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QinetiQ Group PLC
Remuneration Information • Dec 18, 2024
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 6501Q
QinetiQ Group plc
18 December 2024
QinetiQ Group plc (the "Company")
18 December 2024
Notification and public disclosure of transactions by persons discharging managerial responsibilities or persons closely associated with them
On 16 April 2024 the Company announced that Martin Cooper had been appointed as Chief Financial Officer. Details provided of his remuneration arrangements on appointment, in accordance with the Remuneration Policy (the "Policy") approved by shareholders at the 2023 AGM, were provided in that announcement.
To enact the agreed share awards on appointment, the Company announces that on 18 December 2024, the following share transactions occurred in respect of Martin Cooper, its Group Chief Financial Officer / Director / Person Discharging Managerial Responsibility ("PDMR"):
Long Term Performance Award Plan ("LPA")
A conditional grant of Ordinary Shares under the QinetiQ Group plc LPA over the following maximum number of shares:
| PDMR | Number of Shares | Normal Vesting Date |
| Martin Cooper | 277,168 | 18 December 2027 |
The LPA grant of Ordinary Shares will vest subject to continued employment and the achievement of stretching performance conditions.
Compensation Share Plan ("CSP")
A conditional grant of Ordinary Shares under the QinetiQ Group plc CSP over the following maximum number of shares:
| PDMR | Number of Shares | Normal Vesting Date |
| Martin Cooper | 134,015 | 31 March 2026 |
| 85,282 | 31 March 2027 |
The award was granted under the terms of the CSP and the Ordinary Shares will vest subject to continued employment.
The CSP award is being granted by the Company without prior shareholder approval in general meeting upon reliance of Listing Rule 9.4.2(2) to implement terms agreed to facilitate the participant's recruitment.
No consideration was paid for the grant of the LPA and CSP awards and no payment is due on the release of any shares.
The QinetiQ share price used to calculate the number of shares subject to the awards is £4.104 being the average closing price over a 5 day period prior to the award (aligned with the Remuneration Committee's standard approach).
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 | Martin Cooper | |
| 2 | Reason for the Notification | ||
| a) | Position / status | Chief Financial Officer/Director | |
| 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) | LEI | 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 | QinetiQ Group plc ordinary shares of 1 pence GB00B0WMWD03 |
|
| b) | Nature of the transaction | Grant of conditional awards over 277,168 Ordinary Shares under the QinetiQ Group plc Long Term Performance Award | |
| c) | Currency | GBP - British Pound | |
| d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 277,168 | ||
| e) | Aggregated information · Price · Volume · Total · |
Single Transaction | |
| f) | Date of the transaction | 18-12-2024 | |
| g) | Place of the transaction | Outside of a Trading Venue |
| 1. | Details of PDMR / person closely associated with them ("PCA") | ||
| a) | Name | Martin Cooper | |
| 2. | Reason for the Notification | ||
| a) | Position / status | Chief Financial Officer/Director | |
| 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 Shares under the Compensation Share Plan | |
| c) | Currency | GBP - British Pound | |
| d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 219,297 | ||
| e) | Aggregated information · Price · Volume · Total |
Single Transaction | |
| f) | Date of the transaction | 18-12-2024 | |
| g) | Place of the transaction | Outside of a Trading Venue |
Enquiries:
| Company Secretary: | James Field, QinetiQ | +44 (0)1252 392000 |
| Investor Relations: | Stephen Lamacraft, QinetiQ | +44 (0) 7471 885817 |
| Media Relations: | QinetiQ Press Office | +44 (0)1252 393500 |
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