REG - Serco Group PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">SRP.L</Origin>

SercoAnnouncement

11/04/2017 14:05

RNS Number : 2228C
Serco Group PLC
11 April 2017
11 April 2017
Serco Group plc
Legal Entity Identifier: 549300PT2CIHYN5GWJ21
INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ACCORDANCE WITH ARTICLE 19 OF THE EU MARKET ABUSE REGULATION 596/2014
1. Serco Group plc ('Serco' or 'the Company'), the international service company, announces that the individual Non-Executive Directors named below, each a PDMR, have notified the Company that they have purchased the following number of ordinary shares of 2p each in the Company (ISIN: GB0007973794):
Name
Position
Date of Notification
No of Shares
Share Price (p)
Aggregate Total ()
John Rishton
Non-Executive Director
07 April 2017
43,086
115.1806p
49,626.71
Sir Roy Gardner
Chairman
10 April 2017
30,000
117.0315p
35,109.45
The above transactions took place on the London Stock Exchange (XLON) on 7 April 2017 in the case of John Rishton and on 10 April 2017 in the case of Sir Roy Gardner.
2. The Company further announces that certain share options and share awards granted under the Serco Performance Share Plan (PSP) over ordinary shares of 2p each in Company (ISIN: GB0007973794), vested on 10 April 2017. The PSP share options and share awards were awarded to the individuals listed below upon appointment to the Company to compensate for non-performance share awards forfeited by their respective previous employers. The number of shares sold to meet associated tax and NIC liabilities arising on vesting and the number of vested shares retained by each PDMR is set out below:
Name
Position
No of Shares vested
No of Shares sold to satisfy associated tax and NIC liability
Share Price of Shares sold (p)
No. of vested shares retained
Rupert Soames
Group Chief Executive
58,9881
27,823
116.1p
31,165
Angus Cockburn
Group Chief Financial Officer
39,8492
18,796
116.1p
21,053
Kevin Craven
Divisional CEO, UK Central Government
25,5823
12,067
116.1p
13,515
1 Number of shares under PSP share options granted to Rupert Soames on 27 June 2014.
2  Number of shares under PSP share options granted to Angus Cockburn on 31 October 2014.
3 Number of conditional shares awarded to Kevin Craven on 2 September 2014.
 
The vesting of the above share options and share award took place outside of a trading venue. The share sale transactions took place on the London Stock Exchange (XLON) on 10 April 2017 in the case of Rupert Soames and Angus Cockburn and on 11 April 2017 in the case of Kevin Craven.
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This information is provided by RNS
The company news service from the London Stock Exchange
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