Business
Exercise of 2017 LTIP award by Executive Directors
Exercise of 2017 LTIP award by Executive Directors.
About this update from Videndum Plc
[{"type":"text","content":"\n \n \n RNS Number : 2388O\n Vitec Group PLC (The)\n 28 May 2020\n \n \n \n \n \n \n \n \n \n \n 28 May 2020\n \n \n \n \n \n THE VITEC GROUP PLC\n \n \n \n \n \n \n \n \n Notification of Transactions of Directors and Persons Discharging Managerial Responsibility (PDMRs)\n \n \n \n \n \n Exercise of 2017 LTIP awards by Executive Directors\n \n \n \n \n \n The Vitec Group plc (\"the Company\") announces that, on 28 May 2020, the following Executive Directors had the following share dealings in the Company. \n \n \n \n \n \n \n \n \n Stephen Bird - Group Chief Executive\n \n \n \n \n \n Exercised an award made on 15 May 2017 under the Long Term Incentive Plan that vested on the basis that 72.06% of the performance conditions tied to the award had been achieved: \n \n \n \n \n \n \n \n \n \n Number of Ordinary shares acquired for nil consideration (including associated dividend shares)\n \n \n \n \n Number of Ordinary shares disposed to cover taxes\n \n \n \n \n Price per Ordinary share at which shares sold (closing mid-market price on 27 May 2020)\n \n \n \n \n Number of Ordinary shares retained\n \n \n \n \n \n \n 64,718\n \n \n \n \n 30,418\n \n \n \n \n £6.84\n \n \n \n \n 34,300\n \n \n \n \n \n \n \n \n \n The retained Ordinary shares will be held for at least a further two-year holding period.\n \n \n \n \n \n Following the above dealings, Stephen Bird has increased his holding to 307,957 Ordinary shares in the Company (including 30,771 shares held under the Deferred Bonus Plan by the Employee Trustee Apex Fund Services and 2,000 shares held through a connected person). This holding represents 444% of his 2020 salary based on the closing mid-market price on 27 May 2020.\n \n \n \n \n \n \n \n \n Martin Green - Group Finance Director\n \n \n \n \n \n Exercised an award made on 15 May 2017 under the Long Term Incentive Plan that vested on the basis that 72.06% of the performance conditions tied to the award had been achieved:\n \n \n \n \n \n \n \n \n \n Number of Ordinary shares acquired for nil consideration (including associated dividend shares)\n \n \n \n \n Number of Ordinary shares disposed principally to cover taxes\n \n \n \n \n Price per Ordinary share at which shares sold (closing mid-market price ...