Director/PDMR Shareholding

RNS Number : 7322G

QinetiQ Group plc

03 July 2012

 



QinetiQ Group plc

3 July 2012

QINETIQ GROUP PLC

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR THEIR CONNECTED PERSONS

1.         Grant of Awards under Deferred Annual Bonus Plan

On 29 June 2012 Executive Directors were granted awards of Ordinary Shares of 1p ('Shares') under the QinetiQ Group plc Deferred Annual Bonus Plan ('DAB') as summarised below:

Director	Number of Shares awarded under the Deferred Award	Maximum potential number of Shares under the Matching Award
David Mellors	117,173	117,173
Leo Quinn	229,596	229,596

There is no exercise price applicable for the above awards.  The Deferred Awards, and the Matching Awards to the extent that they meet the performance target, will normally vest on 29 June 2015.

The DAB operates as follows:

Executive Directors have a mandatory deferral of 50% of any bonus earned into a restricted, deferred award of Shares under the DAB.  At the same time, the Company grants a matching award of Shares, up to a maximum match of 100% of the deferred award.  Vesting of the matching award occurs after three years, subject to the achievement of EPS-based performance conditions, up to a maximum match of one Share for each Share deferred.

2.         Vesting of Award under Deferred Annual Bonus Plan

On 2 July 2012 David Mellors acquired 6,859 Shares on the vesting of a Deferred Award granted on 1 July 2009.

As a result of the above transactions, the aggregate number of Shares held beneficially by the Executive Directors (across all accounts) is as follows:

David Mellors:  216,105 Shares (0.0327% of issued share capital)

Leo Quinn: 1,112,644 Shares (0.168% of issued share capital)

This notification is made pursuant to rule 3.1.4R of the FSA Disclosure Rules and Transparency Rules.

END

For further information:

Jon Messent, Company Secretary, QinetiQ Group plc

David Bishop, Investor Relations, QinetiQ Group plc

01252 392000

 

END

 

 

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