Business
Exercise of 2017 LTIP Awards
Exercise of 2017 LTIP Awards.
About this update from Videndum Plc
[{"type":"text","content":"\n \n \n RNS Number : 8544E\n Vitec Group PLC (The)\n 03 March 2020\n \n \n \n \n \n \n \n \n \n \n 3 March 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 The Vitec Group plc (\"the Company\") announces that, on 2 March 2020, the PDMRs listed below had the following share dealings in the Company. \n \n \n \n \n \n \n \n \n Marco Pezzana - Chief Executive, Vitec Imaging Solutions\n \n \n \n \n \n Exercised an award made on 28 February 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 Number of Ordinary shares acquired for nil consideration (including associated dividend shares)\n \n \n \n \n Number of Ordinary shares disposed to cover tax liability\n \n \n \n \n Price per Ordinary share at which shares sold (closing mid-market price on 28 February 2020)\n \n \n \n \n Number of Ordinary shares retained\n \n \n \n \n \n \n 29,932\n \n \n \n \n 12,871\n \n \n \n \n £9.00\n \n \n \n \n 17,061\n \n \n \n \n \n \n \n \n Following the above dealings, Marco Pezzana has increased his holding to 81,961 Ordinary shares in the Company (including 11,785 shares held under the Deferred Bonus Plan by the Employee Trustee Apex Fund Services). \n \n \n \n \n \n \n \n \n Alan Hollis, Chief Executive, Vitec Production Solutions\n \n \n \n \n \n Exercised an award made on 28 February 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 Number of Ordinary shares acquired for nil consideration (including associated dividend shares)\n \n \n \n \n Number of Ordinary shares retained\n \n \n \n \n \n \n 25,129\n \n \n \n \n 25,129\n \n \n \n \n \n \n \n \n Following the above dealing, Alan Hollis has increased his holding to 70,249 Ordinary shares in the Company (including 4,630 shares held under the Deferred Bonus Plan by the Employee Trustee Apex Fund Services). \n \n \n \n \n \n \n \n \n Jon Bolton, Group Company Secretary\n \n \n \n \n \n Exercised ...