REG - Serco Group PLC - Director/PDMR Shareholding

SercoAnnouncement

31/05/2018 16:35

RNS Number : 9080P
Serco Group PLC
31 May 2018
 


 
31 May 2018
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
 
Serco Group plc ('Serco' or 'the Company'), the international service company, confirms the vesting of awards granted in 2015 to Rupert Soames, Angus Cockburn, David Eveleigh, Guy Leach, Kevin Craven, Mark Irwin and David Greer in the form of Nominal Cost Options ('the Awards') under the 2009 Serco Performance Share Plan ('PSP'). 
 
The performance measures and vesting details are as follows:
 




Measure


Performance period


Weighting


Outcome


% of the award vesting




Aggregate EPS


1 January 2015 - 31 December 2017


1/3rd


Aggregate EPS exceeded the 12.5p required for full vesting


100%




Average ROIC


1 January 2015 - 31 December 2017


1/3rd


Averaged ROIC exceeded the 10.2% required for full vesting


100%




Relative TSR


17 April 2015 - 24 March 2018


1/3rd


The Company's TSR performance over the period when compared to the TSR performance of companies in the comparator group was below the median level needed for vesting


0%




Total vesting in 2018 for the 2015 PSP Awards


66.67%




Lapsed


33.33%




 
As a result of the lapse of the TSR tranche of the 2015 PSP Awards vesting on 29 May 2018, the above named individuals are not eligible to receive ordinary shares pursuant to this tranche of the Award.
 
The notifications that follow are for Awards made to PDMRs and show the vesting of the Awards.
 
The closing price of an ordinary share of Serco Group plc at the point of vesting on 29 May 2018 was £0.9670.
 




1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name


Rupert Soames




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Group Chief Executive




b)
 


Initial notification /Amendment
 
 


Initial notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)
 


Name
 
 


Serco Group plc




b)
 


LEI
 
 


549300PT2CIHYN5GWJ21




4
 


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
 




a)
 


Description of the financial instrument, type of instrument


Ordinary shares of 2 pence each ('Ordinary Shares')
 














Identification code


ISIN: GB0007973794














b)
 


Nature of the transaction
 
 


The number of Ordinary Shares released on Awards granted on 29 May 2015 under the Company's 2009 Performance Share Plan.
 




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















£0.02


827,855






























d)
 


Aggregated information


















- Aggregated volume


827,855














- Price


£16,557.10














e)
 


Date of the transaction
 


29 May 2018




f)
 


Place of the transaction


N/A




 
 




1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name


Angus Cockburn




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Group Chief Financial Officer




b)
 


Initial notification /Amendment
 
 


Initial notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)
 


Name
 
 


Serco Group plc




b)
 


LEI
 
 


549300PT2CIHYN5GWJ21




4
 


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
 




a)
 


Description of the financial instrument, type of instrument


Ordinary shares of 2 pence each ('Ordinary Shares')
 














Identification code


ISIN: GB0007973794














b)
 


Nature of the transaction
 
 


The number of Ordinary Shares released on Awards granted on 29 May 2015 under the Company's 2009 Performance Share Plan.
 
 
 




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















£0.02


426,101






























d)
 


Aggregated information


















- Aggregated volume


426,101














- Price


£8,522.02














e)
 


Date of the transaction
 


29 May 2018




f)
 


Place of the transaction


N/A




 
 




1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name


David Eveleigh




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Group General Counsel and Company Secretary




b)
 


Initial notification /Amendment
 
 


Initial notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)
 


Name
 
 


Serco Group plc




b)
 


LEI
 
 


549300PT2CIHYN5GWJ21




4
 


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
 




a)
 


Description of the financial instrument, type of instrument


Ordinary shares of 2 pence each ('Ordinary Shares')
 














Identification code


ISIN: GB0007973794














b)
 


Nature of the transaction
 
 


The number of Ordinary Shares released on Awards granted on 29 May 2015 under the Company's 2009 Performance Share Plan.
 




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















£0.02


132,943






























d)
 


Aggregated information


















- Aggregated volume


132,943














- Price


£2,658.86














e)
 


Date of the transaction
 


29 May 2018




f)
 


Place of the transaction


N/A




 
 




1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name


Guy Leach




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Risk & Acquisitions Director




b)
 


Initial notification /Amendment
 
 


Initial notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)
 


Name
 
 


Serco Group plc




b)
 


LEI
 
 


549300PT2CIHYN5GWJ21




4
 


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
 




a)
 


Description of the financial instrument, type of instrument


Ordinary shares of 2 pence each ('Ordinary Shares')
 














Identification code


ISIN: GB0007973794














b)
 


Nature of the transaction
 
 


The number of Ordinary Shares released on Awards granted on 29 May 2015 under the Company's 2009 Performance Share Plan.




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















£0.02


140,321






























d)
 


Aggregated information


















- Aggregated volume


140,321














- Price


£2,806.42














e)
 


Date of the transaction
 


29 May 2018




f)
 


Place of the transaction


N/A




 
 




1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name


Kevin Craven




2
 


Reason for the notification
 




a)
 


Position/status
 
 


CEO UK & Europe




b)
 


Initial notification /Amendment
 
 


Initial notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)
 


Name
 
 


Serco Group plc




b)
 


LEI
 
 


549300PT2CIHYN5GWJ21




4
 


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
 




a)
 


Description of the financial instrument, type of instrument


Ordinary shares of 2 pence each ('Ordinary Shares')
 














Identification code


ISIN: GB0007973794














b)
 


Nature of the transaction
 
 


The number of Ordinary Shares released on Awards granted on 29 May 2015 under the Company's 2009 Performance Share Plan.




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















£0.02


191,819






























d)
 


Aggregated information


















- Aggregated volume


191,819














- Price


£3,836.38














e)
 


Date of the transaction
 


29 May 2018




f)
 


Place of the transaction


N/A




 
 




1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name


Mark Irwin




2
 


Reason for the notification
 




a)
 


Position/status
 
 


CEO AsPac




b)
 


Initial notification /Amendment
 
 


Initial notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)
 


Name
 
 


Serco Group plc




b)
 


LEI
 
 


549300PT2CIHYN5GWJ21




4
 


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
 




a)
 


Description of the financial instrument, type of instrument


Ordinary shares of 2 pence each ('Ordinary Shares')
 














Identification code


ISIN: GB0007973794














b)
 


Nature of the transaction
 
 


The number of Ordinary Shares released on Awards granted on 29 May 2015 under the Company's 2009 Performance Share Plan.




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















£0.02


151,779






























d)
 


Aggregated information


















- Aggregated volume


151,779














- Price


£3,035.58














e)
 


Date of the transaction
 


29 May 2018




f)
 


Place of the transaction


N/A




 
 




1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name


David Greer




2
 


Reason for the notification
 




a)
 


Position/status
 
 


CEO Middle East




b)
 


Initial notification /Amendment
 
 


Initial notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)
 


Name
 
 


Serco Group plc




b)
 


LEI
 
 


549300PT2CIHYN5GWJ21




4
 


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
 




a)
 


Description of the financial instrument, type of instrument


Ordinary shares of 2 pence each ('Ordinary Shares')
 














Identification code


ISIN: GB0007973794














b)
 


Nature of the transaction
 
 


The number of Ordinary Shares released on Awards granted on 29 May 2015 under the Company's 2009 Performance Share Plan.
 




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















£0.02


128,310






























d)
 


Aggregated information


















- Aggregated volume


128,310














- Price


£2,566.20














e)
 


Date of the transaction
 


29 May 2018




f)
 


Place of the transaction


N/A




 




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