Director/PDMR Shareholding

RNS Number : 9878C

QinetiQ Group plc

01 July 2016

 

QinetiQ Group plc

1 July 2016

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

Grant of Award under Performance Share Plan

On 1 July 2016 the following Executive Director was granted an award of Ordinary Shares of 1p ('Shares') under the QinetiQ Group plc 2012 Performance Share Plan ('PSP') as summarised below:

Director	Maximum potential number of Shares under the PSP Award	% of Issued Share Capital
Steve Wadey	476,190	0.08%

There is no exercise price applicable for the above award.  To the extent that it meets the performance targets, the award will normally vest on 1 July 2019.

Vesting of the award occurs after three years, subject to the achievement of the following performance conditions:

(i)        50% of an award is subject to an Earnings per Share target set over a three year performance period; and

(ii)       50% of an award is subject to Total Shareholder Return measured over a three year performance period.

This notification is made pursuant to rule 3.1.4R of the FCA 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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