QinetiQ Group plc Director/PDMR Shareholding (0489O)
September 28 2023 - 10:24AM
UK Regulatory
TIDMQQ.
RNS Number : 0489O
QinetiQ Group plc
28 September 2023
QinetiQ Group plc
28 September 2023
QinetiQ Group plc (the "Company")
Notification and public disclosure of transactions by persons
discharging managerial responsibilities or persons closely
associated with them
The 2023 Remuneration Policy was approved at the Annual General
Meeting ("AGM") on 20 July 2023. The outturn of the Company's new
Long-term Performance Award ("LPA") will be determined by the
cumulative performance against our ambitious long-term key
financial metrics of revenue growth, earnings and return on capital
employed ("ROCE").
The Company advises that on 28 September 2023, the individuals
named below, each a Person Discharging Managerial Responsibility
("PDMR"), were granted conditional awards of Ordinary Shares of 1
pence each in the Company ("Shares"). The maximum opportunity, for
exceptional levels of performance, is up to the grant as detailed
in the table below:
Number Normal Vesting Date
First Name of Shares
Steve Wadey 521,352 28 September 2026
Carol Borg 338,489 28 September 2026
Further information
LPA Awards are subject to performance over a three year
performance period and are normally also subject to continued
employment within the Company's group. The number of Shares that
will vest under the LPA Award is therefore conditional upon the
satisfaction performance conditions and continued employment
(subject to the terms and conditions of the LPA approved by
shareholders at the 2023 AGM). A full description of the LPA is
available in the Company's 2023 AGM notice.
The LPA Awards will normally vest on the third anniversary of
the date of grant. Post vesting clawback applies to these LPA
Awards.
The LPA Awards were approved by the Company's Remuneration
Committee and the Company was notified of the grant of awards on 28
September 2023. This transaction took place in London.
Notification and public disclosure of transactions by persons
discharging managerial Responsibilities and persons closely
associated with them
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 Initial notification
/ amendment
------------------------------ -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a Name QinetiQ Group plc ("QinetiQ")
------------------------------ -------------------------------------------
b LEI N/A
------------------------------ -------------------------------------------
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 QinetiQ Group plc ordinary shares of
of the financial 1 pence
instrument GB00B0WMWD03
------------------------------ -------------------------------------------
b) Nature of the Grant of conditional awards over 521,352
transaction Ordinary Shares under the QinetiQ Group
plc Long Term Performance Award
------------------------------ -------------------------------------------
c) Currency GBP - British Pound
------------------------------ -------------------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) NIL 521,352
----------
------------------------------ -------------------------------------------
e) Aggregated information
* Aggregated volume
Single Transaction
* Price
------------------------------ -------------------------------------------
f) Date of the 28-09-2023
transaction
------------------------------ -------------------------------------------
g) Place of the London Stock Exchange (XLON) (Main Market)
transaction
------------------------------ -------------------------------------------
1. Details of PDMR / person closely associated with them
("PCA")
---------------------------------------------------------------------------
a) Name Carol Borg
------------------------------ -------------------------------------------
2 Reasons for the Notification
---------------------------------------------------------------------------
a) Position / status Chief Financial Officer/Director
------------------------------ -------------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------ -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a Name QinetiQ Group plc ("QinetiQ")
------------------------------ -------------------------------------------
b LEI N/A
------------------------------ -------------------------------------------
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 QinetiQ Group plc ordinary shares of
of the financial 1 pence
instrument GB00B0WMWD03
------------------------------ -------------------------------------------
b) Nature of the Grant of conditional awards over 338,489
transaction Ordinary Shares under the QinetiQ Group
plc Long Term Performance Award
------------------------------ -------------------------------------------
c) Currency GBP - British Pound
------------------------------ -------------------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) NIL 338,489
----------
------------------------------ -------------------------------------------
e) Aggregated information
* Aggregated volume
Single Transaction
* Price
------------------------------ -------------------------------------------
f) Date of the 28-09-2023
transaction
------------------------------ -------------------------------------------
g) Place of the London Stock Exchange (XLON) (Main Market)
transaction
------------------------------ -------------------------------------------
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END
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