QQ. Qinetiq Group Plc

TIDMQQ.

RNS Number : 3652U

QinetiQ Group plc

29 July 2015

QinetiQ Group plc

29 July 2015

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR THEIR CONNECTED PERSONS

Grant of Awards under Performance Share Plan

On 28 July 2015 Executive Directors were granted awards of Ordinary Shares of 1p ('Shares') under the QinetiQ Group plc 2012 Performance Share Plan ('PSP') as summarised below:

 
 Director          Maximum potential     % of Issued Share 
                    number of Shares          Capital 
                   under the PSP Award 
---------------  ---------------------  ------------------ 
 David Mellors          285,714               0.048% 
---------------  ---------------------  ------------------ 
 Steve Wadey            363,636               0.061% 
---------------  ---------------------  ------------------ 
 

There is no exercise price applicable for the above awards. To the extent that they meet the performance target, the awards will normally vest on 28 July 2018.

Vesting of the awards occurs after three years, subject to the achievement of the following performance conditions:

(i) 50% of an award is subject to an Earnings per Share target set over a three year performance period; and

(ii) 50% of an award is subject to Total Shareholder Return measured over a three year performance period.

This notification is made pursuant to rule 3.1.4R of the FCA Disclosure Rules and Transparency Rules.

END

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

END

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