17 Apr 2012 08:58
17 April 2012
THE VITEC GROUP PLC
Notification of Transactions of Directors and Persons Discharging Managerial Responsibility (PDMRs)
Long Term Incentive Plan (LTIP)
The Vitec Group plc ("the Company") announces that on 16 April 2012 the following awards of ordinary shares of 20 pence each were made under the Company's LTIP to Directors and PDMRs.
Name | Position | Award of LTIP shares (subject to satisfaction of performance conditions) |
Stephen Bird | Group Chief Executive | 58,124 |
Paul Hayes | Group Finance Director | 39,958 |
Joop Janssen | PDMR | 38,267 |
Marco Pezzana | PDMR | 32,089 |
Jerry Gepner | PDMR | 31,868 |
Steve Shpock | PDMR | 34,425 |
Jon Bolton | PDMR | 21,515 |
Subject to testing of performance conditions, the awards made under the Long Term Incentive Plan will vest following the end of the three year performance period on 16 April 2015. 50% of the award is subject to the Company's Total Shareholder Return ranked against the constituents of the FTSE 250 index (excluding financial services companies and investment trusts) and 50% of the award is subject to the growth in the Company's Earnings per Share, excluding significant items.
Enquiries:
Jon Bolton
Group Company Secretary
Rachael Nelson
Deputy Company Secretary
020 8332 4600
A Snapshot of The Vitec Group
Vitec is an international Group principally serving customers in the broadcast, photographic and military, aerospace and government (MAG) markets. Listed on the London Stock Exchange with 2011 revenue of £351.0 million, Vitec is based on strong, well known, premium brands on which its customers worldwide rely. Vitec is organised in three Divisions: Videocom, Imaging & Staging, and Services.
Videocom designs and distributes systems and products used in broadcasting and live entertainment, film and video production and MAG.
Imaging & Staging designs, manufactures and distributes equipment and accessories for photography, video and events.
Services provides equipment rental, workflow design and technical support for camera, video, audio, fibre optic and wireless technology used by TV production teams and film crews.
More information can be found at: www.vitecgroup.com.