REG - Videndum PLC - Director/PDMR Shareholding

VidendumAnnouncement

02/10/2023 12:45

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RNS Number : 3945O  Videndum PLC  02 October 2023

 

2 October 2023

 

VIDENDUM PLC

 

 

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

 

Videndum plc ("the Company") announces the following share dealings by its
Directors and PDMRS:-

 

STEPHEN BIRD - Group Chief Executive Officer

 

Stephen Bird in compliance with a court order on 29 September 2023 transferred
for nil-consideration 20,000 Videndum plc ordinary shares to his former
spouse.

 

On 29 September 2023, Stephen Bird's 2020 LTIP award matured having achieved
46.9% of the performance conditions.  The performance conditions were based
on the Company's absolute share price measured from 1 July 2020 to the 28
February 2023 and with a relative Total Shareholder Return target.  As a
consequence the following maturity was processed:-

 

 Original LTIP award of shares  % of performance condition achieved  Number of shares vested (including dividend shares)  Shares sold for tax and costs at £3.095581 per share   Net award of shares (retained by Stephen Bird)
 126,023                        46.9%                                59,124 plus 13,546 dividend shares                   34,276                                                 38,394

 

Following the above transactions, Stephen Bird's shareholding in the Company
has increased from 197,083 to 235,477 of which 22,745 are shares purchased in
the market with funds provided by Stephen Bird and which APEX Fund Services,
the Trustee used to hold shares in respect of awards made under Videndum plc's
2014 Deferred Bonus Plan and 2,000 are shares held through a connected person.

 

MARCO PEZZANA - Group Chief Operating Officer and Divisional CEO, Media
Solutions

 

On 29 September 2023, Marco Pezzana's 2020 LTIP award matured having achieved
46.9% of the performance conditions.  The performance conditions are as
described above for Stephen Bird.  As a consequence the following maturity
was processed:-

 

 Original LTIP award of shares  % of performance condition achieved  Number of shares vested (including dividend shares)  Shares sold for tax and costs at £3.095581 per share   Net award of shares (retained by Marco Pezzana)
 60,000                         46.9%                                28,140 plus 6,447 dividend shares                    24,964                                                 9,623

 

As a consequence, Marco Pezzana's shareholding in the Company has increased
to:-

 

114,162 ordinary shares - of which 9,077 are shares purchased in the market
with funds provided by Marco Pezzana and which APEX Fund Services, the Trustee
used to hold shares in respect of awards made under Videndum plc's 2014
Deferred Bonus Plan.

 

NICOLA DAL TOSO - Divisional CEO, Production Solutions

 

On 29 September 2023, Nicola dal Toso's 2020 LTIP award matured having
achieved 46.9% of the performance conditions.  The performance conditions are
as described above for Stephen Bird.  As a consequence the following maturity
was processed:-

 

 Original LTIP award of shares  % of performance condition achieved  Number of shares vested (including dividend shares)  Shares sold for tax and costs at £3.095581 per share   Net award of shares (retained by Nicola Dal Toso)
 20,000                         46.9%                                9,380 plus 2,149 dividend shares                     8,322                                                  3,207

 

As a consequence, Nicola dal Toso's shareholding in the Company has increased
to:-

 

18,659 ordinary shares - of which 8,831 are shares purchased in the market
with funds provided by Nicola Dal Toso and which APEX Fund Services, the
Trustee used to hold shares in respect of awards made under Videndum plc's
2014 Deferred Bonus Plan.

 

MARCO VIDALI - Divisional CEO, Creative Solutions

 

On 29 September 2023, Marco Vidali's 2020 LTIP award matured having achieved
46.9% of the performance conditions.  The performance conditions are as
described above for Stephen Bird.  As a consequence the following maturity
was processed:-

 

 Original LTIP award of shares  % of performance condition achieved  Number of shares vested (including dividend shares)  Shares sold for tax and costs at £3.095581 per share   Net award of shares (retained by Marco Vidali)
 20,000                         46.9%                                9,380 plus 2,149 dividend shares                     5,401                                                  6,128

 

As a consequence, Marco Vidali's shareholding in the Company has increased
to:-

 

15,669 ordinary shares - of which 2,408 are shares purchased in the market
with funds provided by Marco Vidali and which APEX Fund Services, the Trustee
used to hold shares in respect of awards made under Videndum plc's 2014
Deferred Bonus Plan.

 

 

 

 

 

 

JON BOLTON - Group Company Secretary and HR Director

 

On 29 September 2023, Jon Bolton's 2020 LTIP award matured having achieved
46.9% of the performance conditions.  The performance conditions are as
described above for Stephen Bird.  As a consequence the following maturity
was processed:-

 

 Original LTIP award of shares  % of performance condition achieved  Number of shares vested (including dividend shares)  Shares sold for tax and costs at £3.095581 per share   Net award of shares (retained by Stephen Bird)
 40,836                         46.9%                                19,152 plus 4,388 dividend shares                    11,103                                                 12,437

 

As a consequence, Jon Bolton's shareholding in the Company has increased to:-

 

47,234 ordinary shares - of which 3,218 are shares purchased in the market
with funds provided by Jon Bolton and which APEX Fund Services, the Trustee
used to hold shares in respect of awards made under Videndum plc's 2014
Deferred Bonus Plan.

 

 

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 1,700 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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