Director/PDMR Shareholding

RNS Number : 6499K

QinetiQ Group plc

31 July 2013

 



QinetiQ Group plc

31 July 2013

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

Vesting of Awards under Value Sharing Plan

QinetiQ Group plc (the "Company") announces that on 29 July 2013 Executive Directors acquired Ordinary Shares of 1p each in the Company ('Shares') as detailed in the table below as a result of the vesting of awards granted on 29 July 2010 under the QinetiQ Value Sharing Plan ("VSP"):

Director	Number of Shares acquired on vesting on 29 July 2013	Aggregate number of Shares held beneficially following acquisition (across all accounts)	Total percentage holding
David Mellors	154,551	529,279	0.08%
Leo Quinn	309,102	1,870,102	0.28%

The VSP operates as follows:

The VSP provided executives with a pre-defined number of shares for each £1m of Additional Shareholder Value ("ASV") created.  Two performance measures, a TSR-based measure and a PBT-based measure, are used to determine the ASV created during the three-year performance period.

50% of any awards earned vests on the third anniversary of the date of grant and the remaining 50% vests on the fourth anniversary of the date of grant.

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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