CONDITION)
UNDER THE 2005 LONG TERM INCENTIVE PLAN
107,730 (ASSUMES 100% ACHIEVEMENT OF PERFORMANCE CONDITION)
UNDER THE 2002 UNAPPROVED SHARE OPTION PLAN
44,009
UNDER THE VITEC GROUP 2002 SHARESAVE SCHEME
6,984 |
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23. |
Any additional information Β |
24. |
Name of contact and telephone number for queries Β |
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50% THE AWARD IS SUBJECT TO VITEC'S TOTAL SHAREHOLDER RETURN COMPARED TO A GROUP OFΒ 60 OTHER COMPANIES OF SIMILAR MARKET CAPITALISATION AND GEOGRAPHICAL SPREAD AND 50% OF THE AWARD IS SUBJECT TO THE GROWTH IN VITEC'S EARNINGS PER SHARE, EXCLUDING EXCEPTIONAL OR EXTRAORDINARY ITEMS |
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JAYNE MILTON 020 8939 4650 |
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Name of authorised official of issuer responsible for making notification Jon Bolton, Company Secretary
Β Date of notification 9 March 2010 Β |
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Notes: This form is intended for use by an issuer to make a RIS notification required by DR 3.3.
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(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. |
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(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. |
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(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. |
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(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. |
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