2012 Deferred Bonus Plan Award - Vesting outcome
Monday, 13 April 2015
THE VITEC GROUP PLC
Notification of Transactions of Directors and Persons Discharging Managerial Responsibility (PDMRs)
The Vitec Group plc ("the Company") announces that the following transactions were undertaken by Directors or PDMRs in the ordinary shares of the Company on the dates indicated in the tables below:
· transfer of Core Awards and associated dividend shares under the Deferred Bonus Plan ("DBP") made in 2012; and
· lapsing of Matching Awards under the DBP made in 2012.
The Company confirms that neither of the performance conditions associated with awards made on 12 April 2012 under the DBP reached threshold conditions for vesting and hence the Matching Awards under the DBP have lapsed. The performance conditions were based 50% on earnings per share growth and 50% on Total Shareholder Return performance compared to a comparator group.
Stephen Bird, Group Chief Executive
|
Transaction |
Date of acquisition or lapse |
Number of shares acquired
|
Number of awards lapsed |
Price per share at which associated dividend shares were acquired |
|
Transfer of Core Award shares and acquisition of associated dividend shares |
13 April 2015 |
25,296 (of which 22,946 were Core Award shares purchased with funds from Stephen Bird in 2012) |
- |
£6.5225 |
|
Lapse of Matching Award |
12 April 2015 |
- |
22,946 |
n/a |
Following the above transactions, Stephen Bird's holding has increased to 243,082 ordinary shares in the Company. This includes 44,282 ordinary shares purchased in the market with funds provided by Stephen Bird and held by Capita Trustees Limited, the Trustee used to hold shares in respect of awards made under The Vitec Group 2005 Deferred Bonus Plan and 2014 Deferred Bonus Plan.
Paul Hayes, Group Finance Director
|
Transaction |
Date of acquisition or lapse |
Number of shares acquired
|
Number of awards lapsed |
Price per share at which associated dividend shares were acquired |
|
Transfer of Core Award shares and acquisition of associated dividend shares |
13 April 2015 |
9,748 (of which 8,843 were Core Award shares purchased with funds from Paul Hayes in 2012) |
- |
£6.5225 |
|
Lapse of Matching Award |
12 April 2015 |
- |
8,843 |
n/a |
Following the above transactions, Paul Hayes' holding has increased to 69,941 ordinary shares in the Company. This includes 31,193 ordinary shares purchased in the market with funds provided by Paul Hayes and held by Capita Trustees Limited, the Trustee used to hold shares in respect of awards made under The Vitec Group 2005 Deferred Bonus Plan and 2014 Deferred Bonus Plan.
Marco Pezzana, PDMR
|
Transaction |
Date of acquisition or lapse |
Number of shares acquired
|
Number of awards lapsed |
Price per share at which associated dividend shares were acquired |
|
Transfer of Core Award shares and acquisition of associated dividend shares |
13 April 2015 |
1,817 (of which 1,649 were Core Award shares purchased with funds from Marco Pezzana in 2012) |
- |
£6.5225 |
|
Lapse of Matching Award |
12 April 2015 |
- |
1,649 |
n/a |
Following the above transactions, Marco Pezzana's holding has increased to 25,492 ordinary shares in the Company. This includes 8,327 ordinary shares purchased in the market with funds provided by Marco Pezzana and held by Capita Trustees Limited, the Trustee used to hold shares in respect of awards made under The Vitec Group 2005 Deferred Bonus Plan and 2014 Deferred Bonus Plan.
Martin Green, PDMR
|
Transaction |
Date of acquisition or lapse |
Number of shares acquired
|
Number of awards lapsed |
Price per share at which associated dividend shares were acquired |
|
Transfer of Core Award shares and acquisition of associated dividend shares |
13 April 2015 |
910 (of which 826 were Core Award shares purchased with funds from Martin Green in 2012) |
- |
£6.5225 |
|
Lapse of Matching Award |
12 April 2015 |
- |
826 |
n/a |
Following the above transactions, Martin Green's holding has increased to 30,116 ordinary shares in the Company. This includes 12,244 ordinary shares purchased in the market with funds provided by Martin Green and held by Capita Trustees Limited, the Trustee used to hold shares in respect of awards made under The Vitec Group 2005 Deferred Bonus Plan and 2014 Deferred Bonus Plan.
Jon Bolton, PDMR
|
Transaction |
Date of acquisition or lapse |
Number of shares acquired
|
Number of awards lapsed |
Price per share at which associated dividend shares were acquired |
|
Transfer of Core Award shares and acquisition of associated dividend shares |
13 April 2015 |
880 (of which 799 were Core Award shares purchased with funds from Jon Bolton in 2012) |
- |
£6.5225 |
|
Lapse of Matching Award |
12 April 2015 |
- |
799 |
n/a |
Following the above transactions, Jon Bolton's holding has increased to 24,916 ordinary shares in the Company. This includes 4,452 ordinary shares purchased in the market with funds provided by Jon Bolton and held by Capita Trustees Limited, the Trustee used to hold shares in respect of awards made under The Vitec Group 2005 Deferred Bonus Plan and 2014 Deferred Bonus Plan.
Enquiries:
Jon Bolton
Group Company Secretary
020 8332 4600
A Snapshot of The Vitec Group
Vitec is a global provider of premium branded products and services to the Broadcast and
Photographic markets. Vitec is listed on the London Stock Exchange with 2014 revenue of £309.6 million.
The Group is organised in two Divisions:
The Broadcast Division designs, manufactures and distributes premium branded products for broadcasting, film and video production for broadcasters and independent content creators. It also provides premium services including equipment rental and technical solutions to TV production teams and film crews.
The Photographic Division designs, manufactures and distributes premium branded equipment and provides dedicated solutions to professional and non-professional image takers.
More information can be found at: www.vitecgroup.com
This information is provided by RNS
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