28th Aug 2007 16:22
QinetiQ Group plc28 August 2007 QinetiQ Group plc28 August 2007 QinetiQ Group plc (the "Company") - directors and other PDMRs' share interests QinetiQ Group plc announces the following transactions in respect of ordinaryshares of 1 penny each in the Company ("Ordinary Shares") by Executive Directorsand/or other Persons Discharging Managerial Responsibilities" ("PDMR"). 1. Grant of options under the QinetiQ Group plc Share Option Scheme (the "SOS") On 26 July 2007 options were granted to Duane Andrews over 232,421 OrdinaryShares at an exercise price of £1.74 per Ordinary Share under the terms of theSOS. Options granted under the SOS are normally exercisable during the periodcommencing on the third anniversary of the date of grant and ending on the dayfalling six months immediately after the third anniversary of the date of grantand their exercise is conditional upon the achievement of specified performancecriteria. 2. Performance Share Plan ("PSP") Allocations On 26 July 2007 the following conditional allocations of Ordinary Shares weremade pursuant to the PSP to the following Executive Directors and PDMRs. Executive TSR EPS Total number of Ordinary Shares inDirector shares shares conditional allocation Graham Love 50,288 50,287 100,575Doug Webb 45,259 45,258 90,517 PDMRClive Richardson 43,104 43,103 86,207 The allocation price for calculating the number of shares was £1.74, being themiddle market quotation as at 26 July 2007. The conditional allocations shown above represent the maximum potential awardpossible if all performance criteria are met at the end of the three yearperformance period. If and to the extent that the performance criteria aresatisfied at the conclusion of the performance period, the relevant number ofshares will be transferred to the relevant Director and/or PDMR at the trustee'sdiscretion. The percentage of the allocation eventually to vest is dependant on thesatisfaction of performance criteria over a three year period commencing on 1April 2007. 3. Share Allocation On 26 July 2007 Clive Richardson was conditionally allocated 46,875 OrdinaryShares. The allocation price for calculating the number of shares was £1.92,being the average closing price over the forty business days up to and including26 July 2007. The vesting of the allocation is conditional upon continuedservice over the three year performance period. 4. Stock Award Plan (SAP) allocation On 26 July 2007 Duane Andrews was conditionally allocated 261,473 OrdinaryShares. This represents the maximum potential award possible if all criteria aremet at the end of the four year performance period (116,210 of the OrdinaryShares allocated are only conditional on continued service). The allocationprice for calculating the number of shares was £1.74, being the middle marketquotation on 26 July 2007. The percentage of the allocation eventually to vestis dependant on the satisfaction of performance criteria or continued service(as applicable). 30% of the allocation will vest on the second anniversary ofthe allocation date, a further 30% of the allocation will vest on the thirdanniversary of the allocation date and the remaining 40% of the allocation willvest on the fourth anniversary of the allocation date, in each case subject tothe satisfaction of the performance criteria or continued service (asapplicable). 5. Current Share Interests Following the SOS grant, the PSP allocation, the stock allocation and the SAPallocation, as at 28 August 2007 the Executive Directors and other PDMRs retainan interest in the share capital of the Company as follows. Aggregate number Share PSP - Share SAP - of Ordinary Shares Option conditional Allocation - conditional held beneficially Scheme on conditional allocation (against all performance on continued accounts) serviceExecutiveDirectorsGraham Love 7,829,957 100,575Doug Webb 619,574 245,192* 90,517 PDMRsDuane Andrews 503,530** 261,473Clive Richardson 86,207 46,875 * Pursuant to a grant of options under the SOS on 23 February 2006. ** Of these, 271,109 Ordinary Shares were granted under the SOS on 7 December2006. 28 August 2007 END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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