Director/PDMR Shareholding

RNS Number : 8047L
QinetiQ Group plc
12 May 2010
 



QinetiQ Group plc

12 May 2010

DIRECTOR/PDMR SHAREHOLDING - Purchase of ordinary shares in QinetiQ

Group plc ("Shares" and the "Company" respectively) by Directors of the Company under its Share Incentive Plan ("SIP").

The SIP trustee, Hill Samuel ESOP Trustees Limited (the "Trustee"), notified the Company on 12 May 2010 that the following Director of the Company acquired Shares under the SIP on 10 May 2010 held through the Trustee:

 

Number of Shares   acquired

Aggregate number of Shares held beneficially following acquisition (across all accounts)

Directors

 

 

David Mellors

133*

24,538

 

* The Number of Shares acquired includes 100 Partnership Shares acquired at £1.2553 and 33 Matching Shares acquired at £1.2553.  Both partnership and matching elements are registered in the name of the Trustee.

 

 

The SIP operates as follows.

Each month the Trustee uses participants' contributions (which may not exceed £125 per participant per month) to purchase shares in the market.  These shares are called "Partnership Shares".

At the same time the Company allots to participants via the Trustee or instructs the Trustee to purchase in the market one "Matching Share" for every three Partnership Shares purchased that month.

Dividends paid by the Company to the Trustee in respect of the Partnership and Matching Shares are used by the Trustee to purchase shares in the market.  These shares are called "Dividend Shares".

 

12 May 2010

END


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