REG - Serco Group PLC - Director/PDMR Shareholding

SercoAnnouncement

24/08/2018 12:40

RNS Number : 8522Y
Serco Group PLC
24 August 2018
 


24 August 2018
Serco Group plc (the 'Company')
Legal Entity Identifier: 549300PT2CIHYN5GWJ21


 
INITIAL NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ORDINARY SHARES OF 2 PENCE EACH IN THE COMPANY ('ORDINARY SHARES') IN ACCORDANCE WITH ARTICLE 19 OF THE EU MARKET ABUSE REGULATION 596/2014
 
Serco Group plc announces that, on 22 August 2018, in accordance with the rules of the Serco Group plc 2009 Deferred Bonus Plan ('DBP') and following the removal of share dealing restrictions, the PDMRs detailed in the notifications below purchased Ordinary Shares pursuant to the voluntary deferral of a proportion of the gross bonus earned in 2017 (paid in April 2018) ('Investment Shares') and, following the purchase of the Investment Shares, on 23 August 2018, the Company granted awards in the form of conditional share awards ('Matching Share Awards') to the PDMRs.
 
The vesting date for the Matching Share Awards is the third anniversary of grant.  The vesting of the Matching Share Awards is subject to the achievement of an EPS performance target, being Statutory Earnings Per Share (EPS) before exceptional items (adjusted to reflect tax paid on a cash basis) of 13.7p (threshold, 25% vesting) to 16.7p (maximum, 100% vesting), measured as an aggregate over the three-year performance period ending 31 December 2020.
 
 
Transaction notifications
 
 



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 (the 'Company')




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
 
 


Purchase of Ordinary Shares.




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















£0.979185


128,530






























d)
 


Aggregated information


















- Aggregated volume


128,530














- Price


£125,854.65














e)
 


Date of the transaction
 


22 August 2018




f)
 


Place of the transaction


London Stock Exchange (XLON)



 
 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name


Anthony Kirby




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Group HR 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 (the 'Company')




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
 
 


Purchase of Ordinary Shares.




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















£0.979185


10,140






























d)
 


Aggregated information


















- Aggregated volume


10,140














- Price


£9,928.94














e)
 


Date of the transaction
 


22 August 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 & 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 (the 'Company')
 




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
 
 


Purchase of Ordinary Shares.




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















£0.979185


19,185






























d)
 


Aggregated information


















- Aggregated volume


19,185














- Price


£18,785.66














e)
 


Date of the transaction
 


22 August 2018




f)
 


Place of the transaction


London Stock Exchange (XLON)



 
 



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 (the 'Company')




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
 
 


Purchase of Ordinary Shares.




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















£0.979185


36,049






























d)
 


Aggregated information


















- Aggregated volume


36,049














- Price


£35,298.64














e)
 


Date of the transaction
 


22 August 2018




f)
 


Place of the transaction


London Stock Exchange (XLON)



 
 



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 (the 'Company')




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
 
 


Purchase of Ordinary Shares.




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















£0.979185


57,983






























d)
 


Aggregated information


















- Aggregated volume


57,983














- Price


£56,776.08














e)
 


Date of the transaction
 


22 August 2018




f)
 


Place of the transaction


London Stock Exchange (XLON)



 
 



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 (the 'Company')




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 grant of conditional share awards under the Serco Group plc 2009 Deferred Bonus Plan.




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















£0.02


488,418






























d)
 


Aggregated information


















- Aggregated volume


488,418














- Price


£9,768.36














e)
 


Date of the transaction
 


23 August 2018




f)
 


Place of the transaction


n/a



 
 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name


Anthony Kirby




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Group HR 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 (the 'Company')




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 grant of conditional share awards under the Serco Group plc 2009 Deferred Bonus Plan.




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















£0.02


38,538






























d)
 


Aggregated information


















- Aggregated volume


38,538














- Price


£770.76














e)
 


Date of the transaction
 


23 August 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 & 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 (the 'Company')




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 grant of conditional share awards under the Serco Group plc 2009 Deferred Bonus Plan.




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















£0.02


72,908






























d)
 


Aggregated information


















- Aggregated volume


72,908














- Price


£1,458.16














e)
 


Date of the transaction
 


23 August 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 (the 'Company')




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 grant of conditional share awards under the Serco Group plc 2009 Deferred Bonus Plan.




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















£0.02


136,990






























d)
 


Aggregated information


















- Aggregated volume


136,990














- Price


£2,739.80














e)
 


Date of the transaction
 


23 August 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 (the 'Company')




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 grant of conditional share awards under the Serco Group plc 2009 Deferred Bonus Plan.




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















£0.02


219,028






























d)
 


Aggregated information


















- Aggregated volume


219,028














- Price


£4,380.56














e)
 


Date of the transaction
 


23 August 2018




f)
 


Place of the transaction


n/a



 




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