Director/PDMR Shareholding

RNS Number : 7295R

QinetiQ Group plc

10 March 2016

 

QinetiQ Group plc

10 March 2016

DIRECTOR/PDMR SHAREHOLDING - Purchase of ordinary shares in QinetiQ

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

The SIP trustee, Equiniti Share Plan Trustees Limited (the "Trustee"), notified the Company on 10 March 2016 that the following Directors of the Company acquired Shares under the SIP on 9 March 2016, held through the Trustee:

Director	Number of Shares   acquired	Aggregate number of Shares held beneficially following acquisition (across all accounts)
David Mellors	85*	427,219
Steve Wadey	84**	20,767

* The number of Shares acquired includes 64 Partnership Shares acquired on 9 March 2016 at £2.3666 and 21 Matching Shares acquired on 9 March 2016 at £2.3666.  All of the Shares are registered in the name of the Trustee.

** The number of Shares acquired includes 63 Partnership Shares acquired on 9 March 2016 at £2.3666 and 21 Matching Shares acquired on 9 March 2016 at £2.3666.  All of the Shares are registered in the name of the Trustee.

The SIP operates as follows:

Each month the Trustee uses participants' contributions (which may not exceed £150 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".

For further information:

Jon Messent, Company Secretary, QinetiQ Group plc

01252 392000

 

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