Director and PDMR share dealing

RNS Number : 6133D

The Vitec Group PLC

17 May 2012

 

17 May 2012

THE VITEC GROUP PLC

Notification of Transactions of Directors and Persons Discharging Managerial Responsibility (PDMRs)

Director and PDMR share dealing

The Vitec Group plc ("the Company") announces that on 17 May 2012 Mr John McDonough, an independent non-executive director and Chairman elect of the Company, purchased 25,000 ordinary shares of 20 pence each at £6.50 per share. These shares will be held beneficially by his wife Mrs Lynne McDonough.  Mr McDonough as a consequence of this transaction now holds a total of 25,000 shares, representing 0.06% of the Company's issued share capital.

On the same date, Mr Joop Janssen, a PDMR, sold 67,198 ordinary shares of 20 pence each at £6.50 per share. Mr Janssen now holds 49,453 ordinary shares (0.11% of the Company's issued share capital), of which 7,295 shares have been purchased in the market using funds supplied by Mr Janssen and are 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. 

Enquiries:

Jon Bolton

Group 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.

 

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