Last checked at 15 Feb 2016 13:47
QinetiQ Group plc
15 February 2016
DIRECTOR/PDMR SHAREHOLDING - Purchase of ordinary shares in QinetiQ
Group plc ("Shares" and the "Company" respectively) by a Director of the Company under its Share Incentive Plan ("SIP").
The SIP trustee, Equiniti Share Plan Trustees Limited (the "Trustee"), notified the Company on 15 February 2016 that the following Directors of the Company acquired Dividend Shares under the SIP on 12 February 2016, held through the Trustee:
Director | Number of Shares acquired | Aggregate number of Shares held beneficially following acquisition (across all accounts) |
David Mellors | 80* | 426,989 |
Steve Wadey | 5* | 20,683 |
* The Dividend Shares were acquired at £2.239 and are registered in the name of the Trustee.
The SIP operates as follows:
Each month the Trustee uses participants' contributions (which may not exceed £150 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".
For further information:
Jon Messent, Company Secretary, QinetiQ Group plc
01252 392000