10th Aug 2012 14:21
QinetiQ Group plc
10 August 2012
QINETIQ GROUP PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR THEIR CONNECTED PERSONS
Grant of Awards under Performance Share Plan
On 9 August 2012 Executive Directors were granted awards of Ordinary Shares of 1p ('Shares') under the QinetiQ Group plc 2012 Performance Share Plan ('PSP') as summarised below:
Director | Maximum potential number of Shares under the PSP Award | % of Issued Share Capital |
David Mellors | 356,250 | 0.054% |
Leo Quinn | 560,063 | 0.085% |
There is no exercise price applicable for the above awards. To the extent that they meet the performance target, the awards will normally vest on 9 August 2015.
Vesting of the awards occurs after three years, subject to the achievement of the following performance conditions:
(i) 50% of an award is subject to an Earnings per Share target set over a three year performance period; and
(ii) 50% of an award is subject to Total Shareholder Return measured over a three year performance period.
This notification is made pursuant to rule 3.1.4R of the FSA 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