Director/PDMR Shareholding

RNS Number : 3652U
QinetiQ Group plc
29 July 2015
 



QinetiQ Group plc

 

29 July 2015

 

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

 

Grant of Awards under Performance Share Plan

On 28 July 2015 Executive Directors were granted awards 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

David Mellors

285,714

0.048%

Steve Wadey

363,636

0.061%

 

There is no exercise price applicable for the above awards.  To the extent that they meet the performance target, the awards will normally vest on 28 July 2018.

Vesting of the awards 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


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSSEEFWAFISELW
UK 100

Latest directors dealings