Last checked at 1 Jul 2016 11:18
QinetiQ Group plc
1 July 2016
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR THEIR CONNECTED PERSONS
Grant of Award under Performance Share Plan
On 1 July 2016 the following Executive Director was granted an award of Ordinary Shares of 1p ('Shares') under the QinetiQ Group plc 2012 Performance Share Plan ('PSP') as summarised below:
Director | Maximum potential number of Shares under the PSP Award | % of Issued Share Capital |
Steve Wadey | 476,190 | 0.08% |
There is no exercise price applicable for the above award. To the extent that it meets the performance targets, the award will normally vest on 1 July 2019.
Vesting of the award 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