REG - Serco Group PLC - Director/PDMR Shareholding

SercoAnnouncement

31/05/2018 16:35

RNS Number : 9084P
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 Deferred Bonus Matching Share Awards granted in 2015 ('the Awards') to Rupert Soames and David Eveleigh in the form of Conditional Share Awards under the 2009 Serco Deferred Bonus Plan ('DBP'). 
 
The performance measure and vesting details are as follows:
 




Measure


Performance period


Weighting


Outcome


% of the award vesting




Aggregate EPS


1 January 2015 - 31 December 2017


100%


Aggregate EPS exceeded the 12.5p required for full vesting


100%




 
The notifications that follow reflect the changes in the interests of the PDMR in ordinary shares arising from the vesting of the Awards and the sale of ordinary shares to meet tax liabilities.
 
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 the vesting of the conditional share awards granted on 29 May 2015 under the Company's 2009 Deferred Bonus Plan.
 
 
 




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















N/A


658,288






























d)
 


Aggregated information


















- Aggregated volume


658,288














- Price


£0.02














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 the vesting of the conditional share awards granted on 29 May 2015 under the Company's 2009 Deferred Bonus Plan.




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















N/A


18,840






























d)
 


Aggregated information


















- Aggregated volume


18,840














- Price


£0.02














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


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 sale of Ordinary Shares to meet tax liabilities following the vesting of the conditional share awards granted on 29 May 2015 under the Company's 2009 Deferred Bonus Plan.




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















£0.9670


310,484






























d)
 


Aggregated information


















- Aggregated volume


310,484














- Price


£300,238.03














e)
 


Date of the transaction
 


29 May 2018




f)
 


Place of the transaction


London Stock Exchange (XLON)




 
 
 




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 sale of Ordinary Shares to meet tax liabilities following the vesting of the conditional share awards granted on 29 May 2015 under the Company's 2009 Deferred Bonus Plan.




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















£0.9670


8,886






























d)
 


Aggregated information


















- Aggregated volume


8,886














- Price


£8,592.76














e)
 


Date of the transaction
 


29 May 2018




f)
 


Place of the transaction


London Stock Exchange (XLON)




 
 
 




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