REG - QinetiQ Group plc - Director/PDMR Shareholding

QinetiqAnnouncement

28/09/2023 15:30

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RNS Number : 0489O  QinetiQ Group plc  28 September 2023

QinetiQ Group plc

28 September 2023

 

QinetiQ Group plc (the "Company")

Notification and public disclosure of transactions by persons discharging
managerial responsibilities or persons closely associated with them

The 2023 Remuneration Policy was approved at the Annual General Meeting
("AGM") on 20 July 2023. The outturn of the Company's new Long-term
Performance Award ("LPA") will be determined by the cumulative performance
against our ambitious long-term key financial metrics of revenue growth,
earnings and return on capital employed ("ROCE").

 

The Company advises that on 28 September 2023, the individuals named below,
each a Person Discharging Managerial Responsibility ("PDMR"), were granted
conditional awards of Ordinary Shares of 1 pence each in the Company
("Shares"). The maximum opportunity, for exceptional levels of performance, is
up to the grant as detailed in the table below:

 

 

 First Name   Number of Shares  Normal Vesting Date
 Steve Wadey  521,352           28 September 2026
 Carol Borg   338,489           28 September 2026

 

 

Further information

LPA Awards are subject to performance over a three year performance period and
are normally also subject to continued employment within the Company's group.
The number of Shares that will vest under the LPA Award is therefore
conditional upon the satisfaction performance conditions and continued
employment (subject to the terms and conditions of the LPA approved by
shareholders at the 2023 AGM).  A full description of the LPA is available in
the Company's 2023 AGM notice.

The LPA Awards will normally vest on the third anniversary of the date of
grant.  Post vesting clawback applies to these LPA Awards.

The LPA Awards were approved by the Company's Remuneration Committee and the
Company was notified of the grant of awards on 28 September 2023.  This
transaction took place in London.

 

 

Notification and public disclosure of transactions by persons discharging
managerial Responsibilities and persons closely associated with them

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                     Steve Wadey
 2   Reasons for  the Notification
 a)  Position / status                        Chief Executive Officer/Director
 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 ("QinetiQ")
 b   LEI                                      N/A
 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  QinetiQ Group plc ordinary shares of 1 pence

                                              GB00B0WMWD03
 b)  Nature of the transaction                Grant of conditional awards over 521,352 Ordinary Shares under the QinetiQ
                                              Group plc Long Term Performance Award
 c)  Currency                                 GBP - British Pound
 d)  Price(s) and volume(s)                   Price(s)  Volume(s)

                                        NIL       521,352

 e)  Aggregated information

     -     Aggregated volume

     -     Price                              Single Transaction
 f)  Date of the transaction                  28-09-2023
 g)  Place of the transaction                 London Stock Exchange (XLON) (Main Market)
 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                     Carol Borg
 2   Reasons for  the Notification
 a)  Position / status                        Chief Financial Officer/Director
 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 ("QinetiQ")
 b   LEI                                      N/A
 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  QinetiQ Group plc ordinary shares of 1 pence

                                              GB00B0WMWD03
 b)  Nature of the transaction                Grant of conditional awards over 338,489 Ordinary Shares under the QinetiQ
                                              Group plc Long Term Performance Award
 c)  Currency                                 GBP - British Pound
 d)  Price(s) and volume(s)                   Price(s)  Volume(s)

                                        NIL       338,489

 e)  Aggregated information

     -     Aggregated volume

     -     Price                              Single Transaction
 f)  Date of the transaction                  28-09-2023
 g)  Place of the transaction                 London Stock Exchange (XLON) (Main Market)

e)

Aggregated information

-     Aggregated volume

-     Price

 

 

Single Transaction

f)

Date of the transaction

28-09-2023

g)

Place of the transaction

London Stock Exchange (XLON) (Main Market)

1.

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

a)

Name

Carol Borg

2

Reasons for  the Notification

a)

Position / status

Chief Financial Officer/Director

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 ("QinetiQ")

b

LEI

N/A

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

QinetiQ Group plc ordinary shares of 1 pence

GB00B0WMWD03

b)

Nature of the transaction

Grant of conditional awards over 338,489 Ordinary Shares under the QinetiQ
Group plc Long Term Performance Award

c)

Currency

GBP - British Pound

d)

Price(s) and volume(s)

 

 

 

 

 Price(s)  Volume(s)
 NIL       338,489

e)

Aggregated information

-     Aggregated volume

-     Price

 

 

Single Transaction

f)

Date of the transaction

28-09-2023

g)

Place of the transaction

London Stock Exchange (XLON) (Main Market)

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