REG - Videndum PLC - Director/PDMR Shareholding

VidendumAnnouncement

04/04/2023 12:00

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RNS Number : 3234V  Videndum PLC  04 April 2023

 

4 April 2023

 

 

VIDENDUM PLC

 

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

 

Deferred Bonus Plan - Vesting of 2020 Awards

 

Videndum plc ("the Company") announces that the following transactions were
undertaken by Directors and PDMRs in the ordinary shares of the Company on 3
April 2023 in connection with the maturity of the 2020 Deferred Bonus Plan
("DBP"). In summary, for the 2020 DBP, each Director or PDMR deferred a
proportion of their 2019 annual cash 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 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.

 

Stephen Bird, Group Chief Executive

 

 Transaction                                                            Date of transfer  Total shares vested including dividend shares  Number of shares retained  Price per share at which associated dividend shares were acquired

 Transfer of DBP award shares (including  associated dividend shares)   3 April 2023      6,023 (of which 5,676 were DBP award shares)   6,023                      £8.89

 

 

Marco Pezzana, PDMR

 

 Transaction                                                          Date of transfer  Total shares vested including dividend shares  Number of shares retained  Price per share at which associated dividend shares were acquired

 Transfer of DBP award shares (including associated dividend shares)  3 April 2023      2,625 (of which 2,474 were DBP award shares)   2,625                      £8.89

 

 

 

Jon Bolton, PDMR

 

 Transaction                                                          Date of transfer  Total shares vested including dividend shares  Number of shares retained  Price per share at which associated dividend shares were acquired

 Transfer of DBP award shares (including associated dividend shares)  3 April 2023      755 (of which 712 were DBP award shares)       755                        £8.89

 

 

Deferred Bonus Plan (DBP) - 2023 Awards

 

The Company further announces that awards under the Deferred Bonus Plan
("DBP") have been made on 3 April 2023 following purchases of ordinary shares
of 20 pence each by the following Executive Directors and PDMRs following the
deferral of a proportion of the 2022 bonus. The shares were purchased at an
average price of £8.763941 and will be held by Apex Fund Services in a
nominee capacity on behalf of the Executive Directors and PDMRs.

 

The shares purchased will be held for three years until vesting under the
normal operation of the DBP.

 

There are no performance conditions or matching shares associated with the
DBP.

 

 Name              Position                         Number of shares purchased for 2023 DBP Award  Percentage of 2022 annual bonus deferred  Current shareholding following 2020 DBP vesting and 2023 DBP award*  % of 2023 salary held for Executive Directors***

 Stephen Bird      Group Chief Executive            9,093                                          50%                                       217,083 (22,745)*                                                    376%
 Andrea Rigamonti  Group Chief Financial Officer    317                                            50% (since appointment as a Director)     6,206 (317)*                                                         18%
 Marco Pezzana     PDMR                             3,365                                          30%                                       104,539 (9,077)*                                                     -
 Nicola Dal Toso   PDMR                             4,599                                          30%                                       14,831 (8,831)*                                                      -
 Marco Vidali      PDMR                             2,408                                          30%                                       9,541 (2,408)*                                                       -
 Jon Bolton        PDMR                             1,336                                          20%                                       34,797 (3,218)*                                                      -

 

 

* The number in brackets refers to the number of ordinary shares purchased in
the market with funds provided by the Executive Director or PDMR and which are
held by Apex Fund Services, the Trustee used to hold shares in respect of
awards made under  Videndum plc 2014 Deferred Bonus Plan.

 

** Stephen Bird's current shareholding also reflects 2,000 shares held through
a connected person.

 

*** Based on closing mid-market share price on 31 March 2023.

 

As a consequence of the above transactions, each Executive Director and PDMR
has increased their shareholding in the Company.

 

Enquiries:

 

Jon Bolton

Group Company Secretary

 

020 8332 4600

 

 

A snapshot of Videndum plc

 

Videndum is a leading global provider of premium branded hardware products and
software solutions to the growing 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, gamers, 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, motion control, audio capture, and noise
reduction equipment.

 

We employ around 1,900 people across the world in 11 different countries.
Videndum plc is listed on the London Stock Exchange, ticker: VID.

 

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

 

LEI number: 2138007H5DQ4X8YOCF14

 

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