VIDENDUM PLC

Remuneration Information • May 7, 2024

National Storage Mechanism | Additional information

RNS Number : 4304N

Videndum PLC

07 May 2024

7 May 2024

VIDENDUM PLC

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

Long Term Incentive Plan ("LTIP") - 2024 Awards

Videndum plc ("the Company") announces that on 2 May 2024 the following awards of ordinary shares of 20 pence each were made under the Company's LTIP to Executive Directors and PDMRs.

Name	Position	Award of 2024 LTIP shares
Stephen Bird	Group Chief Executive	286,817
Andrea Rigamonti	Group Chief Financial Officer	153,134
Marco Pezzana	PDMR	120,000
Nicola Dal Toso	PDMR	120,000
Marco Vidali	PDMR	120,000
Jon Bolton	PDMR	67,500

The awards to Stephen Bird and Andrea Rigamonti represent 150% and 125% of salary respectively.

The awards will be subject to the following two performance conditions that will run from 1 January 2024 to 31 December 2026:

(1)   TSR

33% of the award is subject to the Company's TSR performance measured against a comparator group. The comparator group will be the constituents of the FTSE 250 index (excluding financial services companies and investments trusts). 25% of this element of the award will vest if the Company's TSR is at the median point of the comparator group at the end of the performance period and 100% will vest if the Company's TSR is at or above the upper quartile of the comparator group at the end of the performance period. A straight-line sliding scale will operate between these two points and there will be no vesting below the median point.

(2)   EPS

67% of the award is subject to growth in the Company's adjusted earnings per share ("adjusted EPS") over the three-year performance period. The adjusted EPS performance condition has threshold set at 38 pence and a stretch set at 50 pence for the year ended 31 December 2026 with a straight-line sliding scale between each point. At threshold, 25% of this element of the award will vest and at stretch 100% of this element of the award will vest. There will be no vesting below 38 pence per share.

ROCE

The Remuneration Committee will also continue to use a ROCE underpin to ensure the underlying financial performance of the business, for the EPS element of the award, as part of the vesting outcome. The Committee will also retain a discretion to scale back the vesting of an award should it result in an unfair outcome for shareholders.

Subject to satisfaction of performance conditions, the awards made under the LTIP will vest on the third anniversary of the award - being 2 May 2027. In respect of Executive Directors, any awards vesting under the 2024 award will, after deduction of taxes, be subject to a further two-year holding period.

Jon Bolton

Group Company Secretary

020 8332 4600 

Videndum is a leading global provider of premium branded hardware products and software solutions to the content creation market. We are organised in three Divisions: Videndum Media Solutions, Videndum Production Solutions and Videndum Creative Solutions.

Videndum's customers include broadcasters, film studios, production and rental companies, photographers, independent content creators ("ICC"), professional musicians 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, carrying solutions, backgrounds, audio capture, and noise reduction equipment.

We employ around 1,600 people across the world in ten different countries. Videndum plc is listed on the London Stock Exchange, ticker: VID.

More information can be found at:   https://videndum.com/

LEI number: 2138007H5DQ4X8YOCF14

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