13th Nov 2008 11:07
QinetiQ Group plc
13 November 2008
DIRECTOR/PDMR SHAREHOLDING - Purchase of ordinary shares in QinetiQGroup plc ("Shares" and the "Company" respectively) by Directors of the Company under its Share Incentive Plan ("SIP").
The SIP trustee, Hill Samuel ESOP Trustees Limited (the "Trustee"), notified the Company on 13 November 2008 that the following Director of the Company acquired Shares under the SIP on 11 November 2008 held through the Trustee:
|
Number of Shares acquired * |
Aggregate number of Shares held beneficially following acquisition (across all accounts) |
|
|
Director |
||
|
Graham Love |
97 |
4,985,104 |
* The Number of Shares acquired includes 73 Partnership Shares acquired at 172.00 pence and 24 Matching Shares acquired at 172.00 pence. 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 November 2008
END
Related Shares:
Qinetiq