QinetiQ Group plc Finalizes Repurchase of 444,523 Shares Over Five Trading Days

Comprehensive Share Repurchase Executed Across Multiple Venues

QinetiQ Group plc completed a five-day share repurchase programme, acquiring shares across three key trading venues. The London Stock Exchange served as the primary platform, accounting for the largest share volume during the period. Additional acquisitions were made on Chi-X (CXE) and BATS (BXE), enhancing liquidity and ensuring effective price discovery throughout the buyback.

Weighted average purchase prices varied by venue and day, reflecting prevailing market conditions and liquidity. On 13 July 2026, shares were acquired at a weighted average price of 447.8226 pence on the London Stock Exchange, with prices ranging from 444.80 pence to 450.40 pence for 75,000 shares. Subsequent days saw continued purchases across all venues, with price fluctuations mirroring broader market activity over the five-day period.

Daily Purchase Volumes and Price Range Insights

The buyback programme was executed systematically over five days. On 13 July 2026, QinetiQ acquired 89,000 shares across the three venues at weighted average prices between 447.82 pence and 448.13 pence. On 14 July 2026, 113,000 shares were bought at weighted averages ranging from 447.03 pence on the London Stock Exchange to 449.33 pence on BATS, indicating slight upward price pressure.

The peak daily volume occurred on 15 July 2026 with 88,823 shares purchased at weighted averages between 449.25 pence and 449.64 pence. On 16 July 2026, activity slowed to 89,000 shares at lower weighted averages from 444.52 pence to 445.65 pence, suggesting price softness. The programme concluded on 17 July 2026 with 88,700 shares bought at weighted averages between 446.84 pence and 450.76 pence.

Execution Strategy and Price Trends by Venue

The majority of shares, 253,348, were acquired on the London Stock Exchange at weighted average prices between 445.65 pence and 449.64 pence, reflecting the venue’s deep liquidity and volume capacity. Chi-X (CXE) and BATS (BXE) accounted for 191,175 shares combined, with Chi-X purchases totaling 94,390 shares at weighted averages from 444.56 pence to 450.68 pence, and BATS acquisitions of 96,785 shares ranging from 444.52 pence to 450.76 pence.

Price ranges across venues remained consistent with minimal divergence, indicating efficient market conditions and effective execution of the buyback across trading platforms.

Impact on Capital Structure and Voting Rights

Following settlement of the 444,523 shares repurchased, QinetiQ Group plc’s issued ordinary shares have been reduced to 516,784,882. This represents a material contraction in issued share capital and voting rights. The company confirmed all repurchased shares will be cancelled rather than held in treasury, permanently removing them from the capital structure.

The adjusted share count is significant for shareholders as it forms the basis for calculations under the Financial Conduct Authority’s Disclosure and Transparency Rules, determining notification requirements for shareholdings. The company holds no ordinary shares in treasury, ensuring all outstanding shares carry full voting rights.

Shareholder Authorization and Regulatory Compliance

The repurchase programme was conducted under authority granted at the Annual General Meeting on 17 July 2025. This buyback tranche, executed from 13 to 17 July 2026, is part of the broader programme announced on 25 March 2026, reflecting the company’s ongoing capital management strategy.

The buyback complied with Regulation (EU) No 596/2014, as amended, governing share repurchases and insider trading. Deutsche Bank AG, London Branch, trading as Deutsche Numis, acted as the executing broker. Detailed trade breakdowns are publicly available via RNS disclosures, ensuring full transparency. Investor Relations contact Andrew Carter is available for enquiries related to the transaction.

Share Price Movement During Buyback Period

Share price analysis during the buyback reveals a trading range from a low of 439.80 pence on 16 July 2026 on BATS to a high of 455.20 pence on 17 July 2026 also on BATS, representing approximately 3.5% volatility over the five days.

Daily intra-day price ranges varied, with 5.60 pence on 13 July, expanding to 12.80 pence on 14 July, moderating to 8.00 pence on 15 July, 9.20 pence on 16 July, and peaking at 10.40 pence on 17 July, reflecting normal market dynamics and liquidity during execution.

QinetiQ Group plc’s Role in Defence and Aerospace Sector

QinetiQ Group plc is a leading science and engineering company serving defence, security, and commercial sectors. It undertakes extensive research, development, and testing to provide critical capabilities to government and commercial clients worldwide. Its technical expertise and infrastructure support complex national security and defence requirements, positioning it as a strategic provider to allied nations.

Share buyback programmes like this reflect management’s capital allocation priorities and share valuation assessments within the context of long-term contracts, government spending, and strategic investments. The structured execution underscores the company’s commitment to optimising shareholder returns while maintaining resources for growth and operational needs aligned with defence and security market demand.

Regulatory Disclosure and Corporate Governance

This announcement fulfills QinetiQ Group plc’s regulatory disclosure obligations under the Financial Conduct Authority’s Disclosure and Transparency Rules and UK Listing Rules. Detailed transaction data including volumes, prices, and venues are disclosed to ensure transparency. The company confirms this announcement is not an offer or solicitation of securities in any jurisdiction and provides additional information via its Investor Relations website.

Investor Relations maintains open communication channels for shareholders and analysts, exemplifying best practices in corporate governance and regulatory compliance for a London Stock Exchange-listed company.

Capital Management and Shareholder Value Enhancement

QinetiQ Group plc’s repurchase of 444,523 shares reflects a strategic capital management decision based on financial position, cash flow, and investment priorities. The multi-venue, multi-day execution minimized market impact and optimized transaction efficiency.

Cancellation of repurchased shares increases earnings and voting rights on a per-share basis for remaining shareholders. The reduction from 517,229,405 shares prior to this tranche to 516,784,882 shares represents a modest accretive effect. This ongoing buyback programme, initiated in March 2026 with this tranche in July, provides shareholders with transparency into the company’s capital allocation and shareholder return strategy.