Business
2013 Deferred Bonus Plan Award - Vesting outcome
2013 Deferred Bonus Plan Award - Vesting outcome.
About this update from Videndum Plc
[{"type":"text","content":"\n \nRNS Number : 6991U The Vitec Group PLC 08 April 2016 \n\n \n8 April 2016\n \n \nTHE VITEC GROUP PLC\n \nNotification of Transactions of Directors and Persons Discharging Managerial Responsibility (PDMRs)\n \nThe 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:\n \n· transfer of Core Awards and associated dividend shares under the Deferred Bonus Plan (\"DBP\") made in 2013; and\n· lapsing of Matching Awards under the DBP made in 2013.\n \nThe Company confirms that neither of the performance conditions associated with awards made on 8 April 2013 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. \n \n \nStephen Bird, Group Chief Executive\n \n\n\n\n\nTransaction\n\n\nDate of acquisition or lapse\n\n\nNumber of shares acquired\n \n\n\nNumber of awards lapsed\n\n\nPrice per share at which associated dividend shares were acquired\n\n\n\n\nTransfer of Core Award shares and acquisition of associated dividend shares\n\n\n8 April 2016\n\n\n17,899 (of which 15,969 were Core Award shares purchased with funds from Stephen Bird in 2013)\n\n\n-\n\n\n£5.79\n\n\n\n\nLapse of Matching Award\n\n\n8 April 2016\n\n\n-\n\n\n15,969\n\n\nn/a\n\n\n\n\n \nFollowing the above transactions, Stephen Bird's holding has increased to 269,544 ordinary shares in the Company. This includes 37,553 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.\n \n \nPaul Hayes, Group Finance Director\n \n\n\n\n\nTransaction\n\n\nDate of acquisition or lapse\n\n\nNumber of shares acquired\n \n\n\nNumber of awards lapsed\n\n\nPrice per share at which associated dividend shares were acquired\n\n\n\n\nTransfer of Core Award shares and acquisition of associated dividend shares\n\n\n8 April 201...