REG - QinetiQ Group plc - Director/PDMR Shareholding

QinetiqAnnouncement

18/12/2024 17:15

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RNS Number : 6501Q  QinetiQ Group plc  18 December 2024

QinetiQ Group plc (the "Company")

18 December 2024

 

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

On 16 April 2024 the Company announced that Martin Cooper had been appointed
as Chief Financial Officer. Details provided of his remuneration arrangements
on appointment, in accordance with the Remuneration Policy (the "Policy")
approved by shareholders at the 2023 AGM, were provided in that announcement.

 

To enact the agreed share awards on appointment, the Company announces that on
18 December 2024, the following share transactions occurred in respect of
Martin Cooper, its Group Chief Financial Officer / Director / Person
Discharging Managerial Responsibility ("PDMR"):

 

Long Term Performance Award Plan ("LPA")

 

A conditional grant of Ordinary Shares under the QinetiQ Group plc LPA over
the following maximum number of shares:

 

 PDMR           Number of Shares  Normal Vesting Date
 Martin Cooper  277,168           18 December 2027

 

The LPA grant of Ordinary Shares will vest subject to continued employment and
the achievement of stretching performance conditions.

 

Compensation Share Plan ("CSP")

 

A conditional grant of Ordinary Shares under the QinetiQ Group plc CSP over
the following maximum number of shares:

 

 PDMR           Number of Shares  Normal Vesting Date
 Martin Cooper  134,015           31 March 2026
                85,282            31 March 2027

 

The award was granted under the terms of the CSP and the Ordinary Shares will
vest subject to continued employment.

 

The CSP award is being granted by the Company without prior shareholder
approval in general meeting upon reliance of Listing Rule 9.4.2(2) to
implement terms agreed to facilitate the participant's recruitment.

 

 

No consideration was paid for the grant of the LPA and CSP awards and no
payment is due on the release of any shares.

 

The QinetiQ share price used to calculate the number of shares subject to the
awards is £4.104 being the average closing price over a 5 day period prior to
the award (aligned with the Remuneration Committee's standard approach).

 

 

 

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                                     Martin Cooper
 2   Reason 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
 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 277,168 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                                                                              277,168
 e)

     Aggregated information

                                              Single Transaction

     ·     Price

     ·     Volume

     ·     Total

     ·
 f)  Date of the transaction                  18-12-2024
 g)  Place of the transaction                 Outside of a Trading Venue

 

 

 1.   Details of PDMR / person closely associated with them ("PCA")
 a)   Name                                      Martin Cooper
 2.   Reason 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
 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   QinetiQ Group plc ordinary shares of 1 pence

      Identification code

                                                GB00B0WMWD03

 b)   Nature of the transaction                 Award of Shares under the Compensation Share Plan
 c)   Currency                                  GBP - British Pound
 d)   Price(s) and volume(s)                    Price(s)                   Volume(s)
      Nil                                                                  219,297

 e)   Aggregated information

      ·     Price                               Single Transaction

      ·     Volume

      ·     Total

 f)   Date of the transaction                   18-12-2024
 g)   Place of the transaction                  Outside of a Trading Venue

 

 

 

Enquiries:

 Company Secretary:   James Field, QinetiQ        +44 (0)1252 392000
 Investor Relations:  Stephen Lamacraft, QinetiQ  +44 (0) 7471 885817
 Media Relations:     QinetiQ Press Office        +44 (0)1252 393500

 

 

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