Director/PDMR Shareholding

QinetiQ Group plc

03 July 2024

 

QinetiQ Group plc (the "Company")

3 July 2024

Notification and public disclosure of transactions by persons discharging managerial responsibilities or persons closely associated with them

The Company announces that on 1 July 2024, the following share transactions occurred in respect of Steve Wadey, its Group Chief Executive Officer / Director / Person Discharging Managerial Responsibility ("PDMR"):

Bonus Banking Plan

Vesting of notional awards granted in 2020, 2021, 2022 and 2023 under the Bonus Banking Plan ("BBP") as Ordinary Shares of 1 pence each in the Company ("Ordinary Shares") as described in the table below:

PDMR	Shares vesting	Dividend equivalent shares received	Total balance shares	Shares sold to cover tax liability	Balance of remaining shares
Steve Wadey	322,568	6,983	329,551	155,335	174,216

This is the last award due to vest under the BBP, a legacy plan which formed part the 2017 Group Incentive Plan, and which has been replaced with the Annual Bonus Plan (approved by Shareholders at the 2023 AGM).

Annual Bonus Plan

The Remuneration Committee have confirmed the award of the Bonus Shares element of the FY24 Annual Bonus Plan ("ABP"), comprising 30% of the value of the FY24 ABP award. As a result, 30% of the FY24 ABP award will vest as Ordinary Shares on 1 July 2026, as described in the table below:

PDMR	% Determination	Number of Shares	Normal Bonus Share Vesting Date
Steve Wadey	30%	78,911	1 July 2026

Long Term Performance Award Plan

A conditional award of Ordinary Shares was granted under the QinetiQ Group plc Long Term Performance Award ("LPA") Plan over the following maximum number of shares:

PDMR	Number of Shares	Normal Vesting Date
Steve Wadey	387,456	1 July 2027

The LPA was approved by Shareholders at the 2023 AGM and replaces the Deferred Share Plan ("DSP"), a legacy plan which formed part of the 2017 Group Incentive Plan.

The Notification of Dealing Forms for the above transactions are set out below. These notifications are provided in accordance with the requirements of the UK Market Abuse Regulation.

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Steve Wadey
2	Reasons for  the Notification
a)	Position / status	Chief Executive Officer/Director
b)	Initial notification / amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a	Name	QinetiQ Group plc ("QinetiQ")
b	LEI	213800S8OBDOZMCMUW34
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	QinetiQ Group plc ordinary shares of 1 pence GB00B0WMWD03
b)	Nature of the transaction	Vesting of awards granted in 2020, 2021, 2022 and 2023 under the Bonus Banking Plan (Element A of the 2017 QinetiQ Group plc Incentive Plan) and sale of sufficient shares in order to satisfy Income Tax and National Insurance Contributions required to be withheld on release.
c)	Currency	GBP - British Pound
d)	Price(s) and volume(s)	Price(s)           Volume(s) Vesting                         Nil                    329,551 Sale of shares to satisfy income Tax and NICs liability     £4.42374           155,335 Transfer of shares         Nil                    174,216
e)	Aggregated information -     Aggregated volume -     Price	Vesting:            Price Nil / Volume: 329,551 Tax/NI sale:       Price £687,158.55 / Volume 155,335 Transfer:           Price Nil / Volume 174,216
f)	Date of the transaction	01-07-2024
g)	Place of the transaction	London Stock Exchange (XLON)

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Steve Wadey
2	Reasons for  the Notification
a)	Position / status	Chief Executive Officer/Director
b)	Initial notification / amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a	Name	QinetiQ Group plc ("QinetiQ")
b	LEI	213800S8OBDOZMCMUW34
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	QinetiQ Group plc ordinary shares of 1 pence GB00B0WMWD03
b)	Nature of the transaction	Determination of the % of Bonus Shares due to vest on 1 July 2026 under the QinetiQ Group plc Annual Bonus Plan.
c)	Currency	GBP - British Pound
d)	Price(s) and volume(s)	Price(s)           Volume(s) Determination                NIL                   78,911
e)	Aggregated information -     Aggregated volume -     Price	Single Transaction
f)	Date of the transaction	01-07-2024
g)	Place of the transaction	Outside a trading venue

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Steve Wadey
2	Reasons for  the Notification
a)	Position / status	Chief Executive Officer/Director
b)	Initial notification / amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a	Name	QinetiQ Group plc ("QinetiQ")
b	LEI	213800S8OBDOZMCMUW34
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	QinetiQ Group plc ordinary shares of 1 pence GB00B0WMWD03
b)	Nature of the transaction	Grant of conditional awards over 387,456 Ordinary Shares under the QinetiQ Group plc Long Term Performance Award
c)	Currency	GBP - British Pound
d)	Price(s) and volume(s)	Price(s) Volume(s) Nil 387,456
e)	Aggregated information -     Aggregated volume -     Price	Single Transaction
f)	Date of the transaction	01-07-2024
g)	Place of the transaction	Outside a trading venue

 

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