Director/PDMR Shareholding

Released : 10/10/2012

RNS Number : 4298O
QinetiQ Group plc
10 October 2012
 



QinetiQ Group plc

10 October 2012

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 10 October 2012 that the following Directors of the Company acquired Shares under the SIP on 9 October 2012 respectively, held through the Trustee:

Director

Number of Shares   acquired

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

David Mellors

84*

216,635 #

Leo Quinn

84*

1,113,070

 

* The number of Shares acquired includes 63 Partnership Shares acquired on 9 October 2012 at £1.985 and 21 Matching Shares acquired on 9 October 2012 at £1.985.  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 £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".

 

# The aggregate number of shares held by David Mellors includes 187 Shares acquired in an ISA on 13 September 2012 at £1.76 as a result of a standing instruction to reinvest dividends received on Shares held in the ISA.

 

10 October 2012

 

 

For further information:

 

Jon Messent, Company Secretary, QinetiQ Group plc

 

David Bishop, Investor Relations, QinetiQ Group plc

 

01252 392000


This information is provided by RNS
The company news service from the London Stock Exchange
 
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