The Vitec ( (GB:VID) ) has shared an announcement.
Videndum plc announced that several of its directors and persons discharging managerial responsibilities have participated in a direct subscription for the company’s ordinary shares as part of an equity raise. This move, executed on the London Stock Exchange, reflects a strategic effort to bolster the company’s financial position and demonstrates confidence from its leadership in the company’s future prospects.
More about The Vitec
Videndum is a leading global provider of premium branded hardware products and software solutions to the growing content creation market. Its customers include broadcasters, film studios, production and rental companies, photographers, independent content creators, gamers, professional musicians, and enterprises. The company’s 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. Videndum employs around 1,500 people across the world in 10 different countries and is listed on the London Stock Exchange under the ticker VID.
YTD Price Performance: -43.42%
Average Trading Volume: 491,390
Technical Sentiment Signal: Strong Buy
Current Market Cap: £77.8M
For detailed information about VID stock, go to TipRanks’ Stock Analysis page.