REG - QinetiQ Group plc - Director/PDMR Shareholding

QinetiqAnnouncement

01/07/2020 10:50

RNS Number : 7130R
  
QinetiQ Group plc
  
01 July 2020
  
 

 
QinetiQ Group plc (the "Company") 
Notification and public disclosure of transactions by persons discharging managerial responsibilities or persons closely associated with them
On 30 June 2020, the following Directors and Persons Discharging Managerial Responsibility ("PDMR") were granted awards ("Awards") over ordinary shares in the Company ("Shares"), under the Company's 2017 Group Incentive Plan (the "Plan").  
As noted in the Remuneration Committee Chair's statement in the FY20 Annual Report, to manage cash outflow in June 2020, as per QinetiQ's measures to respond to COVID-19, the Bonus Banking Plan awards which are annually granted under the Plan to the CEO and CFO, and previously payable in cash, will this year instead be delivered in Shares under that same Plan.  Normally, the awards paid out under the Bonus Banking Plan would not be subject to any holding period; however, the Award Shares will be made subject to a one-year holding period in accordance with the Plan rules. More information can be found on page 100 of the Annual Report.
The Awards are therefore equivalent to the value that was due to be paid out in cash in respect of the Bonus Banking Plan awards for the financial year ended 31 March 2020.  Shares subject to the Awards are expected to be delivered under the Plan on 11 August 2020, at which point the one-year holding period will commence.



Name of Director/PDMR


Number of Shares Awarded




Steve Wadey


318,006




David Smith


238,598



 
A further announcement will be made on 11 August 2020 (or as close as possible to this date) relating to the delivery of Shares in respect of these Awards, and the sale of such Shares to cover the PDMRs income tax and employees National Insurance Contributions, as applicable.



1.


Details of PDMR / person closely associated with them ("PCA")




(a)


Name


Steve Wadey




2.


Reason for the notification




(a)


Position / status


Chief Executive Officer 




(b)


Initial notification / amendment


Initial notification




3.


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




(a)


Name


QinetiQ Group plc




(b)


Legal Entity Identifier Code


213800S8OBDOZMCMUW34




4.


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted




 
(a)


 
Description of the financial instrument
 
Identification code
 
 


 
QinetiQ Group plc ordinary shares of 1 pence
 
 
GB00B0WMWD03




(b)


Nature of the transaction


Award of ordinary shares under the 2017 QinetiQ Group plc Incentive Plan (the "Plan") (subject to a a one-year holding period)




(c) 


Price(s) and volume(s)


Price(s)


Volume(s)




Nil


318,006




 
(d)


 
Aggregated information
 
-     Price
 
-     Volume
 
-     Total
 


 
N/A
 
 




(e)


Date of the transaction


2020-06-30




(f)


Place of the transaction


Outside of trading venue



 
                                                                                                           




 
QinetiQ Group plc (the "Company") 
Notification and public disclosure of transactions by persons discharging managerial responsibilities or persons closely associated with them



1.


Details of PDMR / person closely associated with them ("PCA")




(a)


Name


David Smith




2.


Reason for the notification




(a)


Position / status


Chief Financial Officer 




(b)


Initial notification / amendment


Initial notification




3.


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




(a)


Name


QinetiQ Group plc




(b)


Legal Entity Identifier Code


213800S8OBDOZMCMUW34




4.


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted




 
(a)


 
Description of the financial instrument
 
Identification code
 
 


 
QinetiQ Group plc ordinary shares of 1 pence
 
 
GB00B0WMWD03




(b)


Nature of the transaction


Award of ordinary shares under the 2017 QinetiQ Group plc Incentive Plan (the "Plan") (subject to a one-year holding period)




(c) 


Price(s) and volume(s)


Price(s)


Volume(s)




Nil 


238,598




 
(d)


 
Aggregated information
 
-     Price
 
-     Volume
 
-     Total
 


 
N/A
 
 




(e)


Date of the transaction


2020-06-30




(f)


Place of the transaction


Outside of trading venue



 
 


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