QinetiQ Group PLC

Director's Dealing • Jul 1, 2020

National Storage Mechanism | Additional information

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 / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	QinetiQ Group plc
(b)	Legal Entity Identifier Code	213800S8OBDOZMCMUW34
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 financial instrument Identification code	QinetiQ Group plc ordinary shares of 1 pence 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 -     Price -     Volume -     Total	N/A
(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 / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	QinetiQ Group plc
(b)	Legal Entity Identifier Code	213800S8OBDOZMCMUW34
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 financial instrument Identification code	QinetiQ Group plc ordinary shares of 1 pence 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 -     Price -     Volume -     Total	N/A
(e)	Date of the transaction	2020-06-30
(f)	Place of the transaction	Outside of trading venue

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