REG - QinetiQ Group plc - Buyback Programme 3rd Tranche

QinetiqAnnouncement

03/02/2025 07:15

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RNS Number : 5563V  QinetiQ Group plc  03 February 2025

News release

QinetiQ Group plc

Commencement of Third Tranche of Buyback Programme

3 February 2025 - QinetiQ Group plc ("QinetiQ" or the "Group") confirms the
completion by Numis Securities Limited ("Deutsche Numis") of the second
tranche of its £100 million share buyback programme (the "Programme")
announced on 16 January 2024.  As announced on 14 November 2024, QinetiQ is
extending the Programme by £50m to deliver increased shareholder returns.

QinetiQ has today entered into an agreement with Deutsche Numis to extend the
Programme through the execution of a third tranche ("the Third Tranche) with a
maximum aggregate value of up to £50 million. Under the Third Tranche, which
is expected to complete by no later than 30 June 2025, Deutsche Numis will
make trading decisions independently of QinetiQ in accordance with certain
pre-set parameters. The Third Tranche will be effected under the authority
granted by shareholders at QinetiQ's Annual General Meeting held on 18 July
2024, and the maximum remaining number of shares that may be repurchased under
the Third Tranche pursuant to that authority is 42,778,600 Ordinary Shares.

Any purchases under the Programme will be carried out on the London Stock
Exchange and any other UK recognised investment exchange which may be agreed,
in accordance with pre-set parameters and in accordance with the Buyback
Authority, Chapter 12 of the UK Financial Conduct Authority's Listing Rules,
and Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) No
2016/1052 (both as they form part of UK domestic law by virtue of the European
Union (Withdrawal) Act 2018), including where relevant pursuant to the UK
Market Abuse (Amendment) (EU Exit) Regulations 2019.

Any Ordinary Shares purchased pursuant to the Programme will be cancelled, and
the number of Ordinary Shares in issue reduced accordingly.

About QinetiQ

QinetiQ is an integrated global defence and security company focused on
mission-led innovation. QinetiQ employs circa 8,500 highly-skilled people,
committed to creating new ways of protecting what matters most; testing
technologies, systems, and processes to make sure they meet operational needs;
and enabling customers to deploy new and enhanced capabilities with the
assurance they will deliver the performance required.

For further information please contact:

Stephen Lamacraft, Group Interim Director Investor
Relations:                               +44 (0)
7471 885817

Lindsay Walls, Group Communications Director (Media
enquiries):                         +44 (0) 7793
427582

James Field, Company
Secretary:
+44 (0) 7841 662957

 

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