REG - QinetiQ Group plc - Director/PDMR Shareholding

QinetiqAnnouncement

03/07/2024 10:00

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RNS Number : 9678U  QinetiQ Group plc  03 July 2024

QinetiQ Group plc (the "Company")

3 July 2024

 

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

The Company announces that on 1 July 2024, the following share transactions
occurred in respect of Steve Wadey, its Group Chief Executive Officer /
Director / Person Discharging Managerial Responsibility ("PDMR"):

 

Bonus Banking Plan

 

Vesting of notional awards granted in 2020, 2021, 2022 and 2023 under the
Bonus Banking Plan ("BBP") as Ordinary Shares of 1 pence each in the Company
("Ordinary Shares") as described in the table below:

 

 PDMR         Shares vesting  Dividend equivalent shares received  Total balance shares  Shares sold to cover tax liability  Balance of remaining shares
 Steve Wadey  322,568         6,983                                329,551               155,335                             174,216

 

This is the last award due to vest under the BBP, a legacy plan which formed
part the 2017 Group Incentive Plan, and which has been replaced with the
Annual Bonus Plan (approved by Shareholders at the 2023 AGM).

 

 

Annual Bonus Plan

 

The Remuneration Committee have confirmed the award of the Bonus Shares
element of the FY24 Annual Bonus Plan ("ABP"), comprising 30% of the value of
the FY24 ABP award. As a result, 30% of the FY24 ABP award will vest as
Ordinary Shares on 1 July 2026, as described in the table below:

 

 PDMR         % Determination  Number of Shares  Normal Bonus Share Vesting Date
 Steve Wadey  30%              78,911            1 July 2026

 

 

Long Term Performance Award Plan

 

A conditional award of Ordinary Shares was granted under the QinetiQ Group plc
Long Term Performance Award ("LPA") Plan over the following maximum number of
shares:

 

 PDMR         Number of Shares  Normal Vesting Date
 Steve Wadey  387,456           1 July 2027

 

The LPA was approved by Shareholders at the 2023 AGM and replaces the Deferred
Share Plan ("DSP"), a legacy plan which formed part of the 2017 Group
Incentive Plan.

 

 

 

 

The Notification of Dealing Forms for the above transactions are set out
below. These notifications are provided in accordance with the requirements of
the UK Market Abuse Regulation.

 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                                      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  QinetiQ Group plc ordinary shares of 1 pence

                                              GB00B0WMWD03
 b)  Nature of the transaction                Vesting of awards granted in 2020, 2021, 2022 and 2023 under the Bonus Banking
                                              Plan (Element A of the 2017 QinetiQ Group plc Incentive Plan) and sale of
                                              sufficient shares in order to satisfy Income Tax and National Insurance
                                              Contributions required to be withheld on release.
 c)  Currency                                 GBP - British Pound
 d)  Price(s) and volume(s)

                                        Price(s)           Volume(s)

                                        Vesting
                                              Nil                    329,551

                                              Sale of shares

                                              to satisfy income

                                              Tax and NICs liability     £4.42374           155,335

                                              Transfer of shares         Nil
                                              174,216
 e)  Aggregated information

     -     Aggregated volume

     -     Price

                                              Vesting:            Price Nil / Volume: 329,551

                                              Tax/NI sale:       Price £687,158.55 / Volume 155,335

                                              Transfer:           Price Nil / Volume 174,216

 f)  Date of the transaction                  01-07-2024
 g)  Place of the transaction                 London Stock Exchange (XLON)

 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                                      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  QinetiQ Group plc ordinary shares of 1 pence

                                              GB00B0WMWD03
 b)  Nature of the transaction                Determination of the % of Bonus Shares due to vest on 1 July 2026 under the
                                              QinetiQ Group plc Annual Bonus Plan.
 c)  Currency                                 GBP - British Pound
 d)  Price(s) and volume(s)

                                        Price(s)           Volume(s)

                                              Determination
                                              NIL                   78,911

 e)  Aggregated information

     -     Aggregated volume

     -     Price

                                              Single Transaction

 f)  Date of the transaction                  01-07-2024
 g)  Place of the transaction                 Outside a trading venue

 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                                      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  QinetiQ Group plc ordinary shares of 1 pence

                                              GB00B0WMWD03
 b)  Nature of the transaction                Grant of conditional awards over 387,456 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       387,456

 e)  Aggregated information

     -     Aggregated volume

     -     Price                              Single Transaction
 f)  Date of the transaction                  01-07-2024
 g)  Place of the transaction                 Outside a trading venue

e)

Aggregated information

-     Aggregated volume

-     Price

 

 

Single Transaction

f)

Date of the transaction

01-07-2024

g)

Place of the transaction

Outside a trading venue

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