Last checked at 29 Jul 2015 08:00
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 number of Shares under the PSP Award | % of Issued Share Capital |
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