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QQ. Qinetiq Group Plc

452.20
-2.00 (-0.44%)
Last Updated: 08:25:36
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Qinetiq Group Plc LSE:QQ. London Ordinary Share GB00B0WMWD03 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00 -0.44% 452.20 451.20 452.20 460.00 452.00 460.00 15,927 08:25:36
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security Systems Service 1.91B 139.6M 0.2453 18.52 2.58B

QinetiQ Group plc Transaction in Own Shares

07/08/2024 7:00am

RNS Regulatory News


RNS Number : 4490Z
QinetiQ Group plc
07 August 2024
 

News release

QinetiQ Group plc

Commencement of Second Tranche of Buyback Programme

7 August 2024 - QinetiQ Group plc ("QinetiQ" or the "Group") confirms the completion by Barclays Bank plc of the first tranche of its £100 million share buyback programme (the "Programme") announced on 16 January 2024.

QinetiQ has today entered into an agreement with Numis Securities Limited ("Deutsche Numis") to complete the Programme through the execution of a second tranche ("the Second Tranche) with a maximum aggregate value of up to £55 million. Under the Second Tranche, which is expected to complete by not later than 6 February 2025, Deutsche Numis will make trading decisions independently of QinetiQ in accordance with certain pre-set parameters. The Second Tranche will be effected under the authority granted by shareholders at QinetiQ's Annual General Meeting held on 18 July 2024, and the maximum number of shares that may be repurchased under the Second Tranche is 57,052,286 Ordinary Shares (the "Buyback Authority").

Any purchases under the Programme will be carried out on the London Stock Exchange and any other UK recognised investment exchange which may be agreed, in accordance with pre-set parameters and in accordance with the Buyback Authority, Chapter 12 of the UK Financial Conduct Authority's Listing Rules, and Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) No 2016/1052 (both as they form part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018), including where relevant pursuant to the UK Market Abuse (Amendment) (EU Exit) Regulations 2019.

Any Ordinary Shares purchased pursuant to the Programme will be cancelled, and the number of Ordinary Shares in issue reduced accordingly.

About QinetiQ

QinetiQ is an integrated global defence and security company focused on mission-led innovation. QinetiQ employs circa 8,500 highly-skilled people, committed to creating new ways of protecting what matters most; testing technologies, systems, and processes to make sure they meet operational needs; and enabling customers to deploy new and enhanced capabilities with the assurance they will deliver the performance required.

For further information please contact:

Stephen Lamacraft, Group Interim Director Investor Relations:                               +44 (0) 7471 885817

Stephanie Mann, Group Head of Media (Media enquiries):                                      +44 (0) 7927 092038

James Field, Company Secretary:                                                                            +44 (0) 7841 662957

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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