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QinetiQ Group plc (QQ.)

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Wednesday 01 July, 2020

QinetiQ Group plc

Director/PDMR Shareholding

RNS Number : 7130R
QinetiQ Group plc
01 July 2020
 

 

QinetiQ Group plc (the "Company")

Notification and public disclosure of transactions by persons discharging managerial responsibilities or persons closely associated with them

On 30 June 2020, the following Directors and Persons Discharging Managerial Responsibility ("PDMR") were granted awards ("Awards") over ordinary shares in the Company ("Shares"), under the Company's 2017 Group Incentive Plan (the "Plan"). 

As noted in the Remuneration Committee Chair's statement in the FY20 Annual Report, to manage cash outflow in June 2020, as per QinetiQ's measures to respond to COVID-19, the Bonus Banking Plan awards which are annually granted under the Plan to the CEO and CFO, and previously payable in cash, will this year instead be delivered in Shares under that same Plan.  Normally, the awards paid out under the Bonus Banking Plan would not be subject to any holding period; however, the Award Shares will be made subject to a one-year holding period in accordance with the Plan rules. More information can be found on page 100 of the Annual Report.

The Awards are therefore equivalent to the value that was due to be paid out in cash in respect of the Bonus Banking Plan awards for the financial year ended 31 March 2020.  Shares subject to the Awards are expected to be delivered under the Plan on 11 August 2020, at which point the one-year holding period will commence.

Name of Director/PDMR

Number of Shares Awarded

Steve Wadey

318,006

David Smith

238,598

 

A further announcement will be made on 11 August 2020 (or as close as possible to this date) relating to the delivery of Shares in respect of these Awards, and the sale of such Shares to cover the PDMRs income tax and employees National Insurance Contributions, as applicable.

1.

Details of PDMR / person closely associated with them ("PCA")

(a)

Name

Steve Wadey

2.

Reason for the notification

(a)

Position / status

Chief Executive Officer

(b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name

QinetiQ Group plc

(b)

Legal Entity Identifier Code

213800S8OBDOZMCMUW34

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 of the financial instrument

 

Identification code

 

 

 

QinetiQ Group plc ordinary shares of 1 pence

 

 

GB00B0WMWD03

(b)

Nature of the transaction

Award of ordinary shares under the 2017 QinetiQ Group plc Incentive Plan (the "Plan") (subject to a a one-year holding period)

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

318,006

 

(d)

 

Aggregated information

 

-  Price

 

-  Volume

 

-  Total

 

 

N/A

 

 

(e)

Date of the transaction

2020-06-30

(f)

Place of the transaction

Outside of trading venue

 

 



 

QinetiQ Group plc (the "Company")

Notification and public disclosure of transactions by persons discharging managerial responsibilities or persons closely associated with them

1.

Details of PDMR / person closely associated with them ("PCA")

(a)

Name

David Smith

2.

Reason for the notification

(a)

Position / status

Chief Financial Officer

(b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name

QinetiQ Group plc

(b)

Legal Entity Identifier Code

213800S8OBDOZMCMUW34

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 of the financial instrument

 

Identification code

 

 

 

QinetiQ Group plc ordinary shares of 1 pence

 

 

GB00B0WMWD03

(b)

Nature of the transaction

Award of ordinary shares under the 2017 QinetiQ Group plc Incentive Plan (the "Plan") (subject to a one-year holding period)

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

238,598

 

(d)

 

Aggregated information

 

-  Price

 

-  Volume

 

-  Total

 

 

N/A

 

 

(e)

Date of the transaction

2020-06-30

(f)

Place of the transaction

Outside of trading venue

 

 


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