Business
Vesting of 2016 Deferred Bonus Plan Awards
Vesting of 2016 Deferred Bonus Plan Awards.
About this update from Videndum Plc
[{"type":"text","content":"\n \nRNS Number : 9383V Vitec Group PLC (The) 11 April 2019 \n\n \n11 April 2019\n \n \nTHE VITEC GROUP PLC\n \nNotification of Transactions of Directors and Persons Discharging Managerial Responsibility (PDMRs)\n \nDeferred Bonus Plan - Vesting of 2016 Awards\n \nThe Vitec Group plc (\"the Company\") announces that the following transactions were undertaken by Directors and PDMRs in the ordinary shares of the Company on 11 April 2019 in connection with the maturity of the 2016 Deferred Bonus Plan (\"DBP\"). In summary, for the 2016 DBP, each Director or PDMR deferred a proportion of their 2015 annual cash bonus into the DBP. The deferred bonus was used to purchase shares in the Company at a price of £5.8925 per share (\"DBP award shares\") that were held in the Employee Trust for a three year deferral period. No performance conditions are attached to the DBP award shares and dividends paid during the deferral period on the DBP award shares have been automatically reinvested in additional dividend shares. There are no matching award shares that can be earned on the DBP award shares.\n \nStephen Bird, Group Chief Executive\n \n\n\n\n\nTransaction\n\n\nDate of transfer\n\n\nTotal shares vested including dividend shares\n\n\nNumber of shares retained\n \n\n\nPrice per share at which associated dividend shares were acquired \n\n\n\n\nTransfer of DBP award shares (including associated dividend shares)\n\n\n11 April 2019\n\n\n5,068 (of which 4,716 were DBP award shares)\n\n\n5,068\n\n\n£11.275\n\n\n\n\n \nFollowing the above transaction, Stephen Bird's holding is now 245,294 ordinary shares in the Company. This includes 32,763 ordinary shares purchased in the market with funds provided by Stephen Bird and held by Link Asset Services, the Trustee used to hold shares in respect of awards made under the 2014 Deferred Bonus Plan. Stephen Bird's holding also includes 2,000 shares held by a connected person. \n \nMartin Green, Group Business Development Director\n \n\n\n\n\nTransaction\n\n\nDate of transfer\n\n\nTotal shares vested including dividend shares\n\n\nNumber of shares retained\n \n\n\nPrice per share at which associated dividend shares were acquired \n\n\n\n\nTransfer of DBP award shares (including associated dividend shares)\n\n\n11 April 2019\n\n\n1,59...