REG - QinetiQ Group plc - Share Buyback Programme

QinetiqAnnouncement

Yesterday 08:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250605:nRSE5037La&default-theme=true

RNS Number : 5037L  QinetiQ Group plc  05 June 2025

News release

QinetiQ Group plc

Share Buyback Programme

5 June 2025 - QinetiQ Group plc ("QinetiQ" or the "Group") confirms the
completion by Numis Securities Limited ("Deutsche Numis") of the third £50
million tranche of its share buyback programme, as announced on 3 February
2025.  On 17 March 2025, QinetiQ announced a further extension to its share
buyback programme of up to £200m over the following two years (the
"Programme").

QinetiQ has today entered into an agreement with Deutsche Numis to execute the
first tranche of the £200 million Programme, with a maximum aggregate value
of up to £50 million (the "First Tranche"). Under the First Tranche, which is
expected to complete by no later than 28 November, Deutsche Numis will make
trading decisions independently of QinetiQ in accordance with certain pre-set
parameters. The First Tranche will be effected under the authority granted by
shareholders at QinetiQ's Annual General Meeting held on 18 July 2024 (the
"2024 Authority"), and any subsequent authority granted at QinetiQ's 2025
Annual General Meeting.  The maximum remaining number of shares that may be
repurchased pursuant to the 2024 Authority is 30,892,966 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, Interim Group Investor Relations
Director:                               +44 (0)
7471 885817

Stephanie Mann, Group Head of Media
Relations:
                        +44 (0) 7770 720268

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCFIMRTMTIMBFA