Director/PDMR Shareholding

Released : 10/09/2013

RNS Number : 6711N
QinetiQ Group plc
10 September 2013
 



QinetiQ Group plc

 

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 9 September 2013 and 10 September 2013 that the following Directors of the Company acquired Shares under the SIP on 6 September 2013 and 9 September 2013 respectively, held through the Trustee:

Director

Number of Shares   acquired

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

David Mellors

173*

374,990

Leo Quinn

152**

1,661,241

 

* The number of Shares acquired includes 88 Dividend Shares acquired on 6 September 2013 at £1.9351, 64 Partnership Shares acquired on 9 September 2013 at £1.9456 and 21 Matching Shares acquired on 9 September 2013 at £1.9456.  All of the Shares are registered in the name of the Trustee.

 

** The number of Shares acquired includes 66 Dividend Shares acquired on 6 September 2013 at £1.9351, 64 Partnership Shares acquired on 9 September 2013 at £1.9456 and 22 Matching Shares acquired on 9 September 2013 at £1.9456.  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".

 

10 September 2013

 

 

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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