2nd Aug 2013 09:30
QinetiQ Group plc
2 August 2013
QINETIQ GROUP PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR THEIR CONNECTED PERSONS
Grant of Award under the QinetiQ Group plc Stock Award Plan
On 1 August 2013 an award of Ordinary Shares of 1p ('Shares') was granted to a person discharging managerial responsibilities under the QinetiQ Group plc Stock Award Plan ('SAP') as summarised below:
Person Discharging Managerial Responsibilities | Number of Shares under the SAP Award | % of Issued Share Capital |
Jack D Crouch | 785,000 | 0.119% |
There is no exercise price applicable for the above award.
The award comprises Restricted Stock Units which vest in four equal tranches over a four year period and are subject to a vesting schedule which is partly time-based and partly based on the achievement of performance conditions relating to the achievement of growth in organic operating income. The SAP is used in QinetiQ North America.
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
Related Shares:
Qinetiq