13th Oct 2010 15:37
QinetiQ Group plc
13 October 2010
DIRECTOR/PDMR SHAREHOLDING - Purchase of ordinary shares in QinetiQ
Group plc ("Shares" and the "Company" respectively) by Directors of the Company under its Share Incentive Plan ("SIP").
The SIP trustee, Equiniti Share Plan Trustees Limited (the "Trustee"), notified the Company on 13 October 2010 that the following Directors of the Company acquired Shares under the SIP on 11 October 2010 held through the Trustee:
|
|
Number of Shares acquired |
Aggregate number of Shares held beneficially following acquisition (across all accounts) |
|
Director |
|
|
|
David Mellors |
152* |
25,248 |
|
Leo Quinn |
152* |
603,598 |
* The Number of Shares acquired includes 114 Partnership Shares acquired at £1.0886 and 38 Matching Shares acquired at £1.0886. Both partnership and matching elements are registered in the name of the Trustee.
The SIP operates as follows.
Each month the Trustee uses participants' contributions (which may not exceed £125 per participant per month) to purchase shares in the market. These shares are called "Partnership Shares".
At the same time the Company allots to participants via the Trustee or instructs the Trustee to purchase in the market one "Matching Share" for every three Partnership Shares purchased that month.
Dividends paid by the Company to the Trustee in respect of the Partnership and Matching Shares are used by the Trustee to purchase shares in the market. These shares are called "Dividend Shares".
13 October 2010
END
Related Shares:
Qinetiq