QinetiQ Group
plc (the "Company")
18
December 2024
Notification and public disclosure of transactions by persons
discharging managerial responsibilities or persons closely
associated with them
On 16 April 2024 the Company
announced that Martin Cooper had been appointed as Chief Financial
Officer. Details provided of his remuneration arrangements on
appointment, in accordance with the Remuneration Policy (the
"Policy") approved by
shareholders at the 2023 AGM, were provided in that
announcement.
To enact the agreed share awards on
appointment, the Company announces that on 18 December 2024, the
following share transactions occurred in respect of Martin Cooper,
its Group Chief Financial Officer / Director / Person Discharging
Managerial Responsibility ("PDMR"):
Long Term Performance Award Plan ("LPA")
A conditional grant of Ordinary
Shares under the QinetiQ Group plc LPA over the following maximum
number of shares:
|
PDMR
|
Number of
Shares
|
Normal Vesting
Date
|
|
Martin
Cooper
|
277,168
|
18
December 2027
|
The LPA grant of Ordinary Shares
will vest subject to continued employment and the achievement of
stretching performance conditions.
Compensation Share Plan ("CSP")
A conditional grant of Ordinary
Shares under the QinetiQ Group plc CSP over the following maximum
number of shares:
|
PDMR
|
Number of
Shares
|
Normal Vesting
Date
|
|
Martin
Cooper
|
134,015
|
31 March
2026
|
|
|
85,282
|
31 March
2027
|
The award was granted under the
terms of the CSP and the Ordinary Shares will vest subject to
continued employment.
The CSP award is being granted by
the Company without prior shareholder approval in general meeting
upon reliance of Listing Rule 9.4.2(2) to implement terms agreed to
facilitate the participant's recruitment.
No consideration was paid for the
grant of the LPA and CSP awards and no payment is due on the
release of any shares.
The QinetiQ share price used to
calculate the number of shares subject to the awards is £4.104
being the average closing price over a 5 day period prior to the
award (aligned with the Remuneration Committee's standard
approach).
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
|
Martin Cooper
|
|
2
|
Reason for the Notification
|
|
a)
|
Position / status
|
Chief Financial
Officer/Director
|
|
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)
|
LEI
|
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
|
QinetiQ Group plc ordinary shares
of 1 pence
GB00B0WMWD03
|
|
b)
|
Nature of the transaction
|
Grant of conditional awards over
277,168 Ordinary Shares under the QinetiQ Group plc Long Term
Performance Award
|
|
c)
|
Currency
|
GBP - British Pound
|
|
d)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
Nil
|
277,168
|
|
e)
|
Aggregated information
·
Price
·
Volume
·
Total
·
|
Single Transaction
|
|
f)
|
Date of the transaction
|
18-12-2024
|
|
g)
|
Place of the transaction
|
Outside of a Trading
Venue
|
|
1.
|
Details of PDMR / person closely associated with them
("PCA")
|
|
a)
|
Name
|
Martin Cooper
|
|
2.
|
Reason for the Notification
|
|
a)
|
Position / status
|
Chief Financial
Officer/Director
|
|
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 Shares under the
Compensation Share Plan
|
|
c)
|
Currency
|
GBP - British Pound
|
|
d)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
Nil
|
219,297
|
|
e)
|
Aggregated information
·
Price
·
Volume
·
Total
|
Single Transaction
|
|
f)
|
Date of the transaction
|
18-12-2024
|
|
g)
|
Place of the transaction
|
Outside of a Trading
Venue
|
Enquiries:
|
Company Secretary:
|
James Field, QinetiQ
|
+44 (0)1252 392000
|
|
Investor Relations:
|
Stephen Lamacraft, QinetiQ
|
+44 (0) 7471 885817
|
|
Media Relations:
|
QinetiQ Press Office
|
+44 (0)1252 393500
|