Business
Restricted Share Plan - Vesting and Award
Restricted Share Plan - Vesting and Award.
About this update from Videndum Plc
[{"type":"text","content":"\n \n \n RNS Number : 8104V\n Vitec Group PLC (The)\n 11 August 2020\n \n \n \n \n 11 August 2020\n \n \n \n \n \n THE VITEC GROUP PLC\n \n \n \n \n \n Notification of Transactions of Directors and Persons Discharging Managerial Responsibility (PDMRs)\n \n \n \n \n \n \n \n \n Vesting of Restricted Share Award\n \n \n \n \n \n The Vitec Group plc (\"the Company\") announces that on 11 August 2020, following the release of the half year results announcement, the following restricted share awards over ordinary shares of 20 pence each in the Company under the Restricted Share Plan (\"RSP\") were exercised by the following PDMRs. The awards were not subject to any performance conditions, only ongoing employment on the vesting date. The awards were made in part exchange for salary waivers implemented in response to Covid-19. \n \n \n \n \n \n \n \n \n \n \n \n \n Name\n \n \n \n \n Number of Ordinary shares acquired for nil consideration \n \n \n \n \n Number of Ordinary shares disposed to cover tax liability1\n \n \n \n \n Price per Ordinary share at which shares sold (closing mid-market price on 6 August 2020)\n \n \n \n \n Number of Ordinary shares retained\n \n \n \n \n Total holding of Ordinary shares2\n \n \n \n \n \n \n Alan Hollis\n \n \n \n \n 1,051\n \n \n \n \n 0\n \n \n \n \n Not applicable\n \n \n \n \n 1,051\n \n \n \n \n 83,130 (8,179)\n \n \n \n \n \n \n Marco Pezzana\n \n \n \n \n 1,075\n \n \n \n \n 0\n \n \n \n \n Not applicable\n \n \n \n \n 1,075\n \n \n \n \n 92,044 (9,210)\n \n \n \n \n \n \n Jon Bolton\n \n \n \n \n 685\n \n \n \n \n 322\n \n \n \n \n £6.50\n \n \n \n \n 363\n \n \n \n \n 43,000 (3,105)\n \n \n \n \n \n \n \n \n \n \n \n \n Restricted Share Award - 10 August 2020\n \n \n \n \n \n Alan Hollis, in part exchange for a material salary sacrifice from July to September 2020, has received a restricted share award on 10 August 2020 over 1,044 ordinary shares in the Company that will vest on 1 October 2020. This award is not subject to any performance conditions and was calculated on a share price of £6.50.\n \n \n \n \n \n \n \n \n Notes:\n \n \n \n 1 \n \n Where shares are not being sold, the tax liability is to be settled with PDMRs' own funds. \n \n \n \n 2\n \n The number in brackets represents shares he...