2nd Dec 2010 12:33
QinetiQ Group plc
2 December 2010
QinetiQ Group plc (the "Company") - Directors and other PDMRs' share interests
Stock Award Plan (SAP) allocation
On 25 August 2010 Duane Andrews was conditionally allocated 612,000 Ordinary Shares. This represents the maximum potential award possible if all criteria are met at the end of the four year performance period (272,000 of the Ordinary Shares allocated are only conditional on continued service). The allocation price for calculating the number of shares was £1.049, being the middle market quotation on 25 August 2010. The percentage of the allocation eventually to vest is dependant on the satisfaction of performance criteria or continued service (as applicable). 25% of the allocation will vest on the first anniversary of the allocation date, a further 25% of the allocation will vest on the second anniversary of the allocation date, a further 25% of the allocation will vest on the third anniversary of the allocation date and the remaining 25% of the allocation will vest on the fourth anniversary of the allocation date, in each case subject to the satisfaction of the performance criteria or continued service (as applicable).
2 December 2010
Lynton D. Boardman
Company Secretary
Tel: (+44) (0)1252 392000
END
Related Shares:
Qinetiq