REG - Serco Group PLC - Director/PDMR Shareholding

SercoAnnouncement

02/07/2019 15:40

RNS Number : 2552E
Serco Group PLC
02 July 2019
 


 
2 July 2019
Serco Group plc ('the Company')
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 1 July 2019, pursuant to the earlier voluntary deferral of a proportion of their 2018 annual bonus and, in accordance with the rules of the Serco Group plc 2019 Deferred Bonus Plan ('the Plan'), ordinary shares of 2 pence each ('Investment Shares') were acquired on behalf of the following PDMRs. 
 
On 2 July 2019, following the acquisition of the Investment Shares, and in accordance with the rules of the Plan, the Company granted conditional share awards ('Matching Share Awards') to the PDMRs.
 
Details of each transaction are summarised in the table below.    
 



PDMR


Investment Shares
Purchased


Matching Share Awards granted




Kevin Craven,
CEO UK & Europe


28,848


109,628




David Eveleigh,
Group General Counsel & Company Secretary


18,166


69,034




Mark Irwin,
CEO AsPac


56,588


215,036



 
The Matching Share Awards have a normal vesting date of 3 May 2022 and vesting is conditional on continued employment, the continued holding of the Investment Shares, and the satisfaction of an EPS performance measure tested over the relevant three-year performance period.
 
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 & 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
 
 


Purchase of Ordinary Shares




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















£1.4375


28,848






























d)
 


Aggregated information


















- Aggregated volume


28,848














- Price


£41,469.00














e)
 


Date of the transaction
 


1 July 2019




f)
 


Place of the transaction


London Stock Exchange (XLON)
 




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 on 2 July 2019 under the Serco Group plc 2019 Deferred Bonus Plan.




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















n/a


109,628






























d)
 


Aggregated information


















- Aggregated volume


109,628














- Price


n/a














e)
 


Date of the transaction
 


2 July 2019




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




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)
















£1.4375


18,166






























d)
 


Aggregated information


















- Aggregated volume


18,166














- Price


£26,113.63














e)
 


Date of the transaction
 


1 July 2019




f)
 


Place of the transaction


London Stock Exchange (XLON)
 




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 on 2 July 2019 under the Serco Group plc 2019 Deferred Bonus Plan.




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















n/a


69,034






























d)
 


Aggregated information


















- Aggregated volume


69,034














- Price


n/a














e)
 


Date of the transaction
 


2 July 2019




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
 
 


Purchase of Ordinary Shares




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















£1.4375


56,588






























d)
 


Aggregated information


















- Aggregated volume


56,588














- Price


£81,345.25














e)
 


Date of the transaction
 


1 July 2019




f)
 


Place of the transaction


London Stock Exchange (XLON)
 




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 on 2 July 2019 under the Serco Group plc 2019 Deferred Bonus Plan.




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















n/a


215,036






























d)
 


Aggregated information


















- Aggregated volume


215,036














- Price


n/a














e)
 


Date of the transaction
 


2 July 2019




f)
 


Place of the transaction


n/a



 
 
 




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