REG - QinetiQ Group plc - Transaction in Own Shares

QinetiqAnnouncement

07/08/2024 07:00

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RNS Number : 4490Z  QinetiQ Group plc  07 August 2024

News release

QinetiQ Group plc

Commencement of Second Tranche of Buyback Programme

7 August 2024 - QinetiQ Group plc ("QinetiQ" or the "Group") confirms the
completion by Barclays Bank plc of the first tranche of its £100 million
share buyback programme (the "Programme") announced on 16 January 2024.

QinetiQ has today entered into an agreement with Numis Securities Limited
("Deutsche Numis") to complete the Programme through the execution of a second
tranche ("the Second Tranche) with a maximum aggregate value of up to £55
million. Under the Second Tranche, which is expected to complete by not later
than 6 February 2025, Deutsche Numis will make trading decisions independently
of QinetiQ in accordance with certain pre-set parameters. The Second Tranche
will be effected under the authority granted by shareholders at QinetiQ's
Annual General Meeting held on 18 July 2024, and the maximum number of shares
that may be repurchased under the Second Tranche is 57,052,286 Ordinary Shares
(the "Buyback Authority").

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

Stephanie Mann, Group Head of Media (Media
enquiries):
+44 (0) 7927 092038

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

 

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