QinetiQ Group plc Director/PDMR Shareholding (7130R)
July 01 2020 - 5:46AM
UK Regulatory
TIDMQQ.
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 Initial notification
/ amendment
---------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
-----------------------------------------------------------------------------
(a) Name QinetiQ Group plc
---------------------------------- -----------------------------------------
(b) Legal Entity Identifier 213800S8OBDOZMCMUW34
Code
---------------------------------- -----------------------------------------
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 QinetiQ Group plc ordinary shares
financial instrument of 1 pence
Identification code
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 N/A
* Price
* Volume
* Total
---------------------------------- -----------------------------------------
(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 Initial notification
/ amendment
---------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
-----------------------------------------------------------------------------
(a) Name QinetiQ Group plc
---------------------------------- -----------------------------------------
(b) Legal Entity Identifier 213800S8OBDOZMCMUW34
Code
---------------------------------- -----------------------------------------
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 QinetiQ Group plc ordinary shares
financial instrument of 1 pence
Identification code
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 N/A
* Price
* Volume
* Total
---------------------------------- -----------------------------------------
(e) Date of the transaction 2020-06-30
---------------------------------- -----------------------------------------
(f) Place of the transaction Outside of trading venue
---------------------------------- -----------------------------------------
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END
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