QinetiQ Group PLC

Director's Dealing • Aug 13, 2020

National Storage Mechanism | Additional information

RNS Number : 1044W

QinetiQ Group plc

13 August 2020

QinetiQ Group plc (the "Company")

Notification and public disclosure of transactions by persons discharging managerial responsibilities or persons closely associated with them

Further to the announcement made on 30 June 2020 regarding Awards ("Awards") made over ordinary shares in the Company ("Shares") under the Company's 2017 Group Incentive Plan (the "Plan"), the Awards to the following Directors vested on 11 August 2020.

Sufficient Shares have been sold to satisfy Income Tax and National Insurance, with the balance subject to a one-year holding period. The average sale price was £3.070038.

	Vested Shares	Shares sold for Income Tax and National Insurance	Retained Shares
Steve Wadey	318,006	149,762	168,244
David Smith	238,598	112,366	126,232

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 are 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.

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	Vesting of shares under the 2017 QinetiQ Group plc Incentive Plan, sale of sufficient shares to satisfy Income Tax and National Insurance Contributions required to be withheld on release and transfer of balance subject to a one-year holding period.
(c)	Price(s) and volume(s)	Price(s)              Volume(s) Vesting                                 Nil                      318,006 Sale of shares To satisfy income Tax and NICs liability       £3.070038            149,762 Transfer of shares           Nil                           168,244
(d)	Aggregated information -     Price -     Volume -     Total	Vesting:               Price Nil / Volume: 318,006 Tax/NI sale:        Price £3.070038 / Volume 149,762 Transfer:              Price Nil / Volume 168,244
(e)	Date of the transaction	Vesting:               2020-08-11 Tax/NI sale:        2020-08-12 Transfer:              2020-08-12
(f)	Place of the transaction	London Stock Exchange XLON

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	Vesting of shares under the 2017 QinetiQ Group plc Incentive Plan, sale of sufficient shares in order to satisfy Income Tax and National Insurance Contributions required to be withheld on release and transfer of balance subject to a one-year holding period.
(c)	Price(s) and volume(s)	Price(s)           Volume(s) Vesting                                 Nil                      238,598 Sale of shares To satisfy Income Tax and NICs liability       £3.070038            112,366 Transfer of shares           Nil                           126,232
(d)	Aggregated information -     Price -     Volume -     Total	Vesting:               Price Nil / Volume: 238,598 Tax/NI sale:        Price £3.070038 / Volume 112,366 Transfer:              Price Nil / Volume 126,232
(e)	Date of the transaction	Vesting:               2020-08-11 Tax/NI sale:        2020-08-12 Transfer:              2020-08-12
(f)	Place of the transaction	London Stock Exchange XLON

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