Director/PDMR Shareholding

RNS Number : 6459S
QinetiQ Group plc
14 September 2010
 



QinetiQ Group plc

14 September 2010

DIRECTOR/PDMR SHAREHOLDING - Purchase of ordinary shares in QinetiQ

Group plc ("Shares" and the "Company" respectively) by Directors of the Company under its Share Incentive Plan ("SIP").

The SIP trustee, Equiniti Share Plan Trustees Limited (the "Trustee"), notified the Company on 14 September 2010 that the following Directors of the Company acquired Shares under the SIP on 10 September 2010 held through the Trustee:

 

Number of Shares   acquired

Aggregate number of Shares held beneficially following acquisition (across all accounts)

Director

 

 

David Mellors

146*

25,096

Leo Quinn

145**

603,446

 

* The Number of Shares acquired includes 109 Partnership Shares acquired at £1.1457 and 37 Matching Shares acquired at £1.1457.  Both partnership and matching elements are registered in the name of the Trustee.

 

** The Number of Shares acquired includes 109 Partnership Shares acquired at £1.1457 and 36 Matching Shares acquired at £1.1457.  Both partnership and matching elements are registered in the name of the Trustee.

 

 

The SIP operates as follows.

Each month the Trustee uses participants' contributions (which may not exceed £125 per participant per month) to purchase shares in the market.  These shares are called "Partnership Shares".

At the same time the Company allots to participants via the Trustee or instructs the Trustee to purchase in the market one "Matching Share" for every three Partnership Shares purchased that month.

Dividends paid by the Company to the Trustee in respect of the Partnership and Matching Shares are used by the Trustee to purchase shares in the market.  These shares are called "Dividend Shares".

 

14 September 2010

END


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