QinetiQ Group PLC

Remuneration Information • Jul 2, 2014

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 2878L

QinetiQ Group plc

02 July 2014

QinetiQ Group plc

2 July 2014

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR THEIR CONNECTED PERSONS

Grant and Vesting of Awards under the QinetiQ Group plc Deferred Annual Bonus Plan ("DAB")

1.         Grant of Awards under the Deferred Annual Bonus Plan

QinetiQ Group plc (the "Company") announces that on 1 July 2014 Executive Directors were granted awards of Ordinary Shares of 1p each in the Company ("Shares"), as detailed in the table below, under the DAB:

Director	Number of Shares awarded under the Deferred Award	Maximum potential number of Shares under the Matching Award
David Mellors	108,779	108,779
Leo Quinn	171,014	171,014

There is no exercise price applicable for the above awards.  The Deferred Awards, and the Matching Awards to the extent that they meet the performance target, will normally vest on 1 July 2017.  The Deferred Awards relate to pre-tax bonus and were based on a market value of 207.7p per share.

2.         Vesting of Awards under Deferred Annual Bonus Plan

The Company further announces that on 1 July 2014 Executive Directors acquired Shares, as detailed in the table below, as a result of the vesting of awards granted on 1 July 2011 under DAB:

Director	Number of Shares acquired on vesting under the Deferred Award on 1 July 2014	Number of Shares acquired on vesting under the Matching Award on 1 July 2014	Number of Shares sold on 1 July 2014	Price per share
David Mellors	70,379	18,627	89,006	207.4527p
Leo Quinn	226,777	60,021	135,269	207.4527p

The DAB operates as follows:

Executive Directors have a mandatory deferral of 50% of any bonus earned into a restricted, deferred award of Shares under the DAB.  At the same time, the Company grants a matching award of Shares, up to a maximum match of 100% of the deferred award.  Vesting of the matching award occurs after three years, subject to the achievement of EPS-based performance conditions, up to a maximum match of one Share for each Share deferred.

As a result of the above transactions, the aggregate number of Shares held beneficially by the Executive Directors (across all accounts) is as follows:

Director	Resulting aggregate number of Shares held beneficially (across all accounts)	Total percentage holding following notification
David Mellors	376,111	0.057%
Leo Quinn	1,919,208	0.29%

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

Tel:  +44 (0) 1252 392000

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSSSLFMEFLSEDW