VIDENDUM PLC

Remuneration Information • Mar 1, 2021

National Storage Mechanism | Additional information

RNS Number : 7583Q

Vitec Group PLC (The)

01 March 2021

1 March 2021

THE VITEC GROUP PLC

Notification of Transactions of Directors and Persons Discharging Managerial Responsibility (PDMRs)

Long Term Incentive Plan (LTIP) - Lapse of 2018 Awards

The Vitec Group plc (the "Company")  confirms that neither of the performance conditions associated with awards made under the LTIP on 2 March 2018 reached threshold performance conditions for vesting and hence all awards under the 2018 LTIP will lapse on their third anniversary on 2 March 2021. The performance conditions were based 67% on adjusted earnings per share growth and 33% on Total Shareholder Return performance compared to a comparator group.

Details of the awards that have lapsed are as follows:

Name	Position	Number of 2018 LTIP awards lapsed
Stephen Bird	Group Chief Executive	50,106
Martin Green	Group Finance Director	29,558
Marco Pezzana	PDMR	25,170
Jon Bolton	PDMR	15,489
Nicola Dal Toso	PDMR	5,000

Deferred Bonus Plan - Vesting of 2020 Awards

The following transactions were undertaken by Stephen Bird and Martin Green in the ordinary shares of the Company on 26 February 2021 in connection with the maturity of the 2020 Deferred Bonus Plan ("DBP"). Each Director deferred 100% of their 2019 bonus into the DBP. The deferred bonus was used to purchase shares in the Company at a price of £5.81 per share ("DBP award shares") that were held in the Employee Trust on behalf of each Director. 50% of the award was to vest in January 2021 (or as close as possible thereafter) and 50% on the third anniversary of the award.

Stephen Bird, Group Chief Executive

Transaction	Date of transfer	Total shares vested	Number of shares retained
Transfer of DBP award shares	26 February 2021	5,676	5,676

Following the above transaction, Stephen Bird's shareholding is 317,957 ordinary shares in the Company. This includes 25,095 ordinary shares purchased in the market with funds provided by Stephen Bird and held by Apex Fund Services, the Trustee used to hold shares in respect of awards made under The Vitec Group 2014 Deferred Bonus Plan. Stephen Bird's holding also includes 2,000 shares held by a connected person.

Martin Green, Group Finance Director

Transaction	Date of transfer	Total shares vested	Number of shares retained
Transfer of DBP award shares	26 February 2021	3,701	3,701

Following the above transaction, Martin Green's shareholding is 112,105 ordinary shares in the Company. This includes 15,156 ordinary shares purchased in the market with funds provided by Martin Green and held Apex Fund Services, the Trustee used to hold shares in respect of awards made under The Vitec Group 2014 Deferred Bonus Plan.

Vesting of Restricted Share Award

On 26 February 2021 the following share award over ordinary shares of 20 pence each in the Company under the Restricted Share Award ("RSP") was exercised by the following PDMR. The award was not subject to any performance conditions, only ongoing employment on the vesting date. The award was made in exchange for a salary waiver implemented in response to COVID-19.

Name of PDMR	Number of Ordinary shares acquired for nil consideration	Number of Ordinary shares disposed to cover tax liability	Number of Ordinary shares retained	Total holding of Ordinary shares
Nicol Verheem	22,166	0	22,166	143,185

Exercise of options under Sharesave Scheme

On 26 February 2021 the following option was exercised by a PDMR under The Vitec Group's 2011 International Sharesave Plan:

Name	Position	Number of options exercised and shares retained	Option price (per share)	Resultant holding of the Company's shares following exercise of Sharesave options
Nicol Verheem	PDMR	444	£8.36	143,629 ordinary shares

On 1 March 2021 the following option was exercised by a PDMR under The Vitec Group's 2011 UK Sharesave Scheme:

Name	Position	Number of options exercised and shares retained	Option price (per share)	Resultant holding of the Company's shares following exercise of Sharesave options
Jon Bolton	PDMR	459	£7.84	43,459 ordinary shares made up of personal holdings of 40,354 shares and 3,105 shares held under the Deferred Bonus Plan ("DBP") by the Employee Trustee, Apex Group.

Enquiries:

Jon Bolton

Group Company Secretary

Tel: 020 8332 4600

A snapshot of The Vitec Group plc

Vitec is a leading global provider of premium branded hardware products and software solutions to the growing content creation market.

Vitec's customers include broadcasters, film studios, production and rental companies, photographers, independent content creators and enterprises. Our product portfolio includes camera supports, video transmission systems and monitors, live streaming solutions, smartphone accessories, robotic camera systems, prompters, LED lighting, mobile power, bags and motion control, audio capture and noise reduction equipment.

We employ around 1,600 people across the world in 11 different countries and are organised in three Divisions: Imaging Solutions, Production Solutions and Creative Solutions.

The Vitec Group plc is listed on the London Stock Exchange.

More information can be found at: www.vitecgroup.com

LEI number: 2138007H5DQ4X8YOCF14

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