REG - Serco Group PLC - Director/PDMR Shareholding
20 June 2019
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
On 17 June 2019, Kevin Craven exercised 268,067 nominal-cost options, granted under the 2009 Serco Performance Share Plan. 128,517 Ordinary Shares of 2 pence each ('Ordinary Shares') were sold at 137 pence per Ordinary Share to satisfy tax liabilities and dealing costs. Immediately following the exercise, the remaining balance of 139,550 Ordinary Shares were transferred to his spouse for nil consideration.
Name of PDMR
Grant date of award
Vest date of award
Number of shares exercised
Number of shares sold
Share price
Number of shares retained
Kevin Craven
2 September 2014
2 September 2017
76,248
36,878
137 pence
39,370
29 May 2015
29 May 2018
191,819
91,639
137 pence
100,180
The notification of dealing forms can be found below.
Transaction notification
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 and 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 exercise of nominal-cost options over Ordinary Shares granted on 2 September 2014 and 29 May 2015 under the Company's 2009 Performance Share Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0.02
76,248
£0.02
191,819
d)
Aggregated information
- Aggregated volume
268,067
- Price
£5,361.34
e)
Date of the transaction
17 June 2019
f)
Place of the transaction
N/A
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 satisfy tax liabilities and dealing costs following the exercise of nominal-cost options over Ordinary Shares on 6 June 2019 under the Company's 2009 Performance Share Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£1.37
36,878
£1.37
91,639
d)
Aggregated information
- Aggregated volume
128,517
- Price
£176,068.29
e)
Date of the transaction
17 June 2019
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 and 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 transfer of 139,550 Ordinary Shares to Spouse for nil consideration.
No change in beneficial ownership.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0.00
139,550
d)
Aggregated information
n/a (single transaction)
- Aggregated volume
- Price
e)
Date of the transaction
17 June 2019
f)
Place of the transaction
n/a
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Amber Jane Craven
2
Reason for the notification
a)
Position/status
PCA of Kevin Craven (CEO, UK and 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
Receipt of Ordinary Shares from spouse for nil consideration.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0.00
139,550
d)
Aggregated information
n/a (single transaction)
- Aggregated volume
- Price
e)
Date of the transaction
17 June 2019
f)
Place of the transaction
n/a
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